BSP facing more system issues than expected

Bank South Pacific (BSP) has come out with an apology and explanation on the current technical difficulties experienced in Papua New Guinea since the implementation of the new Information Technology core banking system

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BSP cuts ties with PNG fuel supplier Puma

BSP Financial Group Limited (BSP) has cut ties with Puma Energy, according to Papua New Guinea Petroleum and Energy Minister Kerenga Kua. According to Minister Kua, the action by BSP is independent of the Government and

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Economic, geopolitical risks present worldwide: BSP

The world is continuing to present economic and geopolitical risks that impact almost every country, a bank executive says. Bank South Pacific Financial Group Limited (BSP) Chief Executive Officer Mark Robinson said

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BSP says it is fine-turning operations in PNG

The Bank of South Pacific Financial Group Ltd (BSP) is continuing to fine-tune its operations under the new banking system, with its KunduPei service back online, chief executive officer Mark Robinson says. “BSP

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BSP customers in PNG told to repay money after ‘glitch’

A “technical issue” has allowed some customers with Papua New Guinea’s largest bank to overdraw money from their accounts, while others have watched their bank balances drop. In a statement posted to Facebook,

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BSP ‘has standing’ in tax case in PNG

The Papua New Guinea Supreme Court has ruled that the Bank South Pacific Financial Group Limited (BSP) has standing to pursue a case challenging the constitutionality of the “additional company tax”. A five-man

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Impressive results excite new BSP boss

New BSP Financial Group chief executive officer, Mark Robinson is impressed with steady results produced by BSP Group, not just for one year but for a longer period of time. He said the result does not only reflect a

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Mark Robinson joins as new CEO of Bank South Pacific

Bank South Pacific Financial Group Limited has announced the appointment of Mark T. Robinson as Group Chief Executive Officer. Robinson is a senior financial services executive and globally experienced banking Chief

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PNG economic outlook gives businesses hope: BSP

The Standards and Poor (S&P) Global ratings has revised its outlook on Papua New Guinea from negative to stable reaffirming the trajectory of the country’s economic recovery post-Coronavirus (Covid-19). And Bank

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BSP pays K190million extra tax

The Bank South Pacific Financial Group Limited (BSP) has declared a substantially lower net profit of K69 million (US$19 million) from K259 million (US$73 million) due to a controversial levy imposed by the Government.

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PNG Company tax approved

The contentious PNG company tax or ‘super tax’ on the country’s big players in the banking and telecommunication sectors finally got the green light from Parliament Wednesday, now making it a law. While the tax

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BSP and FASU clash over alleged money laundering warning

The Bank South Pacific Financial Group Ltd (BSP) has always complied with its anti-money laundering and counter-terrorist financing (CTF) obligations in Papua New Guinea, says chairman Sir Kostas Constantinou. He made

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