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Brisbane Broncos relaunches BSP Financial Literacy Program to schools with BSP
BSP Financial Group Limited (BSP) with Community Partner and popular Australian NRL Club, Brisbane Broncos, joined hands to relaunch the BSP Financial Literacy Program for schools at the Ted Diro Primary School and St Joseph’s International College respectively today ( Wednesday 28th, July 2021), in Port Moresby.
Grand Stand for Enga Provincial Games
Enga Province will host its Provincial Games next month in style thanks to BSP Financial Group Ltd (BSP) ‘s timely assistance of a Grand Stand, built at the Mommers Oval in Wabag.
Shop Online with RH Hypermarket and pay without a Card!
RH Hypermarket is the 1st online shop to offer BSP’s new payment service – BSP Pay.
FX Market Liquidity Improves in June Quarter 2021
FX Market Liquidity improved in the June Quarter 2021, with FX market turnover rising 19.7%.
PNG Economy stabilises after recent government announcements
Economic growth is projected to accelerate to 4.2% in 2022 as PNG’s economy continues to recover from a pandemic induced recession in 2020 and with 2021 economic growth expected at 3.5%, although recent surge in Covid-19 cases poses a threat, announced BSP Financial Group Limited (BSP) in its Pacific Economic and Market Insight Quarter 2 of 2021 Report.
New desks to Ijika Primary School, Popondetta
“Education is the foundation of life and as a community bank, we understand the challenges in our communities and we give back where necessary through Education, Health and Sports as part of our annual community project initiative,” said Financial Group Limited (BSP) Popondetta Branch Manager Samuel Okti when addressing students and teachers of Ijika Primary School recently.
BSP Remains Committed to Supporting Rural SMEs
Rural small businesses are an integral part of local economies and communities. While rural communities need financial services the most, they remain the largest unserved market most times.
PNG Auditors Conference focusses on “Niupela Pasin Bilong Audit”
THEMED the “Niupela Pasin Bilong Audit,” the 16th PNG Auditors Conference is aimed at equipping internal auditors with tools to adapt to changes in their business and the business environment both locally and globally taking into account the challenges brought on by global pandemic, Covid-19.
Water tanks and desks for Western Province School
Western Province has one of the country’s largest land mass, covered by swampy areas. Transportation is either by road, on foot, over the water or only accessible by air. Western Province is a challenging area for businesses to operate in but that has not stopped BSP Financial Group Ltd (BSP) from serving the people of North, Middle and South Fly Districts through its Tabubil, Kiunga and Daru Branches.
BSP Aitape Upskilling people in Rural Communities
Seventy-Eight (78) Revival Centre Church members in Waunini Village were among the 1,300 people who participated in the BSP Financial Literacy Training (FLT) in Aitape this year.
Water PNG extends mobile merchant services to the Nation’s Capital
Water PNG customers in NCD can now pay for water bills in the comfort of their homes, office or anywhere using BSP Mobile Banking *131#.
BSP Pay - a component of PAU new website
Pacific Adventist University (PAU) is leading the way in providing students, parents and staff the option of making payments using BSP Financial Group Limited’s (BSP) Digital Payment solutions.
Paiam District Hospital gets assistance
It has been a tough year for the Porgera township and its surrounding communities. The onslaught of Covid -19 and the closure of the mine in the cold misty Porgera Valley was a challenge to many communities including businesses but BSP Financial Group Limited (BSP) – the only bank in the area continues to invest in the community.
A library for rural Mekeo School
“This facility will enhance and contribute to the education of our children. We are trying to meet the required infrastructure needed and BSP has come to our aid, said St Paul’s Day High School Chairman Joe Mega, during the handover ceremony of the school’s library on Saturday 26th June, 2021.
BSP Operates As Partners for People & Businesses
“BSP Financial Group Limited (BSP) is a key supporting partner and facilitator of the SME’s in the country. Offering a range of products and services that are customized to meet the banking needs of our people and SMEs,” this was the key message from BSP Deputy General Manager, Retail Sales & Customer Service, Peter Komon, who spoke to participants at the PNG SME Supply Chain Seminar, at the APEC Haus in Port Moresby.
Esrae Trading - 1st BSP Mobile Merchant in Enga
BSP Financial Group Limited (BSP) recently upgraded its mobile banking platform to make and receive payments for goods and services via BSP Mobile Banking *131#.
