BSP marks 20th anniversary of merger with PNGBC

BANK South Pacific Financial Group Limited (BSP) commemorated its 20th anniversary of the privatisation of the former Papua New Guinea Banking Corporation (PNGBC) and amalgamation with BSP on April 9, 2002.
BSP chief executive officer Robin Fleming said the number of accounts now with BSP stood at over two million accounts across the group.
“Our contribution in the last 20 years has seen higher levels of tax paid, increased dividends to shareholders, increase in value for shareholders with a higher share price.
“Millions of kina in contributions was given to the community through charitable and community project work, expansion of our business lines with bank, Asset Finance, Life Insurance and Capital Advisory, including the expansion of the now iconic BSP brand regionally. BSP is a proud ambassador of PNG across the region, from Cook Islands to Vanuatu and all Pacific countries in between. It has truly been a successful journey for this home grown bank and one that everyone in PNG should be proud of.”