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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.

A tradition that takes place annually across all 80 BSP branches and sub-branches in the country is the Independence Flag raising ceremony. This year will be no different, as staff will turn up in PNG colours for this activity on Thursday 14th September, 2023, prior to branches opening.

BSP Group General Manager Daniel Faunt said, as the leading financial service provider, BSP is proud of its investment in nation building; from providing banking and financial services to 2.6 million customers, training and developing its 3,000 plus local workforce, and assisting 576 communities prosper through community projects since 2009. BSP remains at the heart of PNG.

“BSP recognises the country’s 48 years of independence and we continue to reach and deliver Community Projects in areas we operate in, committing K3m this year to financially supporting another 54 communities through our annual BSP Community Projects,” Mr Faunt said.

Students of Kemabolo High School try out their new desks they received from BSP Boroko Lending Centre’s 2023 Community Project.

“BSP’s contributions are not limited to banking. Since 2009, we have delivered 576 community projects valued at K14.95 million to communities in PNG. Projects that not only improve the lives of our people, they contribute to nation building. Our recent project at Kemabolo High School is a fine example. The school caters for students from villages along the entire Rigo Coastline. The students now sit comfortably in class after our Boroko Lending Centre team gave 40 desks this week. Three solar floodlights, a laptop and printer were also presented to the school. BSP went further to give a fresh paint to one of the school’s Grade 9 classrooms and repaired its windows. This is just one of many schools we have assisted,” Faunt added.

In the first half of 2023, BSP contributed over K172 million in dividend to over 6000 shareholders who are predominantly Papua New Guineans. Superannuation and Provident funds across the Pacific own 34% of BSP shares and will receive K58.6million of the interim dividend.

BSP Retail Head of Branch Network Kili Tambua said BSP is actively working to open new branches. “Dobel in Mt Hagen and Telefomin will have new and upgraded banking facilities open towards the end of the year.

BSP has grown with PNG through its 80 plus branches and sub-branches, 266 Agents nationwide, 321 ATMs and 10,000 plus EFTPoS points.

“We are the people’s bank and will continue to deliver essential services in areas no other bank goes like Moro, Lorengau, Aitape, Arawa, Kainantu, Koroba, and Telefomin , reaching the unbanked and giving back to communities. Happy 48th Independence celebrations from BSP,” Tambua concluded.

BSP has grown with PNG since 1957, and will continue to contribute to PNG’s development. BSP celebrates and wishes all its valued customers, staff, shareholders and the country a Happy 48th Independence Anniversary. God bless PNG.