BSP Financial Group Limited (BSP)

Over 2600 SMEs assisted

BSP Group GM for Retail, Daniel Faunt said the SME Credit Enhancement Scheme loan (CESL) continues to get a lot of traction in Retail Lending since its roll out on 4th October, 2020.

“To date since February 2023, we have funded over K332m in SME Credit Enhancement Scheme Loans assisting 2,640 SMEs. Equity requirement was reduced from 30 percent to 10 percent with an increase of funding from K3m to K5m in May of 2021. That allowed for greater participation from the SME sector in this scheme,” Mr Faunt added.

School Kriket Program launched

This year marks the 14th year of BSP and CPNG partnership in hosting the program that involves elementary, primary and secondary schools in the country.

BSP Mamose Area Manager, Barry Namongo said sport is an important part of children and young people’s education, not only for their physical fitness, but to create a sense of belonging and wellbeing to a community.

Sir Kostas retires as BSP Board Chairman

Sir Kostas first joined BSP as a Director in April 2009, when the company was known as "Bank of South Pacific Limited," and later became Chairman of the Board in February 2011.

BSP reopen Pangia and Navo branches

The BSP Pangia Sub-Branch in Southern Highlands reopened its doors on Wednesday 11 January, 2023, after being closed for over two months due to operational issues. The BSP Navo Sub-Branch in West New Britain Province, which closed following a break-in incident in November 2022, reopened its doors on Thursday 9 February, 2023.

BSP Retail Group General Manager, Daniel Faunt, said these branches are among 21 locations in PNG where BSP is the sole bank operating. The complete withdrawal of services would have a significant impact on the local communities.

New Children’s Book Launched

The event in concurrent with the 2022 National Book Week saw 20 Buk bilong Pikinini students and two teachers visit the BSP POM Branch to launch the BbP 13 Books series, “When I Grow Up I want to be a Banker”.

BSP Group Chief Executive Officer, Robin Fleming officially launched the Book when reading the content to the BbP students. 

Operation Open Heart receives K100,000

The timely donation will go towards the OOH’s funding assistance in carrying out Provincial Paediatric Cardiac Screening and Closed Heart Surgeries- Patent Ductus Arteriosus (PDA) ligations at the Port Moresby General Hospital Cardiac Unit.

BSP Group Donates To SJA

BSP Financial Group Limited (BSP) yesterday presented a cheque of K75,000 to St John Ambulance PNG to support their work.

It will help enhance continue the SJA response in NCD, Central & Gulf and other centres in the country.

Chief of Ambulance Services Rigona Rita who received the cheque on behalf of St John said the donation will go towards supporting their new building construction and the national ambulance call centre, and part of the money will go into the aeromedical evacuation trust fund account.

BSP Cash Agent for Gaire Village

Last Friday 20th May, 2022, the BSP Boroko Branch team commissioned GTL Trading as a BSP Cash Agent at Gaire village, Central Province.  The village has an estimated population of 10,000, and serves as a hub for small businesses, schools and government employees.

BSP Continues To Assist First Homeowners

BSP Group General Manager - Retail Daniel Faunt said since 2014, BSP FHOL continues to lead the market as the most successful home loan product. BSP has assisted over 1100 families become first time homeowners, funding FHOL Loans valued at over K330 million.

BSP & BbP Celebrate Partnership Anniversary

Ten years ago, BSP Financial Group Limited (BSP) saw the opportunity to address this need to partner with Buk bilong Pikinini (BbP) Children’s Libraries, with an emphasis on serving children from diverse backgrounds and with diverse needs as part of the banks community values.

Through the partnership BSP supported BbP in funding its operations at 3 libraries in Lae (Unitech), Manus and Goroka, since 2012.