Trading
List Of Investment Banks In Solomon Islands
Published by Gbaf News
Posted on October 31, 2012
1 min read· Last updated: June 11, 2018
Key Takeaways
- Solomon Islands’ banking sector features mainly commercial banks including ANZ, BSP (formerly NBSI), Westpac operations, BRED Bank, and Pan Oceanic Bank.
- These institutions provide core financial services—deposits, loans, foreign exchange, and trade finance—to businesses and individuals.
- The sector also includes specialized institutions like the Development Bank of Solomon Islands (DBSI) and regulatory oversight by the Central Bank of Solomon Islands.
- Consolidation has shaped the landscape: National Bank of Solomon Islands was acquired by BSP, and Westpac operations were taken over by BSP in mid‑2010s.
References
Frequently Asked Questions
Which banks operate in Solomon Islands?
Major commercial banks include ANZ, Bank South Pacific (BSP, formerly NBSI and Westpac operations), BRED Bank, and Pan Oceanic Bank, with the Development Bank (DBSI) providing specialized financing.
Who regulates Solomon Islands banks?
The Central Bank of Solomon Islands regulates all financial institutions under the Financial Institutions Act 1998 and related legislation.
What happened to the National Bank of Solomon Islands?
The National Bank of Solomon Islands was acquired by Bank South Pacific (BSP) in 2006–07 and integrated into its operations.
Does Westpac still operate directly in Solomon Islands?
No — Westpac’s remaining operations in Solomon Islands were acquired by BSP around 2015–2016.
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