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News & Announcements

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PNG Foreign Exchange Inflows Ease in Q1-24
Thursday, May 9, 2024

Foreign exchange (FX) inflows in the PNG market eased in the first quarter of 2024, due to lower Central Bank (BPNG) intervention and exporter inflows.

Investment sentiment shaken by law and order issues and high cost to business
Wednesday, May 8, 2024

Investor confidence is affected by law and order, Foreign Exchange shortages and heightened inflation, according to BSP’s Quarter 1 2024 Pacific Economic & Market Insights report.

Inflation remains a key concern in BSP’s Pacific Markets
Monday, May 6, 2024

Inflation is stable but remains elevated and on a slightly upward trajectory across our Pacific Markets.

Digitising Revenue Collections
Friday, May 3, 2024

BSP in partnership with Department of Finance announced the rollout of the Government of PNG (GoPNG) Electronic Receipts for payment of Government Services to improve payment experience, simplify validation of payments to government entities, and enhance oversight of revenue collection by the Department of Finance.

BSP gives junior high school a Computer lab
Tuesday, April 30, 2024

Students of Evedahana Junior High School outside Port Moresby now have a computer lab for their Information Technology classes - a timely assistance from BSP Financial Group Limited’s annual Community Project.

Students encouraged to have bank accounts
Monday, April 29, 2024

More than 3,800 students of Wardstrip Primary School – one of NCD’s most populous schools have been encouraged to create a bank account and partner with BSP Financial Group for their life goals.

BSP gives back to Madang through DWU’s Coronation Campus
Wednesday, April 17, 2024

Flexible Learning Students of Divine Word University’s Coronation Campus in Madang now have an additional study facility thanks to BSP Madang Branch’s annual Community Project.

BSP resumes banking services in Porgera
Monday, April 15, 2024

“Porgera and other resource investments are important economic activities and BSP is pleased to return banking services to the mining township,” says BSP Daniel Faunt, Group General Manager Retail.

BSP addresses school’s sanitation challenge in Maprik
Thursday, April 11, 2024

BSP’s annual Community Projects continue to assist schools and the communities it operates in, to address their sanitation challenges.

BSP Mt Hagen Renovates Togoba Secondary School Administration Block
Tuesday, April 2, 2024

Providing a revitalised facility for teachers and students to study stimulates an encouraging learning environment for children,” says BSP Mt Hagen Branch Manager Theresa Pilamp when handing over the completed refurbished administration block to Togoba Secondary School recently.

BSP assist school become digitally inclusive
Wednesday, March 20, 2024

Students of La Salle Technical Secondary School in NCD are now equipped to be digitally inclusive, thanks to BSP Corporate team who recently came to the school’s assistance.

BSP inspiring inclusion in the workplace
Friday, March 8, 2024

BSP Financial Group Ltd, joins the celebration of the 2024 International Women’s Day (IWD) to #INSPIREINCLUSION across its workforce in PNG and the Pacific market in which it operates.

BSP continues support for Hiri Moale festival
Friday, March 1, 2024

BSP Financial Group Limited (BSP) is pleased to announce the bank will continue to support the Hiri Moale Festival, with a K100,000.00 donation to the organisers of Port Moresby’s premier cultural event.

BSP delivers K890 million profit for FY23
Wednesday, February 21, 2024

The BSP Financial Group announced a net profit after tax (NPAT) of K890 million and declared a final dividend of K1.06 per share, payable on 22 March 2024, bringing the full year dividend for FY23 to K1.43 per share.

Joint Media Statement on Settlement of Litigation regarding Additional Company Tax
Tuesday, February 20, 2024

Sam Koim, OBE, Commissioner General of the Internal Revenue Commission (IRC), and Mark Robinson, Group Chief Executive Officer of BSP Financial Group Limited (BSP) are pleased to announce that a settlement of the Supreme Court judicial review of the PNG Government's imposition of the Additional Company Tax has been reached.

Graduates embrace Corporate World
Wednesday, February 14, 2024

In constantly seeking innovative ways to stay ahead, and promoting growth and opportunities, BSP continues to invest in providing opportunities for young and aspiring graduates through its Graduate Development Program (GDP).

BSP continues to support POM City Markets
Monday, February 12, 2024

Small businesses are an integral part of local economies and communities. While the thriving informal markets is essential for economic growth, they remain the largest underserved market most times.

Increased BPNG FX intervention boosts FX market turnover in Q4 2023
Thursday, February 8, 2024

Foreign Exchange (FX) market turnover in the December quarter rose 21.4%, from the September quarter to K14.5 billion, supported by increased FX intervention (K1.9 billion) from the Central Bank (BPNG).

