Solomon Islands Financial System Infrastructure
Solomon Islands regulated financial system consists of commercial banks; credit institutions; a superannuation fund; the Development Bank of Solomon Islands, general insurers; a life insurer; insurance brokers; insurance corporate agents; credit unions; restricted foreign exchange dealers; money changers; and a credit reporting agency.
The following institutions are licensed and supervised by the Central Bank of Solomon Islands (CBSI) to do business in Solomon Islands under the Financial Institutions Act 1998 (as amended), Development Bank of Solomon Islands Act 2018, Solomon Islands National Provident Fund Act 1996, and Insurance Act 1986.
Commercial Banks
| Institution Name | Country of Incorporation | Country of Ownership | SWIFT Bank Identifier Codes | Contact |
|---|---|---|---|---|
| Australia and New Zealand Banking Group Limited Solomon Islands Branch | Australia | Australia | ANZBSBSB | Country Head: Mr. Martin Beattie Address: PO Box 10, Honiara, Solomon Islands Telephone: + (677) 21111 Email: Martin.Beattie@anz.com Website: www.anz.com |
| BRED Bank Solomon | Vanuatu | France | BREDSBSB | Chief Executive Officer: Mr. Owen Thomson Address: PO Box 1639, Honiara, Solomon Islands Telephone: +677 27777 Email: owen.thomson@bred.sb Website: www.bred.sb |
| Bank South Pacific Financial Group Limited | Papua New Guinea | Papua New Guinea | BOSPSBSB | Country Head: Ms. Sandra Fore Address: PO Box 37, Honiara, Solomon Islands Telephone: +677 23022 Email: SFore@bsp.com.sb Website: www.bsp.com.sb |
| Pan Oceanic Bank Limited | Solomon Islands | Singapore | POBBSBSB | Executive Officer: Dr Gishan Illangakoon Address: PO Box 2294, Honiara, Solomon Islands Telephone: +677 27762 Email: contact@pob.com.sb Website: www.pob.com.sb |
Development Banks
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| Development Bank of Solomon Islands | Solomon Islands | Solomon Islands | General Manager: Nafitalai Cakacaka Address: PO Box 911, Honiara, Solomon Islands Telephone: + (677) 21595 Email: ncakacaka@dbsi.sb Website: www.dbsi.sb |
Credit Institutions
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| BSP Finance Solomon Island Limited (BSPFSIL) | Solomon Islands | Papua New Guinea | Country Manager: Ms. Imelda Samba Address: PO Box 37, Honiara, Solomon Islands Telephone: +677 27779 Email: ISamba2@bsp.com.sb Website: www.bspfinance.com.sb |
| Credit Corporation Solomon Islands Limited | Solomon Islands | Papua New Guinea | Country Manager: Mr. Ronald Vikash Prasad Address: P O Box 1487, Honiara, Solomon Islands Telephone: +677 22114 Email: ronaldvikash.prasad@creditcorp.com.sb Website: www.creditcorporation.com.pg |
| Solomon Finance Limited | Solomon Islands | Solomon Islands | General Manager: Mr. Jeffery Pitamama Address: PO Box 1487, Honiara, Solomon Islands Telephone: +677 42170 Email: info@sfl.com.sb Website: To be advised |
Superannuation Fund
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| Solomon Islands National Provident Fund | Solomon Islands | Solomon Islands | General Manager: Mr. Michael Wate Address: P O Box 618, Honiara, Solomon Islands Telephone: +677 21659 Email: info@sinpf.com.sb Website: www.sinpf.org.sb |
Insurance companies: General Insurers
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| Capital Insurance Solomon Islands Limited | Solomon Islands | Papua New Guinea | Country Manager: Mr. Gau Gomea Address: PO Box 2224, Honiara, Solomon Islands Telephone: +677 42220 Fax: +677 21355 Email: ggomea@capgrp.com Website: www.cig.com.pg |
| Tower New Zealand Insurance Limited | New Zealand | New Zealand | Country Manager: Ms. Diana Tasion Address: P O Box 231, Honiara, Solomon Islands Telephone: +677 22955 Fax: +677 23636 Email: Diana.Tasion@towerinsurance.com.sb Website: www.towerinsurance.com.sb |
| QBE (International) Insurance Limited | Australia | Australia | Country Manager: Mr Ernest Teutao Address: PO Box 764, Honiara, Solomon Islands Telephone: +677 38884 or 38885 Fax: +677 38887 Email: ernest.teutao@qbe.com Website: www.qbepacific.com |
Life Insurance
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| Capital Insurance Solomon Islands Limited | Solomon Islands | Papua New Guinea | Country Manager: Mr. Gau Gomea Address: PO Box 2224, Honiara, Solomon Islands Telephone: +677 42220 Fax: +677 21355 Email: ggomea@capgrp.com Website: www.cig.com.pg |
Insurance Brokers
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| Pacific Insurance Brokers Limited | Solomon Islands | Solomon Islands | Principle Officers: Mr. John Marsh/ Mrs. Daisy Maelaua Address: P O Box 2087, Honiara, Solomon Islands Telephone: +677 22245/22246 Fax: +677 22267 Email: jmarsh@pib.com.sb/dmaelaua@pib.com.sb |
| United Risk Services Limited | Solomon Islands | Solomon Islands | General Manager: Mrs. Anna Masioa Address: P O Box 530, Honiara, Solomon Islands Telephone: +677 21510/23206/39619 Email: anna@unitedriskservices.com.sb |
Insurance Corporate Agents
| Institution Name | Country of Incorporation | Country of Ownership | Contact |
|---|---|---|---|
| Bred Bank Solomon | Vanuatu | France | Chief Executive Officer: Mr. Owen Thomson Address: PO Box 1639, Honiara, Solomon Islands Telephone: +677 27777 Email: owen.thomson@bred.sb Website: www.bred.sb |
| Solinsure Limited | Solomon Islands | Fiji | Principle Officer: Mr. Arivakisati Bovoro (Tukana) Address: PO Box 1115, Honiara, Solomon Islands Telephone: +677 7537566 Email: tukana@ifspacific.com / tbovoro@yahoo.com |