Pacific

Deal for takeover of National Bank of Solomon Islands signed in Honiara

09:20 am on 28 April 2007

The final papers for the Papua New Guinea based Bank of the South Pacific, or BSP, to take over National Bank of Solomon Islands will be signed in Honiara.

Finance Minister Gordon Darcy Lilo says he will be signing the documents with representatives of the two commercial banks.

He says the take over is to officially take place on May 1st.