Agents extending access to BSP services
Eastern Highlands Province has eight Districts, seven of which BSP Financial Group Limited (BSP) services through its Branch Networks in Goroka Town, Kainantu and the Sub-Branches in Daulo, Henganofi, Lufa, Aiyura, Yonki and Okapa.
BSP supports CPA PNG conference with K50,000
BSP Financial Group Limited (BSP) has again supported the Certified Practicing Accounts (CPA) PNG Annual Conferences this year with a K50, 000 sponsorship. The first of the three conferences successfully concluded today, Thursday 24th June 2021, in Kokopo, East New Britain Province.
BSP assists PNG Mental Health Directorate with Video Conferencing equipment
BSP Financial Group Limited (BSP) has come to the timely assistance of the Directorate of Social Change and Mental Health Services with delivery of Zoom Video Conferencing Equipment. The equipment presented by the Bank through its yearly Community Project Initiatives will enable the directorate to reach more people across the country, conduct training and improve the access and quality of mental health Service delivery.
BSP Hosts BSP Pay Demo Session for SMEs
In continuing the awareness on the ‘BSP Pay’ platform, BSP Financial Group Limited (BSP) staged a demonstration session for its SME customers at the BSP Waigani Head Office on Thursday 17th June, 2021, with the aim of providing information on the benefits of the platform and how to register and use BSP Pay.
BSP makes learning comfortable for Arawa Primary School students
Grade 3 and 4 students of Arawa Primary School will no longer sit on the floor in class thanks to BSP Arawa Branch Team who handed over a refurbished classroom with new desks, making learning comfortable and easy.
Sola PayGo Expands Reach via BSP digital payment solutions
Collaborating with BSP Financial Group Limited (BSP), Sola PayGo has expand its reach in the rural areas of PNG through affordable products and ease of payments through the BSP digital payment solutions.
BSP Expands - Morobe Province to have six (6) Branches
BSP Financial Group Limited (BSP) continues to expand its footprint in PNG and the Pacific and aims to have its 6th branch open in the Morobe Province before the end of 2021. “This will strengthen our physical presence in Lae through our new Eriku Branch,” said BSP Group CEO Robin Fleming while on the recent FM100 Talkback Show in May.
BSP Reaffirms Support for Trash to Treasure Festival
BSP Financial Group Limited (BSP) has committed K40, 000 to reaffirm its support to the Port Moresby Nature Park as naming rights sponsors of the 2021 BSP Trash to Treasure sculpture Festival in Port Moresby.
BSP Unveils Refreshed Logo and Tagline
BSP Financial Group Limited (BSP) formerly known as Bank of South Pacific Limited has launched a new logo, simplified, more bold and dominant with a modern look and feel.
BSP Branches observe World Environment Day
Close to 300 tree seedlings were planted today, Friday 4th June, 2021, by BSP Financial Group Limited (BSP) , commemorating World Environment Day and associated activities with selected primary schools in NCD including Buk Bilong Pikinini Library Learning Centres in Lae, Goroka and Lorengau.
BSP continues to support Manus in education projects
Manus is one of 60 locations in PNG where BSP is the only bank but being the only bank in the Province has not limited BSP from delivering community projects apart from its traditional banking services. One of the main area of support has been towards schools.
BSP Stitched in K20, 000 for Fashion Week
BSP Financial Group Limited (BSP) sew in K20, 000 to PNG Fashion Week Limited to support the 2021 PNG Fashion week event in Port Moresby.
BSP’s ongoing talent development for staff career progression
BSP Financial Group Limited (BSP) recently celebrated the achievement of 17 employees who attained their Diploma in Business with Banking Electives from Torrens University (Australia) and Diploma in Banking and Finance from the PNG Institute of Banking and Business Management (PNGIBBM).
The South Pacific’s largest bank admitted to Australia’s ASX
PNGX listed BSP Financial Group Limited (BSP) has successfully joined the Australian Securities Exchange. BSP’s dual-listing will open up the company’s register to Australian investors and boost the liquidity of its shares.
