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Westpac says $420m Pacific bank sale knocked back by PNG regulator

Westpac says $420m Pacific bank sale knocked back by PNG regulator
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

Papua new guineaWestpac pacificCompetition commissionKina bankKina securitiesIndependent consumerபப்புவா புதியது கினியாவெஸ்ட்பேக் பெஸிஃபிக்போட்டி தரகுகீந வங்கிகீந பத்திரங்கள்சுயாதீனமான நுகர்வோர்

Fijilive - State-owned banks committed to region Gateway to Fiji, Fiji News, Fiji Rugby, Fiji Football, Fiji Sports, Fiji Picture Gallery, Fiji Business, etc

Fijilive - State-owned banks committed to region Gateway to Fiji, Fiji News, Fiji Rugby, Fiji Football, Fiji Sports, Fiji Picture Gallery, Fiji Business, etc
fijilive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijilive.com Daily Mail and Mail on Sunday newspapers.

Papua new guineaNational bankNational australia bankInternational development zed seseljaKina securitiesபப்புவா புதியது கினியாதேசிய வங்கிதேசிய ஆஸ்திரேலியா வங்கிகீந பத்திரங்கள்

Westpac backs down over threat to exit New Zealand

Westpac backs down from threat to exit New Zealand Save Share After threatening to exit New Zealand in March because of the Reserve Bank of New Zealand’s tough capital requirements, Westpac Banking Corp said it would retain full ownership of its NZ operations to protect shareholder value. Westpac told the ASX on Thursday morning a review had decided not to proceed with the demerger of its bank in New Zealand. Westpac shares fell 1.1 per cent in afternoon trade on a weaker day for bank shares. “After a detailed review, we believe a demerger of the [Westpac New Zealand] business would not be in the best interests of shareholders,” Westpac chief executive Peter King said in a statement.

New zealandNew zealandersWestpac pacificMatthew wilsonDavid mcleanSimon powerStreet talkMacquarie capitalWestpac new zealandReserve bankKina securitiesபுதியது ஜீலாந்துவெஸ்ட்பேக் பெஸிஃபிக்மேத்யூ வில்சன்டேவிட் மக்லீந்சிமோன் பவர்

Executive Interview: Isikeli Taureka

Executive Interview: Isikeli Taureka ‘This job is balanced between trying to run various companies through guidance and direction and monitoring, and then mapping the politics around that as well.’ by maraia vula Isikeli Taureka, Managing Director of Kumul Consolidated Holdings and Chairman of Kina Securities Limited. Isikeli Taureka is the managing director of Kumul Consolidated Holdings (KCH) in Papua New Guinea. He is also the Kina Securities Limited (KSL) Board Chairman. He is an embodiment of a successful Pacific Islander who has succeeded around the world in different sectors through sheer hardwork.

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The Fiji Times » Bank outlines plans for the Pacific operations

Abishek Chand Kina Bank s chief executive officer Greg Pawson. Picture: SUPPLIED/EMTV ONLINE KINA Bank is set to provide lower cost of banking for customers in Fiji operating under a new name and separately governed. This was according to a statement released by the bank outlining its plans for the Pacific. It was stated the proposed acquisition of Westpac’s Pacific businesses would promote a stronger, publicly listed regional bank enabling Kina to focus on greater customer service and lower the cost of banking for everyone in Fiji and PNG. Kina Bank’s chief executive officer Greg Pawson said they would be able to drive innovation and introduce more choice.

Papua new guineaWestpac pacificGreg pawsonKina securities ltdKina bankKina securitiesபப்புவா புதியது கினியாவெஸ்ட்பேக் பெஸிஃபிக்கீந பத்திரங்கள் லிமிடெட்கீந வங்கிகீந பத்திரங்கள்