News & Announcements

BSP Financial Group’s Treasury Team has lent a helping hand to one of NCD’s biggest primary school, eliminating health’s risks associated with its 20-year-old ablution block.

BSP as the largest bank in PNG and the Pacific continues to drive its Go Green Campaign environmental message among schools and communities it operates in, through its annual School Clean-up campaign.

A partnership support that spans 23 years continues between BSP Financial Group Limited and the Operation Open Heart Program.

Depreciation of the PGK/USD midrate will benefit exporters as they receive more PGK for their goods, whilst importers will see higher prices as their cost-per-kina increases when purchasing goods overseas to bring into PNG.

BSP Financial Group Limited (BSP) in partnership with Australian Business Volunteers (ABV) has extended the roll out of its YES Grow Program to local SMEs across PNG, following the program’s success in Fiji earlier this year.

BSP’s strong business performance across the Group was maintained in the third quarter of 2023, with year-to-date operating profit of K1.24b, compared to K1.20b for the same period in 2022.

“BSP Financial Group has a long standing relationship with the Certified Practicing Accounts (CPA) of PNG and is pleased to continue that by supporting the annual CPA PNG Conference for another year,” says BSP Head of Financial Reporting, Douna Vaname.

BSP Financial Group Limited (BSP) joins in commemorating the country’s 48th Independence anniversary this week.

Homegrown bank, BSP Financial Group Limited is pleased to support PNG’s oldest cultural show - the Goroka Show with a silver sponsorship of K20, 000.

BSP Financial Group Limited (BSP) will offer Saturday banking at selected Retail Branches nationwide commencing on Saturday 9th September, 2023.

BSP Financial Group Limited (BSP) is set to begin a significant functionality enhancement rollout on all its EFTPoS and ATM services.

BSP Financial Group Limited (BSP) is aware of recent messages circulated on WhatsApp forums and social media that makes various allegations about unauthorized activities claimed to involve BSP or Government officials. 

With a focus on improving staff development and capabilities, BSP remains committed to investing in its greatest asset – its human resources.

BSP’s Financial Literacy program continues in selected schools in partnership with our community partner, NRL Club, Brisbane Broncos.

BSP Financial Group Ltd (BSP) has come on-board to provide vital funds to support under privileged children with no formal education.

Mt Hagen Show attendees will be offered something different this weekend - banking services from Saturday 19th to Sunday 20th August, 2023 - at the Queens Park Oval as part the BSP Financial Group Limited (BSP)’s support for the event.

BSP has a long banking history with the people of Papua New Guinea dating back to 1957.

BSP Financial Group Limited (BSP) is proud to provide K30,000 in sponsorship to the much-loved Enga Cultural Show.

In efforts to preserving and promoting cultural heritage, BSP Financial Group Limited (BSP) has pledged in K30, 000 to the Sepik River Crocodile and Arts Festival scheduled for 5th – 7th August 2023, in Ambunti District, East Sepik Province.

Recently BSP Financial Group Limited (BSP) took a decision to cease its relationship with one of its customers. BSP has allowed the customer time to make alternative arrangements before its relationship with BSP is concluded. The reasons for BSP’s decision are known to the Bank of Papua New Guinea and the Financial Analysis and Supervision Unit and have been communicated to members of government.

BSP Financial Group Ltd (BSP) remains committed as an advocate against family, sexual and gender based violence.

Manam Islanders in Madang Province will now save a K100 round trip to Madang Town to access banking services following the commissioning of its first BSP Cash Agent early this week.

“Promoting and preserving our culture through community engagement and youth empowerment ensures our cultures are kept alive for future generations and continues to unite Papua New Guinea,” says BSP Kokopo Branch Manager Kalat Tiriman.

BSP Financial Group Limited (BSP) is pleased to continue its support for the PNG Cancer Foundation (PNGCF) Trupla Man Outreach Prevention & Education Program this year with another K20, 000.

BSP Financial Group Limited (BSP) continues to bank its support for sports in PNG when presenting a cheque of K73,425 to the PNG Paralympic Committee for the 2023 World Para Athletics Championships in July, in Paris, France.

BSP Financial Group (BSP) Chairman Robert Bradshaw paid tribute to Sir Kostas Constantinou, who recently passed away.

In promoting sustainable production and awareness on environmental impacts consumption patterns in the National Capital District (NCD) and PNG, BSP has reaffirmed its support as naming rights sponsors for the 5th consecutive year to the Port Moresby Nature Park 2023 Trash to Treasure Sculpture Festival in Port Moresby.

‘Solutions to plastic pollution’ is the theme for this year’s World Environment Day and BSP Financial Group as the green bank is pleased to align this theme with its annual Trash to Treasure Sculpture Festival.

