THE Bank South Pacific Financial Group Limited (BSP) recorded a revenue of $USD203 million in the third quarter – up 15% on the prior period, Chief Executive Officer Mark Robinson said today.
“This result reflects the resilience of our diversified franchise and disciplined execution of our Modernising for Growth programme where we continue to invest in technology, our people and capability to position BSP for the future,” he said.
Unaudited net profit after tax increased 22% supported by strong operational discipline and growth across foreign exchange, fee, and lending income, underpinned by the continued high credit quality of BSP’s loan portfolio.
“Our capital position remains strong, with a capital adequacy ratio of 26%, comfortably above regulatory requirements,’’ Robinson said.
“As we advance our ambition to build the South Pacific’s international bank, we remain focused on creating sustainable value for shareholders and supporting the communities we serve.”