Westpac buys Bank of Tonga shares

The Westpac Banking Corporation became the major shareholder of the Bank of Tonga on January 4, after it bought the 30% shares of the Bank of Hawai‘i. The Bank of Tonga now has only two shareholders, Westpac holding 60% and the Government of Tonga 40%. From Matangi Tonga Magazine, Vol. 15, no. 4, January 2001.