Westpac stays, so what’s next?
Westpac’s October announcement that it no longer planned to sell its remaining businesses in Papua New Guinea and Fiji, and its statement to the Australian Stock Exchange that it would increase investment in its
Westpac
Westpac to maintain Pacific presence, cancels sale of PNG, Fiji banks
Westpac has decided to maintain a presence in the South Pacific after the federal government indicated it wants to see Australian companies maintain a role in the region. The Australian Financial Review reports the bank
Local banker Smith is Westpac Fiji CEO
Westpac has announced the appointment of Shane Smith as its new Chief Executive for Fiji. “I’m honoured and humbled by the opportunity to lead this great business and build on the legacy of my predecessors.
Kina’s acquisition of Westpac Pacific operations thwarted
Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) has rejected Kina Securities Limited’s proposal to buy out Westpac Bank’s PNG operations. The ICCC’s decision reflects its concerns about
Delving into digital: Kina finds its sweet spot
Kina Bank is set to bring new digital products to Fiji when it acquires Westpac's Fiji
Kina’s Westpac offer: why a banking duopoly would be bad for PNG
The much-anticipated bid for Westpac Pacific (PNG and Fiji) operations by Kina Securities (the owner of Kina Bank) was finally confirmed last month. The offer did not come as a surprise as Westpac moved its Pacific