As Bank South Pacific enters the Fiji banking market, they have revealed that there will be further investments in the country.
BSP Country Head, Kevin McCarthy said that with the economy in Papua New Guinea strengthening as a result of their exporting liquid gas, the Bank is looking at investments such as the introduction of SMS banking, bringing in more banking technology and focusing on rural communities.
With regards to the other business interests like the Colonial Life and Health Insurance that Colonial is also involved in, McCarthy adds that though it will be a new venture for BSP, as part of the agreement there will be no changes.
Meanwhile, McCarthy also adds that since taking over last year, there has been no manpower loss in Colonial.
The Bank South Pacific bought out Colonial National Bank Fiji after entering into a Sale and Purchase Agreement with the Commonwealth Bank in October 2009.
BSP plans for further investment in country
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