BSP lights up Inu health Centre, Moro
“From lighting up a rural community’s health centre to disaster relief assistance and now responding to Covid-19 through the installation of Hand Wash Stations, BSP Moro remains committed to the community we operate in,” said BSP Financial Group Limited General Manager – Retail Daniel Faunt.
BSP supporting health and communities in SHP
For forty years since its establishment, Mongol Health Centre in Mendi, Southern Highlands Province, has not had any form of maintenance, until BSP Mendi Branch staff refurbished the facility and donated medical equipment to the tune of K25,000.
BSP, a finalist in the prestigious SP Sports Awards
BSP Financial Group Limited (BSP) is one of three finalists in the prestigious SP Sports Awards’ new award category - “Stan Joyce Award,” recognizing corporate businesses who contribute to the development of sports in PNG in 2019 and 2020 respectively.
MoU between BSP and DoF allows for Digital Payment
A Memorandum of Understanding (MoU) signed between BSP Financial Group Limited (BSP) and the National Department of Finance today, Friday 14th May, 2021, will enable a digital payment solution for the collection of non-tax revenue for the government.
Kimbe Cutters Commend BSP for Local Talent Development
“We are grateful to BSP for being part of the local talent development, not only as a sponsor, but being part of the team’s progress through financial literacy trainings, new account opening and guiding the players in making wise financial decisions,” said Kimbe Cutters Vice President Sydney Nuli upon receiving the K100,000 cheque sponsorship from BSP Financial Group Limited (BSP) on Friday 7th May, 2021.
Covid-19 continues to affect tourism driven economies
The Covid-19 pandemic continues to have a negative impact on businesses in the Pacific, particularly in c¬¬¬ountries where tourism plays a major role in the local economy despite the fact these countries were largely spared by the pandemic.
National Youth Essay Competition preps Grade 12 students
Grade 12 students in selected schools in PNG have been given the opportunity to prepare for their National Written Expression Exams by participating in the 3rd National Youth Essay Competition scheduled from 3rd to 17th May, 2021.
BSP Reduces Equity on SME Credit Enhancement Scheme Loan
Owners of Small to Medium Enterprises in Papua New Guinea can now access the National Government supported loan facility – SME Credit Enhancement Scheme Loan at the BSP Financial Group Limited (BSP) with a lower equity requirement and higher maximum loan amount effective immediately.
BSP Aitape, delivering more than banking, 40 years on
From humble beginnings near the banks of the Aitape river, BSP Aitape Branch continues to deliver banking services to the people of Aitape Lumi and West Sepik 40 years on.
BSP Reduces EFTPoS Merchant Fee
BSP Financial Group Limited (BSP) has waived EFTPoS Merchant Service Charge for Kundu Standard customers for purchases of goods and services less than K25.00 on BSP EFTPoS terminals.
Subdued 1ST Quarter FX Market Expected To Continue in 2021
The Kina is likely to continue its gradual fall against the U.S. Dollar, while a steady Australian dollar will see improved stability in the Kina/Australian dollar cross rate.
PNG Economy to rebound in 2021
PNG’s economic growth in 2021 is projected to recover at 3.5% while the global economy is projected to grow at double the rate at 6% - a big turnaround from the predicted -3.3% in 2020 when the world was hit by the Covid-19 pandemic.
BSP Supports Cheshire Fundraiser
BSP Financial Limited once again has picked up on a pledge to continue its support to the Cheshire DisAbility Services PNG with K10,000 as Silver sponsors of the annual Red Feather Fundraiser program.
Banking Services at Risk
The BSP Financial Group Limited (BSP) Management has expressed concerns on the recent breaking and entering of the BSP Banz Branch in Jiwaka Province.
BSP Reduces Top-up and EFTPoS Withdrawal Fees
BSP Financial Group Limited has announced a reduction on service charge and fee on Mobile Banking EasiPay Topup and Branch EFTPoS withdrawal by 50% respectively to enable even further affordable access for its customers.
Investing over K11 million through BSP Community Projects
BSP Financial Group Limited has invested over K11million to communities in PNG through its Community Project initiative, since 2009.
BSP achieves milestone in Vanuatu’s new banking System
BSP Vanuatu achieved a major milestone for its business on Monday 19th April, 2021, when its new Flexcube Banking System went live in Vanuatu, making it the first BSP operation to upgrade into this new system,” said BSP Group CEO Robin Fleming.
