Reserve Bank of Fiji provides conditional approval to Kina Securities Limited
Reserve Bank of Fiji provides conditional approval to Kina Securities Limited
Reserve Bank of Fiji Governor Ariff Ali. [Image: File Photo]
The Reserve Bank Board has resolved that a conditional approval be granted on Kina Securities Limited’s application to take over Westpac Fiji.
The Westpac Group had announced on 7th December last year, its intention to sell the Westpac Pacific Business (Westpac Fiji and Westpac’s 89.91% stake in Westpac Bank PNG Limited) to Kina Securities Limited, subject to regulatory approvals in Fiji and PNG, and Kina Securities shareholder approval.