Bank South Pacific says it hopes to introduce electronic banking in Solomon Islands at the end of the first quarter of this year.
The bank made the announcement after signing an agreement with Our Telekom in Honiara yesterday.
Under the agreement, Our Telekom will supply data links connecting BSP's seven branches here.
In a joint statement, the two companies say the new agreement is necessary as part of the conversion that BSP will be making to its computer system which is scheduled to be completed by end of the first quarter 2009.
The statement says once this conversion is completed BSP will then introduce a suite of electronic banking services which will include among other services, ATM's, internet banking and EFTPOS.
Mark Corcoran, the Country Manager for BSP said this was a project of some undertaking and one that BSP had been working on for sometime.
BSP is the only one of the three commercial banks operating in Solomon Islands yet to introduce ATM machines.
