News & Announcements

‘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.

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.

A newly refurbished Tubusereia Health Centre will now provide an improved and friendlier environment for the lone health worker Sr. Nancy to treat patients in and around Tubusereia village.

After years of lying in a deteriorating state, Tong Islanders in Manus now have a refurbished Aid Post where they can access medical services, thanks to BSP Lorengau Branch’s 2022 BSP Community Project initiative.

An innovative online marketplace - FindrPNG, now able to facilitate payments efficiently between service providers and respective customers after onboarding BSP Online Payment system on its platform.

A donation assistance by the BSP Financial Group Limited (BSP) will see the Operation Open Heart Foundation (OOH) continue its program in providing surgical heart operation assistance to the people of Papua New Guinea.

Sports and Social development is one of the key areas in which BSP Financial Group Limited supports and gives back to the community and the bank is pleased to support one of its long-time partners – the POM Racquets Club.

“Foreign Exchange (FX) market inflows gained momentum in June Quarter. FX inflows are expected to seasonally taper in September Quarter, and outstanding FX orders build-up again,” says BSP Group General Manager – Treasury, Rohan George.

The reopening of the Porgera Gold Mine will be a catalyst for continued growth post-COVID despite it currently being on hold due to a delayed stakeholder sign off on the Porgera Project Commencement Agreement and Shareholder Agreement.

The price of goods and services have continued to increase since the second quarter of 2021, with Consumer Price Index (CPI) rating closing the first quarter of this year at 6.9 percent – the highest level rating since 2010.

Hela Rural Development Foundation (HRDF) in partnership with BSP Financial Group Limited (BSP) has begun the shift to receiving digital donations on their website through the Online Payment Gateway system.

BSP Financial Group Limited continues to establish Cash Agents in the communities, reaching the unbanked and driving financial inclusion for people in rural communities.

An unspoken need for maintenance by a clinic in Port Moresby was recently fulfilled, along with the 16,000 plus patients that it services annually, by BSP Financial Group Limited (BSP) Boroko Branch.

The BSP Financial Group Limited’s (BSP’s) most successful junior sport development program, BSP School Kriket Program has accomplished its second quarter of the NCD School Kriket Blast at the Amini Park in Port Moresby today (Tuesday 21st, June, 2022).

Childhood is the best time to teach kids about money. Teaching your children how to manage their money from an early age could help them to develop a healthy relationship with money.

Jack’s of PNG Retail Shop has now made available online payment for goods and services via the BSP Internet Payment Gateway.

Blackout and power outage will no longer disrupt classes or printing of materials for classes at Lealea Primary School, thanks to BSP’s 2022 Community Project.

BSP Financial Group Limited (BSP) in partnership with Port Moresby Nature Park has launched the BSP Trash to Treasure Sculpture Festival in Port Moresby that will see 5 weekends of classic displays of sculpture created from trash.

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 Go Green Campaign began in 2009 as an environmental initiative under BSP’s Corporate Social Responsibility program that is promoted through BSP branches in PNG as well as offshore branches in the Pacific.

Small and Medium Enterprises (SMEs) are also considered as the fundamental tool for economic growth; nevertheless, they face continuous challenges.

Yampu Health Centre in Wabag, Enga Province, is the latest beneficiary of the BSP Financial Group Limited (BSP) 2022 community project initiative in receiving essential medical equipment and a newly constructed waiting area for patients.

BSP Financial Group Limited (BSP) continues to assist Papua New Guineans acquire a home through its First Home Ownership Loan (FHOL).

BSP Financial Group Limited (BSP) has reaffirmed its support as naming rights sponsors for the 4th consecutive year to the Port Moresby Nature Park 2022 Trash to Treasure Sculpture Festival in Port Moresby.

Gaire village now has a BSP Cash Agent.  BSP customers in Gaire can now save K12 from the round trip to Port Moresby to perform basic banking transactions.

Small retail and hospitality businesses in Papua New Guinea are moderately engaging in the new approach of fast and transparent payment solutions through the BSP mobile banking platform *131# for an ease of payments.

BSP Financial Group Limited has closed its Padipadi Sub-Branch in Alotau, Milne Bay Province indefinitely, following an attempted armed robbery on Thursday 12th May, 2022, by a gang of up to 20 criminals.

Students at the University of Papua New Guinea (UPNG) can now pay for their compulsory tuition fees online at their convenience through the BSP Pay Online Payment Solution.

BSP Financial Group Limited (BSP) and Cricket PNG (CPNG) officially launched the global award winning junior cricket development program the, ‘BSP School Kriket’, at the Amini Cricket Park last Friday May 6th, 2022 in Port Moresby.

BSP Daru branch was closed in the last 2 days, Monday 2nd and Tuesday 3rd May, 2022, due to ongoing and continuous power outages in the township.