The Solomon Islands Finance Minister, Gordon Darcy has signed off on the sale of the National Bank of Solomon Islands.
The negotiations for the sale of NBSI to the Bank of the South Pacific had stalled after two years when government could not come to an agreement with the trustees of the bank.
In a ceremony, Mr Darcy signed documents that would allow the National Provident Fund shares in NBSI to be sold to the Bank of the South Pacific.
"At the same I have also agreed to the request that has been submitted by the national provident fund and that I have given the approval for the guarantee for the long term bond of 42 million placed with the National of Solomon Islands as well."
The Solomon Islands Finance Minister, Gordon Darcy.