That’s according to the Minister of Agriculture and Business Trade and Investment Board, Kiriau Turepu, who was in Port Moresby, Papua New Guinea to attend the 11th meeting of Southwest Pacific Ministers of Agriculture.
During his five-day visit Turepu was given a tour of the Bank of the South Pacific which allowed him to see its operations first-hand and meet with executive management and staff.
They included the BSP’s paramount banking general manager, Aho Baliki, his deputy Paul Russell and deputy general manager of retail banking, Kili Tambua.
The Business Trade Investment Board granted approval for the Bank of the South Pacific to be registered as a foreign enterprise and carry out business in the Cook Islands.An application to be registered by the banking regulator the Financial Services Commission is now under consideration.
The Papua New Guinea-based bank has a sale and purchase agreement with Westpac for all its operations in the Solomon Islands, Vanuatu, Tonga, Samoa and the Cook Islands.
Turepu’s call on the bank’s headquarters in Port Moresby has been commended by bank chief executive Robin Fleming, who says the visit was rewarding.
Turepu says he was very impressed with what he saw, especially the high level of technology used and the customer service improvements that were evident at branches of the bank.
He described the site visit as ‘successful’ and said he was very satisfied with the bank’s developments.