Solomon Islands now boasts two branches
SIX months after successfully expanding its business to Solomon Islands, the European bank-BRED Bank- will open a second branch in Honiara by the end of the year and a third branch in the provinces in the next 24 months. BRED Bank CEO in Solomon Islands, Owen Thomson, told Islands Business they would now focused on improving the quality of their services by implementing mobile banking through Mobile Application and USSD – banking through text messaging “This is very important for us to deliver banking service to everyone as most of the population live in remote rural areas with no banking access,” Owen said.
He said they would work with NGOs and government agencies to promote saving groups and financial knowledge for the people in Solomons. With the successful establishment of operations throughout the Pacific (Vanuatu, Fiji, New Caledonia and French Polynesia), the BRED Group began operation in Solomon Islands in August last year with one staff member. By opening day, it has installed eight ATMs and opened over 830 accounts.
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