BSP Financial Group Limited (BSP) continues to support junior school sports programs when presenting a K40,000 cheque to the Rabaul Rugby League Association (RRLA) in support of the Rabaul School Rugby program.

“Business sentiment is robust following the announcement of the Papua LNG project reaching the front-end engineering and design (FEED) phase and Porgera’s resumption progress announced by Barrick CEO in early April,” according to the BSP Quarter 1 2023 Economic Insight report.

BSP Financial Group Limited (BSP) has appointed Nuni Kulu as the new Group Chief Operating Officer (GCOO) on Wednesday 26th April, 2023, making Ms. Kulu the first Papua New Guinean woman to have this leadership role in its history.

“As of 1st May, 2023, seventy-five percent of funds have been repaid by customers who have overdrawn their accounts in April, with an outstanding balance of less than K2.0m expected to be repaid over the next few weeks. For customers who experienced an issue with their account balance, we have now verified all accounts and confirmed account balances are correct,” said BSP Group CEO Mark Robinson.

“Lower commodity prices and the delay in Porgera’s resumption is expected to prolong distress in PNG’s foreign exchange market,” according to the BSP Quarter 1 2023 Economic Insight report.

BSP would like to thank customers for their patience, after a technical issue impacted account balance availability, system connectivity and batch payments, which has resulted in some customer payroll payments and other payments being delayed.

“BSP acknowledges that many of our customers have been inconvenienced with delays to their banking services, receiving payments and interruptions accessing account information. BSP is addressing our technical issues and improving our operations under our new Banking System”, said BSP Group CEO Mark Robinson.

“BSP would like to thank our customers for their patience and understanding while we address some technical issues that have impacted our service standards”, announced BSP Group CEO Mark Robinson.

BSP ATMs, EFTPoS and Online Purchase Services will remain operational throughout the Easter weekend, except for only three (3) hours from 12:01am to 3:00am on Friday 7th April, 2023.

BSP Financial Group Limited (BSP) continues to drive the SME sector in the country by assisting local businesses expand, generate revenue and create more employment through the various SME Loan Products it offers.

BSP Financial Group Limited (BSP) with support partner Cricket PNG (PNG), launched the BSP School Kriket program in Lae at the Eriku Oval to kickstart the program for schools throughout the country.

“BSP Financial Group Limited (BSP) is not associated with any online investment or scam activities and will not be liable for any transactions with any such individual, groups or associations.”

BSP Financial Group Limited (BSP) recognises the importance of women in our societies and is proud to be an inclusive employer for its 4,600 plus staff.

BSP Financial Group Limited (BSP) reopened its Porgera sub branch on Tuesday 7th March, 2023, after a year of closure due to security issues in 2022 that forced the branch to close.

BSP delivers a record K1.136 billion underlying profit, with BSP’s statutory profit reducing to K1.081 billion once the impacts of the new PNG government taxes are applied. Consequently, BSP’s shareholders K1.74 full year dividend was only marginally higher (0.6%) than the prior year’s K1.73.

“BSP Financial Group Limited will migrate to the new Core Banking System – Flexcube in April 2023,” says BSP Acting Group CEO Ronesh Dayal.

In developing and identifying young and local sporting talents, BSP Financial Group Limited (BSP) has pitched in K19,000 to the Port Moresby Men’s Softball Association as naming rights sponsors of the “2023 Liklik Softball” competition for junior softballers in Port Moresby.

Foreign exchange turnover growth was driven by both increased BPNG interventions and higher receipts from commodity exports.

BSP Financial Group Limited (BSP) is the first corporate organization to throw its support behind the Motu Koita Assembly in hosting the 2023 Hiri Moale Festival.

“Business and consumer confidence continued to improve during the final quarter of 2022, with anecdotal evidence across a broad section of our retailers and hotel operators experiencing record pre and post-Christmas sales activity”, said BSP Group GM for Corporate Banking, Peter Beswick.

“We understand that a lot of our customers cannot make it to our branches during week days to pay for school and tertiary institution related fees therefore BSP, as in past years, has allowed for selected BSP Branches to be open on Saturdays for ‘Back-to-school’ needs, commencing this Saturday 21st January, 2023,” announced Deputy General Manager for Retail – Sales and Customer Service Delivery, Peter Komon.

Papua New Guinea's economy through the course of 2022, has experienced higher levels of activity post the COVID-19 period. To maintain this shift in momentum, government needs to accelerate foreign direct investment (FDI) in 2023.

“In our continued efforts to improving our ATM services, BSP is installing 120 new ATM machines and is working to ensure our ATMs are available for customers to easily access cash,” says BSP Retail Group General Manager Daniel Faunt.

BSP continues to serve its customers through branch expansions and today, Wednesday 21st December, 2022, soft launched its ninth branch in the National Capital District.

