Solomon Islands gets a fourth commercial bank
THE French BRED Bank will open its doors in Honiara tomorrow, Friday, becoming the fourth commercial bank in the Solomon Islands.
BRED Bank’s other operations in the Pacific are in Fiji, Vanuatu, Tahiti, New Caledonia and Wallis and Futuna.
Having given the go ahead to open its doors in Honiara, the governor of the Central Bank of Solomon Islands, Denton Rarawa, has forecast that BRED Bank’s entry into the local market will improve the banking options available to businesses and individuals.
BRED Bank’s venture into the Solomon Islands fills the gap left by Westpac in 2015.