BSP supports the Sir Theo Foundation with K50, 000
BSP Financial Group Limited has upheld its support of a two-year donation deal to Sir Theo Foundation for the second year as a diamond sponsor to the programme.
BSP Supports Supply Chain Exhibition and Seminar
BSP Financial Group Limited (BSP) is delighted to continue supporting the SME Supply Chain Exhibition and Seminar this year with K20, 000 as Gold Sponsor for the event.
Employment Agency Magnum Consultancy Extends Reach using e-Commerce
Magnum Consultancy is the first employment agency service provider in PNG to accept online payments under BSP’s e-Commerce in April, 2021, giving the agency a competitive edge to serve its customers virtually via their website.
Focus on Alternative Payments through Mobile Technology
Wabag in Enga Province is deemed the least populous provincial capital in the country. It is situated on the Lai River and the Highlands Highway passes through the town between Mount Hagen and Porgera.
St Anne’s Primary School Gets New Playing Courts
“A school isn’t complete without a playground.”
BSP Commemorates 2021 World Earth Day
Bank South Pacific Financial Group Limited, formerly known as Bank South Pacific Limited is commemorating the annual World Earth Day among billions around the world.
BSP Launches BSP Pay – “No Card, Just Pay”
In recognising the rapid adoption and increasing trend of digital commerce in the region, BSP Financial Group Limited (BSP) is introducing the new digital payment service, BSP Pay, which allows any BSP account holder in PNG to make payments online securely and instantly, without the use of card details.
Margaret, one of a thousand Home Owner through BSP FHOS
BANK SOUTH PACIFIC (BSP) has funded loans with a total value of K144m, for over 1000 first home-buyers under the BSP First Home Ownership Loan (FHOS).
Compass Update for BSP Vanuatu customers
BSP continues with the planned upgrade of its core-banking system. However, due to ongoing technical issues, we are being challenged to meet our stated go-live date of April 6th. In order to minimise any disruption to our customers banking needs we have decided to shift our system upgrade to Monday 19th April, 2021.
Electronic Giving (eGiving) - A way forward for PNG Churches
The launch of ‘eGiving’ (electronic giving) in partnership with the PNG Adventist Church has introduced the first Papua New Guinea Church to make ‘eGiving’ accessible to its members across PNG and the World.
BSP shareholders approve company name change to BSP Financial Group Limited
BSP’s Chairman, Sir Kostas Constantinou (OBE), on Friday 26 March 2021, announced that BSP’s shareholders had approved the Bank of South Pacific Limited’s name change to BSP Financial Group Limited and some changes to the Constitution.
BSP Branches will remain open during four-week nationwide isolation period
“As PNG enters the four-week nationwide isolation period due to the surge in Covid-19 cases in the country, Bank of South Pacific Ltd as an essential service provider remains committed to its customers in ensuring continuity of services,” said BSP Group CEO Robin Fleming.
BSP: School fees can be paid via Mobile Banking
Bank South Pacific continues to lead the market in digital banking solutions, rolling out school fee payment via its BSP *131# Mobile Banking USSD platform.
BSP ATMs to be maintained and not shut down
BSP wishes to advise its valued customers that it is NOT and will NOT be shutting down any ATMs in the National Capital District or anywhere across its network due to unavailability of cash.
Three BSP ATMs Damaged over festive period
BSP confirmed today (Monday 4th January, 2021) that three (3) of its ATMs were damaged during the festive season including the one at Lorengau Hospital which was damaged by criminals on Friday 1st January, 2021, in an attempt to steal the cash.
BSP observes final Black Thursdays Campaign for the year
"All I can ask everyone is to be kind, for the person you meet maybe fighting a battle you know nothing about," said Alicia Sahib, Head of Support Services today (Thursday 31st December, 2020), when reflecting on her experience as a survivor of Family Sexual Violence and Gender Based Violence (FSV & GBV) during the closing of BSP's #BlackThursdays Campaign for the year.
Bismil joins BSP’s growing e-Commerce Ecosystem
Bismil Trading and Tailoring customers are walking into 2021 with the ease of payment online for all their work wear, safety gear and promotional item needs, thanks to Bank South Pacific's Internet Payment Gateway (IPG).