Thirty-eight (38) participants comprising of BSP SME customers and BSP staff recently completed a two week training on understanding the different aspects of businesses and how to grow them.

Amid the countless challenges in the rural communities, BSP Financial Group Limited (BSP) continues to maintain and provide not just the banking services but the much needed support to communities which it operates in through BSP’s Community Projects each year.

The BSP Board has announced the appointment of its current Group Chief Financial Officer (CFO) Ronesh Dayal as Acting Group Chief Executive Officer (GCEO), effective 1st January, 2023.

BSP Financial Group Limited (BSP) has restored banking services in Henganofi District in Eastern Highlands Province yesterday (Tuesday 29th November, 2022), after weeks of shutdown following a breaking and entering of the sub branch on Tuesday 1st November, 2022.

Air Niugini and BSP Financial Group (BSP) customers can now book and pay for airline tickets instantly and securely online without using their BSP Cards via BSP Pay online payment option.

BSP Financial Group Limited has been recognised by the PNG Human Resources Institute (PNGHRI) and awarded one of the two Best Performing Private Sector Organisations with Best Practices in its Human Resources & Information System – iChris.

BSP Financial Group Limited (BSP)’s sub branch at Navo in West New Britain Province was broken into over the weekend with significant damage caused to BSP property. BSP Navo was set up to assist the local community who otherwise would have had to travel to Bialla, which is one hour out, by road.

BSP Financial Group Limited (BSP) Presented K22, 000 to the Port Moresby General Hospital Cancer Ward today (Friday 18th October, 2022) at the BSP Waigani Head Office in Port Moresby.

Pacificana a Local MSME has partnered with BSP Financial Group Limited (BSP) through registering as a BSP Mobile Merchant. Customers can now order and pay using Pacificana’s BSP Merchant Code 56997.

BSP Financial Group Limited (BSP) has served in K50, 000 to Papua New Guinea Volleyball Association to host the 2022 National club championships scheduled from November 8th – November 11th, 2022.

BSP Financial Group Limited (BSP) continues to strengthen its presence and relationship in Morobe Province through the opening of its Eriku Branch in Lae today (Thursday 3rd November, 2022).

BSP Financial Group Limited (BSP) understands that Family Sexual Violence (FSV) is the most prevalent form of gender inequality that affects households and communities, and spans across workplace and generations.

BSP’s strong business performance across the Group was maintained in the third quarter of 2022, with Group net profit after tax of K672m, compared to K699m for corresponding 2021 period. This sound performance was achieved notwithstanding BSP having expensed the Additional Company Tax (ACT) payment of K190m, which was introduced this year.

BSP Financial Group Limited (BSP) launched its inaugural awareness campaign on financial abuse today (Thursday 27th October, 2022.)

BSP Customers in one of the most remote areas of the country - Telefomin District in West Sepik Province will have improved banking services, in mid-2023 once BSP’s upgrade of the sub-branch to a Hybrid Branch is complete.

BSP customers who are registered Vodafone SIM Card holders can now access Mobile Banking services on BSP Mobile Banking USSD Platform *131#.

“Firmer commodity prices have offset lost foreign exchange market inflows from the closure of the Porgera Gold Mine after Barrick inflow decreased by 75%,” According to the BSP Quarter 3 Economic Insight report.

Many businesses and individuals are being affected by the increased cost of business and increased cost of living with Consumer Price Index (CPI) inflation in PNG at 5.5% at the end of the June quarter, and the Bank of PNG (BPNG) forecasting 6.0% inflation for the year 2022.

“The Prime Minister and Hon. James Marape’s opening address at the 11th Parliament session on “Restructuring Governance and Real Development Outcomes” was well received by the market,” said BSP Group General Manager for Corporate Banking, Peter Beswick.

BSP Financial Group Limited (BSP) remains committed to giving young swimmers in PNG the opportunity to progress further in competitive swimming and representing the country internationally.

A SME owner has thanked the BSP Financial Group Limited for collaborating, recognising and acknowledging SMEs efforts, especially women in business who continue to break barriers and create opportunities for other local businesses.

The BSP Financial Group’s Limited (BSP) Community partners and Australian professional rugby league club, the Brisbane Broncos Management and a few current players are in the country for few days visit as part of their community engagement drive with BSP.

Personal Account opening, registrations for Mobile and Internet Banking and Cash Agent awareness will be among services offered this weekend at the BSP Stall during the 59th Morobe Show.

October is women’s health awareness month under the Pinktober global health campaign and BSP Financial Group Limited as a responsible corporate organisation also joins others to champion this worthy cause in the community.

BSP Group CEO Robin Fleming is among five Papua New Guineans who have been accorded the honorary title of Professor by the University of Papua New Guinea’s School of Business and Public Policy for their contribution to the country as well as standing in the community.

