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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.
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.
BSP donates to Cancer Foundation
The Papua New Guinea Cancer Foundation on Thursday received a donation of K8, 665.40 from Bank South Pacific Asset Management Unit.
ABV & BSP Mentoring Program
2019 will see the launch of Australian Business Volunteer's (ABV) Mentoring Program in partnership with Bank South Pacific (BSP) as part of BSP's commitment to the continuous professional development of its staff. BSP has engaged the ABV to partner in its Leadership & Management Development Program (LMDP).
From dreams to reality, owning a Home
Home ownership is a dream for many Papua New Guineans (PNG), and It takes planning, careful consideration and discipline to achieve a dream.
BSP Annual Report for the year ended 30 June 2019
The BSP Group has delivered a successful financial result for 2019, guided by our vision to be the leading financial sevices helping cusomters, staff, shareholders and communities to prosper.
BSP awarded Australasia Visa Champion Security Award 2019
Bank South Pacific (BSP) has been awarded the 2019 Australasia Champion Security Award by Visa Asia Pacific in August, 2019.
BSP Security Personnel Recertified as Reserve Police Officers
Bank South Pacific (BSP) witnessed the recertification of 10 BSP security personnel as reserve police officers last Friday at the BSP Gordons Commercial Centre. The refresher training focused on; use of force, Family Sexual Violence, and court file preparation.
BSP Mobile Banking now available to Bmobile 4GLTE subscribers
Bank South Pacific (BSP) is pleased to announce that BSP Mobile Banking *131# Service is now available to Bmobile Fourth Generation (4G) Long Term Evolution (LTE) subscribers.
Over 100 BSP staff step out in Support of Cancer Awareness
Over 100 staff and family members stepped out to participate in the 2019 Pacific International Hospital (PIH) Globeathon Charity Walk and raise awareness on cancer affecting women in Papua New Guinea.
SME- Jayso’s Ink Wholesaler & Distributors Limited
Jayso's Ink Wholesaler & Distributors Limited is a small business specialised in selling printers, consumables and providing after hours sale service.
Kulu heads BSP Digital Banking
"Bank South Pacific (BSP) prides itself in developing staff at all levels of the organisation and especially local talents in the countries in which we operate," said BSP Chief Executive Officer, Robin Fleming, today, when releasing this statement announcing the appointment of Ms Nuni Kulu as General Manager Digital effective as of 1st January, 2019.
Fleming on banking and growth
Bank South Pacific has had several notable developments in what has been an economically challenging year. Business reporter MARK HAIHUIE speaks to Bank South Pacific group chief executive ROBIN FLEMING.
BSP refurbishes Mendi Callan Centre
Callan Early Interventions School in Kagua, Mendi, welcomed a refurbished double classroom and teachers' office on Thursday 7th December, 2017, thanks to Bank South Pacific (BSP).
Recent Armed Robberies – BSP Rural Agencies
BSP Rural is a new Rural Banking initiative launched by BSP in 2010 to provide basic banking services in rural communities around PNG.
BSP takes banking to UPNG students
BSP took banking to University of Papua New Guinea students during their orientation last week, with students flocking to open new BSP Kundu Accounts and register for SMS banking over two days.
BSP School Kriket makes history for PNG
The International Cricket Council (ICC) East Asia and Pacific (EAP has recognised the historic growth of cricket in Papua New Guinea and has announced the BSP School Kriket as the winner of the 2010 Pepsi ICC EAP Development Programme Annual Awards 'Best Junior Development Initiative'.
BSP Opens yet another ATM
BSP has launched yet another ATM as part of its commitment to making banking easier, convenient and accessible for its customers throughout Papua New Guinea.
Pool refs dress smart with BSP
Referees play an important role in any sport, including pool and with the Lamana Cup Pool Competition fast approaching, BSP has come to the aid of its ten referees donating t-shirts and caps.
K100, 000 up for grabs from BSP
The first angler to land a 250kg marlin in the 2011 National Game Fishing Titles will also land a massive K100, 000 prize money from BSP.
Bank With BSP for School Fee Loans
The processes of acquiring a school fee loan is a daunting task but for BSP customers it has been made easy with branches open on Saturday's to specifically undertake school fee loan transactions.
BSP Managers take a LEAP
"Leadership is a reciprocal relationship between those that choose to lead and those that decide to follow."
BSP committed to banking in Buka
BSP remains committed to maintaining our 37 branch network, with plans to open four new branches in 2011 and continue to expand its ATM and Eftpos network to make banking easier, accessible and convenient.
IFC supports BSP’S Rural Banking Services
The burden of rural people having to travel long distances for banking services will soon improve, thanks to the intervention of BSP and the International Finance Corporation (IFC), a member of the World Bank Group.
Appointment of Chairman - Kostas Constantinou, OBE
Ian B Clyne, CEO of BSP, today announced that at a special board meeting of the directors of BSP, Mr Noreo Beangke has stepped down as Chairman of BSP. Mr Kostas Constantinou OBE, was elected unanimously as the new Chairman of BSP.
