Wales/Westpac Ex-PNG/Pacific Staff Reunion

Cook Islands

​NBNZ opened a branch in Rarotonga in the Cook Islands in 1969.

In 1986 NBNZ sold its banking license to the newly-incorporated European Pacific Banking Company Ltd. (EPBC). Although the legal hand-over took place overnight, certain expatriate staff stayed on until their contracts ended, with the last leaving in December 1988.

EPBC conducted its business mainly in the Cook Islands, Sydney, and Singapore. It had a subsidiary, European Pacific Trust Company Ltd. (Cook Islands) which carried on its business mainly in the Cook Islands where it provided banking and corporate administrative services.

In October 1988 Westpac purchased the operations of EPBC and a HSBC subsidiary​.

On 29 January 2015, Westpac announced that it had entered into an agreement to sell its banking operations to the Bank of South Pacific. This transfer was effected on 10/07/2015.