BSP

In announcing this during the recent BSP Leadership Forum and Long Service Awards Night, BSP General Manager – Retail, Paul Thornton, said the Aitape Branch team accomplished a very needed project in the Lumi area where they “revisited the double classroom - installing interior walls, cementing the floors, constructing 20 desks, putting in windows and added a fresh coat of paint”.

The new rates are 6.5 percent pa and 27 percent pa respectively, and came into effect on 6^th May, 2019.

In announcing the reduction, BSP Group General Manager Retail Paul Thornton said the new Standard Housing Loan interest rate of 6.5 percent pa represented a 0.95 percent reduction from the previous rate and is applicable to existing and new borrowers.

Bank of South Pacific (BSP) is working closely with the Central Bank of Solomon Islands (CBSI) to obtain the necessary approvals and discussions with the CBSI have been positive and have well-progressed.

This was revealed in a statement by BSP Group chairman Kostas Constantinou.

He says BSP is confident for a positive conclusion of the new application that is before the CBSI to allow the transaction to proceed shortly thereafter.

These countries are those that have acquired former Westpac business.

BSP Senior Manager Corporate Strategy Finance & Planning Mathew Hasu says so far the transition has been great.

“Fiji being relatively central to all the Pacific Islands it was seen as a place not just as an ease of convenience from a transportation perspective but for our country managers that have arrived from the newly acquired countries to see what we are able to do here in Fiji.”