Economic, geopolitical risks present worldwide: BSP

/ May 22, 2023 / No Comments
The National Business THE world is continuing to present economic and geopolitical risks that impact almost every country, a bank executive says. Bank of South Pacific Financial Group Limited (BSP) chief executive officer Mark Robinson said during the BSP annual general meeting in Port Moresby on Friday that this included higher... more →
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NAB and CBA exposed over PNG money laundering

Bank of South Pacific CEO Robin Fleming is believed to be under pressure from the regulator to step down.
/ July 13, 2021 / 1 Comment
Angus Grigg National affairs correspondent The largest lender in the Pacific, BSP Financial Group, has been ordered to remove senior managers following breaches of anti-money laundering laws in Papua New Guinea, putting further pressure on Commonwealth Bank of Australia and National Australia Bank to cut ties with the troubled institution. BSP,... more →
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Media Release: BSP Reduces Equity on SME Credit Enhancement Scheme Loan

/ May 12, 2021 / No Comments
MEDIA RELEASE | WEDNESDAY 12th MAY, 2021 BSP PNG | Owners of Small to Medium Enterprises in Papua New Guinea can now access the National Government supported loan facility – SME Credit Enhancement Scheme Loan at the BSP Financial Group Limited (BSP) with a lower equity requirement and higher maximum loan amount effective immediately. BSP... more →
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BSP: Cryptocurrency risky

BSP chief executive officer Robin Fleming.
/ August 11, 2020 / No Comments
The National Business, By DALE LUMA BANK South Pacific (BSP) does not accept cryptocurrency transactions, says group chief executive officer Robin Fleming. Responding to queries from The National, Fleming highlighted that cryptocurrencies posed some risks which included: LACK of consumer protection. While traditional financial products... more →
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