Bankers retire after 573 total years of service
Seventeen of BSP employees from the Retail Bank Strategic Business Unit who clocked 573 colourful years of service will call-it-a day at the end of today (Thursday 31st December, 2020).
BSP appoints new Director
Sir Kostas Constantinou, Chairman of the Board of BSP, announced the appointment of Frank Bouraga as a Director of Bank of South Pacific Limited.
BSP brings Cheer to Respite Home
Its Christmas! A time for giving and sharing with families and loved ones. Bank South Pacific staff from the Waigani Head Office managed to put a smile on the face of more than 200 not- so- fortunate children from the Links of Hope PNG, presenting them with gifts and food rations today (Thursday 24th December 2020).
BSP supports De La Salle with eLibrary project
Students of De La Salle Secondary School outside Port Moresby will commence the 2021 academic year with a fully kitted eLibrary - the second of such project by Bank South Pacific under its 'Digital Inclusiveness' themed Community Projects in 2020.
Modern security and ICT solutions for SMEs
Bank of South Pacific (BSP) is proud to announce the launch of online payment solutions for Tactical Ranger Systems (TRS), a local SME that specializes in providing innovative ICT solutions and valued added services to consumers and business in Papua New Guinea.
BSP ‘lights up’ PMGH’s labor ward
Bank South Pacific has met an immediate need of the Port Moresby General Hospital by 'lighting up' its Labor ward today, Thursday 17th December, 2020, after its only examination light went out of service.
BSP Empowers PNGHRI Conference with K15, 000
Bank South Pacific's backing to the PNG Human Resource Institute (PNGHRI) continues this year with a silver sponsorship of K15,000 towards the PNGHRI mini Conference which will take place today (Thursday 17th December, 2020) in Port Moresby.
BSP closes Kerema Sub-Branch due to theft
Bank South Pacific's Kerema Sub-Branch has been closed effective Monday 14thDecember, 2020, until further notice following a break and enter incident over the weekend.
A FREE mobile payment service for BSP SMEs!
Bank South Pacific (BSP) officially launched the BSP Mobile Merchant payments via BSP Mobile Banking *131#.
BSP assists school and clinic in Tokarara
Tokarara community in NCD received assistance to its Secondary school and clinic as Bank South Pacific's Branches and Business Units continue delivering 2020 community projects in the areas of Health and Education.
BSP receives loan applications to the value of K82.1million for SME Credit Enhancement Scheme
Bank South Pacific continues to receive a lot of interest under the SME Credit Enhancement Scheme since the SME Loan product was rolled out on 4th October, 2020," said the Head of SME Retail - Stanerd Wai.
‘Thank you BSP and people of PNG, it’s not good-bye, it’s lukim yu gen (see you again)’
"Remember its customer day today! Don't forget to smile under your mask even when you're on the phone." BSP Staff at the Waigani Head Office hear these lines every Wednesdays during morning briefings or 'scrum'.
Niugini Geeks, first ICT Company to join BSP e-Commerce family
Niugini Geeks in partnership with Bank South Pacific (BSP) has launched online payments on their website through the Internet Payment Gateway (IPG) system on Monday 15th June, 2020.
BSP Marks World Environment Day
Bank South Pacific (BSP) through its Go Green Program has been a catalyst in encouraging people to save and protect our environment from different environmental challenges the world is facing today.
New BSP ‘SME VISA Card’ launched
"BSP's new SME Business VISA Card uses contactless technology and security and can be used anywhere within PNG or the world where VISA is accepted", said BSP Group General Manager - Retail, Paul Thornton, when launching the new card.
BSP Farewells Ruha and appoints Dayal as New GCFO
"Having lived and worked in PNG for nearly 30 years, eight of which he served Bank South Pacific, Eddie Ruha has immensely contributed to the growth of the BSP Group through sheer dedication and commitment," said BSP Group Chief Executive Officer Robin Fleming, when announcing the departure of current BSP Group Chief Financial Officer (GCFO), Eddie Ruha.
BSP Final Dividend Announcement for 2019
Sir Kostas Constantinou OBE, Chairman of Bank of South Pacific Limited (BSP) today announced the final dividend for the year ending 31st December 2019.
School Fee Payments made easy with BSP Mobile Banking
BSP has seen a positive uptake of School Fee payments through BSP Mobile Banking #131 in the country recently.
