Sir Kostas Constantinou

BSP records K531.9m profit

The Group recorded a consolidated operating profit after tax of K531.9 million for the 2015 financial year, a 4.8% increase on the consolidated 2014 operating profit after tax of K507.3 million.

The total assets of the Group increased, by approximately K2.4billion to K18.196 billion, partially due to the acquisition of Westpac’s Pacific branches in Samoa, Tonga, Cook Islands and the Solomon Islands.

The Group’s revenues have also increased 3.2% during the year.