Providing a revitalized facility for children to study stimulates an encouraging learning environment for children,” says Head of BSP Credit Inspection, Mukesh Madho when handing over a completed refurbished project by Group Compliance team to Callan Resource Center Services Special School for Children with disabilities in Gerehu last Thursday 22nd September, 2022.

Western Highlands Province will now have two fully serviced branches come July 2023, thanks to the BSP Financial Group Limited (BSP).

Clinics and Health facilities play a critical role in providing primary health care services however the challenge most facilities face is maintenance – an aspect BSP Financial Group Ltd has been able to address in a community through its Community Projects.

Fifty years on since its establishment, the students of Kuriva Primary School along the Hiritano Highway in Central Province now have a Basketball Court for Physical Education lessons, thanks to BSP Financial Group’s 2022 Community Project.

In an effort to create more public awareness of its ATM operations, BSP conducted an ATM information awareness session on Tuesday 20th September 2022, with members of the mainstream media in Port Moresby.

The BSP Finance PNG team has handed over a refurbished hoary old building at the Bomana Correctional Facility that housed the jail clinic, welfare office, Chaplain’s Office, the Main Prison Food Storage room and the Office of the Officer In Charge of the Bomana Correctional Service Institute in Port Moresby.

For the second year running, BSP Financial Group Limited continues its support to the monthly POM City Market with a Bronze Sponsorship of K10,000.

The Santos PNG Orchids will be traveling to Australia on Wednesday 21st September, 2022, for the upcoming Prime Minister's XIII match against the Australian Jillaroos. The match will be played on Sunday 25th September, 2022.

Mothers at Port Moresby General Hospital’s Post Natal Ward will now have access to an additional ablution block after it refurbished by three (3) of BSP Financial Group Limited’s (BSP) Strategic Business Units.

GoFood (PNG), an online food delivery service recently partnered with BSP Financial Group Limited to launch their GoFood (PNG) Mobile App for customers to order and pay for goods and services.

BSP Financial Group Limited (BSP) is in the process of filing a new application in the Supreme Court under Section 18 (1) of the Constitution to declare the amendments to the Income Tax Act, which introduces the “Additional Company Tax”, as unconstitutional, according to BSP CEO, Mr Robin Fleming who re-iterated that it has always been BSP’s intent to challenge the Act. BSP is also challenging those amendments that impose a Market Concentration Levy.

BSP Financial Group Limited (BSP) continues to be an advocate for women and girls in communities when partnering with Queen Pads PNG to support its work and product distribution.

“The historical Mt Hagen Show is on again this weekend (Saturday 20th to Sunday 21st August, 2022) and BSP Financial Group is proud to be supporting the show as Bronze sponsors,” said BSP Mt Hagen Branch Manager Theresa Pilamp.

The strong underlying business performance across the Group reported in the first three-months of 2022 was maintained in the second quarter, resulting in an increased first-half 2022 Group net profit after tax of K586m, compared to K449m for the corresponding 2021 period. After adjusting for the Additional Company Tax of K190m, the Group’s net profit reduced to K396m.

A feast of cultural festivities was successfully held over the weekend in Wabag Town – featuring showcase of sing sings, rituals, flora and fauna, the Enga-Made Expo and even banking services by BSP Financial Group Limited’s (BSP) Wabag Branch.

Patient health care will be improved at the Wabia Rural Health Centre in the Komo Huli District of Hela Province following the refurbishment of the facility and donation of medical equipment by BSP Financial Group Limited.

BSP Financial Group Limited (BSP) continues to support sports and women empowerment in communities while promoting local talents at an international level.

In the hope to aid students maximise their access to greater study materials, BSP Life PNG Limited (BSPL) donated two new computer sets and three Wi-Fi-routers to Koiari Park Adventist Secondary School, with access to free e-learning material to supplement the knowledge and skillsets for these students.

BSP Financial Group Limited (BSP) has been forced to shut the doors of four if its branches in the Highlands and Momase regions following security concerns, mostly related to the 2022 National General Elections. Porgera branch in Enga, Koroba Hybrid Branch in Hela, Chuave Sub Branch in Simbu, and Kabwum and Mutzing Sub Branches in Morobe all remain closed. The operations of BSP Mendi Branch in Southern Highlands has also been disrupted in the past week.

BSP Financial Group Limited has been thanked for recognising the rights of children with special needs and enabling access to education through one of three refurbished classrooms at the Gababaga Primary School in Central Province.

Buk Bilong Pikinini (BbP) and BSP Financial Group Limited (BSP) yesterday (Thursday 03th August, 2022), launched the 8th Series of the 13th Editions of children’s book “When I Grow Up” at the BSP Port Moresby Branch.

BSP Financial Group Limited has announced changes to its variable rate lending products that will take effect on Thursday 1st September 2022.