BSP Highlights Impacts of COVID -19 on the economy
Today Bank of South Pacific Limited launched its quarterly Pacific Economic and Market Insights publication for Quarter 1 2020. The report highlighted the forecast impacts on economic growth across the region in the immediate aftermath of the global Covid-19 pandemic.
BSP Continues Supports for BbP Libraries
"Equipping children at an early age to read and write is fundamental to kick start a child's life," said BSP Group General Manager Retail, Paul Thornton, when announcing BSP's continued support to the Buk bilong Pikinini (BbP) Library Learning Centres in PNG.
BSP to Participate in Earth Day 2020
Bank South Pacific (BSP) is commemorating Earth Day as part of its Go Green Initiative on 22nd April, 2020.
BSP Supports International Day of Forest Poster Competition
In celebration of International Day of Forests, Bank South Pacific (BSP) has raised its hand to support the Poster Competition for schools in the National Capital district.
“The Best Man for the Job”- a woman’s perspective
By Alicia Sahib 'As a woman, coming from a predominantly male dominated industry of construction and transitioning into the banking sector made sense, when having a family became priority.'
BSP Supports PNGKF Inc. With Vehicle
PNG Kidney Foundation Inc commemorates World Kidney Day today (12th March, 2020), with Bank South Pacific donating a vehicle to assist with its operations.
Trainee: “My Training at BSP Boosted my Confidence”
"When people say BSP, I always think of tellers and money, but that was about to change when I had my firsthand experience as a student trainee with the BSP IT Department recently," says an IT student Trainee, Christine Sowi.
BSP Gives Facelift to Antenatal Shelter
Bank South Pacific (BSP) handed over a refurbished waiting shelter and a newly installed water tank to 6 Mile Antenatal Clinic, in the Nation's Capital on Monday 23rd December.
BSP Life PNG Limited Trains Life Insurance Agents
BSP Life PNG Limited ("BSP Life"), a wholly owned subsidiary of BSP, recently concluded two weeks of training for its Life Insurance Agents ("Agents") at its new Boroko Sales office in preparation for the launch of its Anticipated Endowment Product.
BSP Brings Christmas Cheers to Patients
Bank South Pacific staff yesterday (Sunday 1st December 2019) visited Port Moresby General Hospital and the Gerehu General Hospital bringing gifts and Christmas cheer to the patients.
BSP Launches Biometrics Registration
In order to protect the bank and its customers from financial crimes such as identity theft and fraud, Bank South Pacific (BSP) has launched its Biometrics Registration which is now being rolled out to customers from December 2019 onwards in all its branches nationwide.
Hundreds of students take part in BSP Clean Up Day
Hundreds of students armed with gloves and Go Green bags, participated in the annual BSP Go Green School Clean Day, today.
YES Program to Support SMEs
Bank South Pacific (BSP) in partnership with Australian Business Volunteer's (ABV) collaborated to develop and provide tailored business skills development for small businesses and entrepreneurs through the "Your Enterprise Scheme" or YES Program.
PNG Swimming Inc receives K80, 000 for Junior Development and Aquatic Excellence Program
Bank of South Pacific (BSP) remains committed to giving young swimmers the opportunity to progress further in competitive swimming and representing Papua New Guinea internationally.
Opportunity for SME Collaboration at the Innovation PNG 2019 Conference
The inaugural Innovation PNG 2019 Conference kicks off this Friday at the Stanley Hotel in Port Moresby, Papua New Guinea.
BSP serves up K20, 000 for Tennis and Squash School Development Program
The Port Moresby Racquets Club is a proud recipient of K20, 000 sponsorship from Bank South Pacific (BSP), to go toward its School Tennis and Squash School Development Program.
BSP Ambassador, David Mead visits Hohola Elementary School
Teachers and students at Hohola Demonstration Elementary school were treated to a surprise visit by BSP brand ambassador and PNG Kumuls star David Mead during the handover of a renovated library project at the school.
BSP EFTPoS Terminals Accepts NFC Payments
Bank South Pacific is pleased to announce that, its EFTPoS devices are equipped to accept payments via Near Field Communication (NFC) Mobile Payment service.
Community & Service News
The latest company information for BSP customers, media and general public.