Bank South Pacific (BSP)

BSP backs 2020 Operation Open Heart

Present at the event was OOH program’s first patient to undergo operation heart surgery on Sunday 16th February, 2020, was Faustina Jerome (18) accompanied by her father - Linus Jerome and elder sister- Fatima Jerome.

Faustina is from a remote area of Dasima in the Esa’ala district of Milne Bay Province. She completed her grade 8 in 2017 but was taken out of school due to her heart condition.

New year, new look for school

In 2018, BSP installed solar panels and lights for Sabusa Primary School classrooms and it went again last year with another added project for the school.

“Back then while installing the solars, we realised that classrooms had bare earth floors so in 2019, we went back to have five of the classroom floors cemented and we also had the rotten timbers at the school’s staff room stairs replaced,” said BSP’s Head of Training – HR, Ray Baloiloi.

Baloiloi and his team handed over the newly cemented classrooms just in time for the start of the 2020 academic year.

Improved international funds transfers with BSP

Deputy Chief Operating Officer, Frank van der Poll, said SWIFT GPI is the new standard in global payments and is based on existing messaging standards and bank payment processing systems, making it quick and cost-effective to adapt to the new norm.

“For BSP, adapting to this new standard of global payments allows the bank to send and receive funds quickly and securely to anyone, anywhere in the world, with full transparency over where a payment is at any given moment,” said van der Poll.

YES program to support SMEs

ABV commenced the YES program for selected BSP SME Customers on November 13th in Port Moresby, aimed at providing business skills by way of facilitating mentoring sessions and workshops for participants.

BSP Deputy General Manager Customer Experience & Support, Peter Boutcher, when opening the workshop, said: “BSP has always supported economic growth through the support of SMEs in PNG. This training is a strong and practical investment that will support our small business customers in the region.

BSP awarded Visa Champion Security Award

The prestigious award recognises BSP for excellence in payment system risk management and supporting Visa’s efforts to maintain trust and security in the payments industry in the Asia Pacific region.

Over 129,000 people reached

In announcing this, Group General Manager Retail Paul Thornton said: “Financial Literacy and Banking Education is an important part of BSP’s contribution to the communities we operate in and it is important to note that out of the 129,474 people our trainers reached, 48 percent of them are female.”

Since inception in October 2014, the program aims to educate the community on how to manage money and helps them to use the appropriate banking products and services.

BSP celebrates loyalty, commitment

For all the staff that commemorated their long service, Bank South Pacific (BSP) was and has been the only employer for them since day one; and they had nothing but praise for their employer.

On Saturday 26th January, BSP hosted a special awards night in recognition of 26 of its long service staff, six of which celebrated their 40 years of service while 20 marked 25 years of service.

Pioneer banker retires after 45 years

Aho Baliki, the retired general manager of Paramount Banking, called it a career after 45 years of service to the then PNG Banking Corporation (PNGBC) and Bank South Pacific (BSP) as of January, 2019.

Known as Mr B to many BSP staff, he was given a farewell fitting for his tenure at the BSP Head Office in Waigani, Port Moresby, on Monday, 14th January, and another in BSP Goroka Branch on Wednesday, 16th January, where he first started his career at the bank.

BSP reduces various transaction and lending fees

BSP says effective as of 14 September, 2018, over a million BSP customers will benefit significantly from various reduced service charge and bank fees on transaction and lending products.

These changes will see everyday transaction account fees for dormant accounts, Branch deposits, Branch withdrawals, Deposits at Agents, and Mobile Banking Alerts, Statement Mailing and Duplicate Statements all waived leaving customers with zero service fees.

No fee increase in five years: BSP

BSP CEO, Robin Fleming, said this in response to the Independent Consumer & Competition Commission (ICCC) statement calling on the bank to remove some fees and reduce interest rates to encourage a savings culture.

ICCC Commissioner and CEO, Paulus Ain, said this after BSP announced another strong performance for 2017

In response, Fleming said BSP is always conscious about the plight of customers and consumers who have experienced financial difficulties in recent years.