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March 4, 2021 4:55 pm
The government believes it is time for Fiji to have a locally owned bank with a large footprint in the financial sector.
FBC News understands HFC Bank and the Fiji National Provident Fund have expressed an interest in buying Westpac Bank’s Fiji operations from Kina Securities.
Westpac Banking Corporation sold its Pacific arm including Fiji, to Papua New Guinea based Kina Securities, late last year.
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Economy Minister, Aiyaz Sayed-Khaiyum, says while he is not privy to any discussion of this nature, the government would back any moves for a locally owned bank to be a major player in the banking industry.
Kina Securities buys Westpac Group s Pacific businesses lawyersweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyersweekly.com.au Daily Mail and Mail on Sunday newspapers.