BSP and Westpac connect ATMs for ease of banking
The ease and accessibility of banking in Papua New Guinea has just improved with the introduction by BSP and Westpac to allow customers of each bank to use each other's ATM's.
Over 47, 000 students in the BSP School Kriket program
OVER 47, 000 students participated in the BSP School Kriket program. Close to 300 teachers also took part and were accredited as BSP Kriket teachers. The participants came from 118 schools from around the country.
BSP rescues PNG women in business
BSP came to the rescue of the Papua New Guinea Women in Business (PNGWiB) with a donation of five computers, after their office was ransacked by thugs two weeks ago.
BSP setting the pace in graduate development
BSP believes in quality development and training young Papua New Guineans and the bank's strategy is to recruit fresh graduates for its graduate development programme that mentors and guides intakes with on the job experience and skills.
BSP School Fee Loan - Early Bird special
In preparation for the 2011 academic year, BSP is again running its annual School Fee Loan promotion. BSP - your bank, understands the importance of education and our School Fee Loan can help you pay for your child's education.
K100, 000 boost for Paralympics from BSP
BSP today (18/01/11) presented K100,000 to the PNG Paralympics Committee for its programs this year as part of its three year sponsorship commitment and also announced it will renew its support for another three years starting 2012.
BSP continues to support women in sport
A WOMEN'S volleyball team participating in the Moresby North West Community competition sponsored by Sir Mekere Morauta proudly display their sponsored items of t-shirts and water bottles from BSP.
BSP Interim Dividend 2010
The Board of Directors of BSP, at their meeting on Friday 15th October, declared an interim dividend for 2010, of 1.37 TOEA per share.
Decision by BSP to retain CFLL
The Chairman of BSP Mr Noreo Beangke today announced that the Board of Directors of BSP has decided not to continue with the divestment of CFLL at this time. BSP has decided to continue the CFLL business under the BSP banner in Fiji, and is looking to further build the business across the Pacific.
Half Year Results for period ended 30 June 2010
Mr Noreo Beangke, Chairman, Board of Directors, Bank of South Pacific Limited (BSP) today released the results for the half‐year to 30 June 2010.
BSP Board of Directors Announcement
In response to recent adverse media comments BSP's Board of Directors feels it necessary to make comment publicly on a number of issues.
BSP responds to media reports and union statements
Recent press reports and union statement's misrepresent the status of the Industrial Conciliation Process which BSP and the Papua New Guinea Banks and Financial Institutions Workers Union are engaged.
Criminal Charges Laid Against Senior BSP Executives by Waigani Committal Court
The criminal charges against Senior Bank of South Pacific Executives Robin Fleming and John Maddison were laid again by the Police pursuant to a Warrant issued by a Senior Magistrate in the Waigani Committal Court.
BSP “an industry leader"
BSP received notification from the Papua New Guinea Banks and Financial Institutions Workers Union (PNGBFIWU) on July 21st that the Industrial Registrar had approved a Secret Ballot on disputed matters of the 2007 Memorandum of Understanding. The Industrial Registrar's approved Resolutions for the Secret Ballot were hand delivered to the Bank just before lunch on Tuesday August 3rd after voting had commenced.
IFC formally signs 10% Shareholding in BSP
The International Finance Corporation (IFC) have today finalized the acquisition of a 10% shareholding in BSP.
Security Alert – Beware of hoax emails and scams
Bank South Pacific advises that hoax emails are in circulation. Although they may appear genuine, they are fraudulent and have not been sent by BSP. Do not click on or follow any links contained in these emails.
IFC Announcement and Press Release
Bank South Pacific CEO, Ian B Clyne, today announced that BSP had signed agreements with IFC, a member of the World Bank Group, and IFC Capitalisation Fund, to issue new shares in BSP.
The Annual Meeting of Shareholders of Bank of South Pacific Limited was held on Friday 21st May, 2010, in Port Moresby.
BSP to Sell the Colonial Fiji Life and Health
Bank South Pacific today announced its intention to sell Colonial Fiji Life Limited (CFLL) and its wholly owned subsidiaries: Colonial Health Care (Fiji) Limited, Colonial First State Investments (Fiji) Limited, Colonial Services Ltd, Future Farms Limited and associated companies Suva Private Hospital Limited (72.8%), Suva Central Limited (50%) and Richmond Limited (61%).
Criminal Charges Against Senior BSP Executives struck out by Waigani Committal Court
The criminal charges against senior Bank of South Pacific Executives Robin Fleming and John Maddison were struck out by Senior Magistrate Fred Tomo in the Waigani Committal Court on Thursday May 6th, 2010.
BSP Fiji Convertible Note Issue Raises
Bank South Pacific today confirmed that it had raised FJD 16.085 million (K23.5 million) from an issue of convertible notes to certain investors in Fiji. Employees of BSP in Fiji were also included in the issue.
Mandatory Convertable Notes in Fiji
BSP announced that it had launched an issue of mandatory convertible notes to sophisticated investors in Fiji. The notes have a three year team, a coupon of 7% and are mandatorily convertable to Fiji Class Shares on maturity in 2013 and in certain circumstances at earlier dates.
Community & Service News
The latest company information for BSP customers, media and general public.