Westpac Banking Corporation
(ASX:WBC) has tied up the sale of its operations in three Pacific Island nations for $91 million.
The bank revealed the deal in at the beginning of this year and says it is not expected to have a material impact on its financial position.
Since the first announcement Westpac has decided not to proceed with the proposed sale of its Vanuatu and Solomon Islands operations.
The bank has also advised it will retain its operations in its largest Pacific markets of Fiji and Papua New Guinea.
Westpac Banking Corporation reported a net profit of $3.64 billion in the first half of the 2015 financial year.
