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New BSP Branch in Western Highlands

Wednesday, September 28, 2022

Western Highlands Province will now have two fully serviced branches come July 2023, thanks to the BSP Financial Group Limited (BSP).

Speaking at the groundbreaking ceremony on Wednesday 28th August, 2022, in Dobel, Western Highlands Province, BSP Chairman, Sir Kostas Constantinou said BSP is pleased to be part of the ceremony and looks forward to the construction of the new BSP Dobel Branch which is set to open its doors in July 2023.

The new BSP Dobel Branch will be the second fully serviced branch that will gain privilege of servicing Western Highlands and its neighboring provinces.

The establishment  will be a double-storey, fully suited modern banking facility that will have a mass market-banking chamber, premium branch, 4 ATMs, and a banking chamber that will offer a full array of financial services from personal, business and corporate  specialists.

Sir Kostas said, “Mt Hagen and the Western Highlands Province, is the Capital of the Highlands regions and is a key contributor to PNG’s economy for the Highlands region. Having a branch here is only fitting to meet the number of growing customers and serve our people better.”

“This selected site in Dobel will provide our customers with easy access to our branch and serve as a prime location for us to continue to grow and expand in the market for years to come,” added Sir Kostas.

Sir Kostas also mentioned that Dobel Branch would add to the existing BSP’s network of 1 branch in Mt Hagen, 1 sub branch in Minj, and hybrid branch in Banz, 468 active EFTPoS, 18 ATMs and 18 Cash Agents in the Western Highlands and Jiwaka Provinces.

In his speech, Rupert Bray, the Managing Director of Steamships stated, “Steamships is very pleased to be teaming up again with the Duckworth family and Tininga to develop the Dobel project.  The Dobel BSP branch forms the first phase of a larger development that will help transform the region and Tininga and Steamships are pleased that such an iconic company as BSP is our first customer.”

Hon. Wai Rapa, Governor for Western Highlands said, “The Dobel development by the Steamships and Tininga joint venture will bring significant employment and growth opportunities for the people of Mt. Hagen and the greater Western Highlands Province.” Governor Rapa also thanked BSP for its renewed commitment with a second branch in Western Highlands Province.

BSP Group CEO Robin Fleming also reaffirmed that, “our customers play a major role in shaping the new format branch. The furnishings and design of the facilities are fully oriented toward people’s needs. We aim to offer all banking services to accommodate our customers’ banking needs. This may also help in cutting long banking queues, waiting time, and smooth service delivery.”

“We will provide a comprehensive array of digital and traditional banking products and services to meet the needs of personal, business, professional and corporate customers in the region.

The BSP Doble building is valued at K5 million and is a double floored building with 700m2 of Leasable Area. The design provides off-street and secure car park spaces and is conveniently located in a central location with frequent traffic that is paramount for BSP’s business, but more importantly expanding its service in the province.

This BSP branch is part of Phase 1 of the Dobel Commercial Development, which will be completed by the 3rd quarter of 2023.

While we start construction on the new Dobel Branch, our new Eriku Branch in Lae is also nearing completion for commissioning to continue to better serve the residents and people of Morobe Province.”

BSP PNG’s branch network currently operates with 48 branches, 42 sub branches, over 200 agent locations, 301 ATMs and over 9,000 EFTPoS across the country.