The founders of the Bank became aware of a number of major financial institutions closing their South Pacific operations and the consequential challenges this presented to organisations trying to conduct business across the region.
The founders initiated their application for an international banking license in Vanuatu in response this reduction of banking services throughout South Pacific and South-East Asia.
Westminster was approved as “Operational” by the Reserve Bank of Vanuatu in April 2020 and subsequently was approved as a member of SWIFT in 2022.