Socio-economic issues affect business confidence
Wednesday, February 7, 2024

For the greater part of the year, rising law and order issues and service disruptions muted business confidence, according to BSP Financial Group’s Quarter 4 of 2023 Pacific Economic & Market Insights report.

Investor confidence is key to capitalise on economic prospects
Tuesday, February 6, 2024

The country has a lot of upside potential for economic growth and employment with the slate of resource projects and scale of government investment in the near term. However maintaining investor confidence is key to maximising economic benefit from growth.

BSP disappointed over ATM vandalism
Tuesday, February 6, 2024

The vandalism of four (4) BSP Mendi Branch ATMs in Mendi Town will continue to disadvantage the Southern Highlands People.

BSP reaffirms support to Queen Pads Limited
Wednesday, January 31, 2024

BSP will continue supporting QueenPads PNG to empower young girls in the rural schools by enabling their access to basic and environmentally friendly sanitary products for their special days.

BSP Capital Delivers New Infusion Pumps to POMGen
Tuesday, January 30, 2024

In assisting nurses and doctors providing quality nursing care, BSP Capital – a Subsidiary Business arm of BSP, delivered 12 new Infusion Pumps to the Port Moresby General Hospital (POMGen).

BSP Grants 90 Day Extension to Puma to Complete Bank Transfer Process
Friday, January 26, 2024

At the request of the PNG Government, BSP Financial Group Limited (BSP) has agreed to provide Puma a further 90 day extension from the 8th of March, 2024, for the closure of its accounts.

BSP responds to media reports regarding Puma
Tuesday, January 23, 2024

BSP wishes to clarify key facts in response to reports in the newspapers dated Monday 22nd January, 2024, regarding Puma Energy.

BSP Donates Medical Items to Sir Buri Kidu Heart Institute
Thursday, January 18, 2024

The BSP Financial Group Limited (BSP) - People and Culture Team has donated medical items worth close to K30,000 to the Sir Buri Kidu Heart Institute at the Port Moresby General Hospital today (Thursday 18th January, 2024).

BSP Donates to Tembari Children's Care (TCC) Inc
Friday, December 22, 2023

It was a joyful moment for the needy children at the Tembari Children’s Care yesterday (Thursday 21st December, 2023) when visiting the BSP Head Office to share their Christmas.

SME Training upskills and empowers local business woman
Thursday, December 7, 2023

Elizah has transformed her approach to managing her shops' finances by participating in YES Grow, a business development program by BSP Financial Group Limited SME Team and Australian Business Volunteers (ABV). Thanks to this training, she now understands book keeping fundamentals and how to monitor her shop's daily earnings.

BSP Continues Support to Life PNG Care 7th Annual Charity Ball
Wednesday, December 6, 2023

In Aligning BSP’s Charity focus on improving the lives of underprivileged children, BSP Financial Group Limited (BSP) has donated K10, 000 to PNG Life Care Inc. in Port Moresby to host its 7th Annual Charity Ball.

BSP gives facelift to school ablution block
Tuesday, November 28, 2023

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 driving ‘Go Green Campaign’ in schools
Friday, November 10, 2023

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.

BSP continues to support Operation Open Heart, 23 years on
Thursday, November 9, 2023

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

Inflation Remains a Concern for Importers
Monday, October 30, 2023

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 and the Australian Business Volunteers (ABV) join forces to train local SMEs
Friday, October 27, 2023

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 maintains its growth momentum, with revenue growing by 6.7% to K2.05 billion for the nine months to September 2023
Monday, October 23, 2023

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 continues to support CPA Conference
Thursday, September 21, 2023

“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 contributing to nation building
Thursday, September 14, 2023

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

BSP backs PNG’s oldest cultural show – the Goroka Show
Monday, September 11, 2023

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 to Open Selected Branches for Saturday Banking
Wednesday, September 6, 2023

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

BSP commence roll out of the American Express Cards on Merchants
Friday, September 1, 2023

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

Response to Social Media Post about "BSP - Syndicate"
Monday, August 28, 2023

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. 

BSP Takes Out Top Honors from Torrens University Australia at IBBM Graduation
Thursday, August 24, 2023

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

BSP Rabaul runs Financial Literacy Training in schools
Wednesday, August 23, 2023

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

BSP gets behind ANCOP’s global walk
Friday, August 18, 2023

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

BSP offers banking services to Hagen show goers
Wednesday, August 16, 2023

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.

Media Statement
Thursday, August 10, 2023

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

BSP supports Enga Cultural Show
Thursday, August 10, 2023

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

BSP Continues Support for Sepik River Crocodile & Arts Festival with K30, 000
Thursday, August 3, 2023

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.

