Bank South Pacific To Complete Westpac Vanuatu Takeover On Monday

PNG-owned BSP to retain employees, utilize locations

By Harrison Selmen

PORT VILA, Vanuatu (Vanuatu Daily Post, July 1, 2016) – Westpac customers in the country will welcome and be part of the Bank South Pacific (BSP) family when it opens its doors for its first official working hours Monday next week (July 4). The settlement of this new Papua New Guinea (PNG) bank’s operation in Vanuatu will happen today at 4pm in Port Vila, says Westpac General Manager Stuart Beren.

He said BSP will be using the same location and building where Westpac used to be.

Mr. Beren told Daily Post that Westpac with ‘red’ will switch its colors to green.

“As part of the sale agreement all local staff will move to employment with BSP, as was the case when staff in Cook Islands, Samoa, Solomon Islands and Tonga transitioned to BSP employment last year.”

He added: “All Westpac customers will become BSP customers, with all loans and accounts transferred.

“Customers should expect to continue enjoying the same high level of service under BSP.”

Bank South Pacific is Papua New Guinea’s largest bank, with 35 branches throughout PNG and is in operation in 6 countries.

BSP currently services over 650,000 business banking customers throughout the Pacific.

Mr. Beren said more official statements from both BSP and Westpac about their services will be issued in due course.

Vanuatu Daily Post
Copyright © 2016 Trading Post Limited. All Rights Reserved

Rate this article: 
No votes yet

Add new comment