27 Jul 2010

BSP says PNG, Fiji and Solomon Islands should create a financial market

10:36 am on 27 July 2010

Bank South Pacific says Papua New Guinea, Fiji and Solomon Islands should work together to create a Pacific financial market.

The Fiji Sun reports the bank has just reviewed its performance in Fiji for the past six months and says it is happy with its achievements.

The bank's chief executive officer, Ian Clyne, says BSP sees itself as a Pacific bank.

He says a pacific financial market would allow investors to invest in companies in all those countries and have them listed in both Papua New Guinea and Fiji to create the ability to list the products on the stock exchanges.

Ian Clyne says BS wants to be a very small bank in the Pacific, for 11 million people, not a very big bank in Australia or New Zealand

He says unlike other banks, it will invest a lot more in technology and improving services.