BSP’s Regulatory and Legal Obligations
Thursday, July 27, 2023

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 partners with Grass Skirt Project to address FSV and GBV
Friday, July 21, 2023

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

BSP commissions first Agent on Manam
Friday, July 14, 2023

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.

BSP supports National Mask and Warwagira Festival
Thursday, July 13, 2023

“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 Continues Support for Cancer Foundation - Trupla Man Outreach Prevention Program
Thursday, July 6, 2023

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 Supports Paralympian Athletes with over K73,000
Monday, July 3, 2023

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.

In Tribute to Sir Kostas Constantinou
Monday, June 19, 2023

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

BSP Increase Support for Trash to Treasure Sculpture Festival
Wednesday, June 14, 2023

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.

Green bank advocates recycling this World Environment Day
Monday, June 5, 2023

‘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 Reaffirms Support for Rabaul Rugby
Friday, May 26, 2023

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.

Medium-term outlook remains optimistic
Wednesday, May 3, 2023

“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 appoints Nuni Kulu as first Female GCOO
Tuesday, May 2, 2023

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.

Seventy five percent of overdrawn accounts settled
Tuesday, May 2, 2023

“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 to reduce Foreign Exchange (FX) Inflows
Tuesday, May 2, 2023

“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.

New Banking System Implementation Update | Thursday 20 April
Thursday, April 20, 2023

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.

New Banking System Implementation Update
Monday, April 17, 2023

“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, New Banking System Implementation Update
Friday, April 14, 2023

“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 available All Easter Weekend
Wednesday, April 5, 2023

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 assists more than 2600 SMEs
Monday, March 20, 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 Launch School Kriket Program in Lae
Monday, March 13, 2023

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 not associated with online money scams
Monday, March 13, 2023

“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 #EmbraceEquity in management roles
Tuesday, March 7, 2023

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 Reopens Porgera Sub Branch
Tuesday, March 7, 2023

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 K1.136b underlying profit for FY2022
Wednesday, February 22, 2023

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.

New BSP Banking System Implementation
Monday, February 6, 2023

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

BSP Pitched in K19,000 for the ‘2023 Liklik Softball’ Program
Thursday, January 26, 2023

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.

PNG FX Market Turnover increases in 2022
Friday, January 20, 2023

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

BSP gives K30, 000 for Hiri Moale Festival
Thursday, January 19, 2023

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.

Confidence improves despite high inflation
Thursday, January 19, 2023

“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.

BSP Saturday ‘Deposits’ for School Fees
Thursday, January 19, 2023

“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.

Accelerate Foreign Direct Investments (FDIs) in 2023 to sustain PNG’s economic recovery
Wednesday, January 18, 2023

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.

BSP replacing 120 ATMs
Tuesday, January 17, 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 opens Lending Centre in NCD
Wednesday, December 21, 2022

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.

BSP SMEs undergo development training
Thursday, December 15, 2022

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.

BSP, more than a bank.
Friday, December 2, 2022

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.

BSP CFO appointed Acting Group CEO
Thursday, December 1, 2022

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 Restores Banking Services at Henganofi Sub-Branch
Wednesday, November 30, 2022

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.

ANG to Accept BSP Pay for Ticket Purchase Online
Wednesday, November 23, 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 a Best Performing Private Sector Organisation
Wednesday, November 23, 2022

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 Navo Sub-Branch indefinitely closed
Wednesday, November 23, 2022

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 Supports Port Moresby General Hospital Cancer Ward
Monday, November 21, 2022

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 accepts BSP Mobile Merchant Payments
Friday, November 4, 2022

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 Supports National Volleyball Championships as Naming Rights Sponsors
Thursday, November 3, 2022

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 opens new Eriku Branch Doors
Thursday, November 3, 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 Continues to be an Advocate against FSV
Tuesday, November 1, 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 records NPAT of K672 million in Q3 of 2022
Thursday, October 27, 2022

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 launches Awareness campaign on Financial Abuse
Wednesday, October 26, 2022

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

BSP Telefomin Hybrid Branch ground breaking
Wednesday, October 26, 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.

Vodafone on BSP Mobile Banking platform *131#
Tuesday, October 25, 2022

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

High Commodity Prices to Support Foreign Exchange (FX) Inflows, says Top Banker
Tuesday, October 25, 2022

“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.

BSP Supports BPNG’s Monetary Policy Stance to Address Inflation
Monday, October 24, 2022

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.

Business Confidence Improved
Thursday, October 20, 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.

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