Company Overview
Bank South Pacific Limited opened our doors in 1957 in Port Moresby as a branch of the National Bank of Australasia Limited.
In 1995 a consortium of Papua New Guinea businesses acquired the bank creating the first and only PNG private sector owned bank.
Bank South Pacific purchased the State Owned - Papua New Guinea Banking Corporation (PNGBC - formerly CBA PNG) in 2001 creating the largest Bank in PNG. Other acquisitions followed: Habib Bank in Fiji in 2006, National Bank of Solomon Islands 2007, Colonial Groups of Companies (Banking & Life Businesses) in Fiji in 2010.
Bank South Pacific rebranded to become "BSP" in 2008. Our shareholders include major PNG Institutions - IPBC, Nasfund, Nambawan Super, Petroleum Resources Kutubu, Credit Corporation, MVIL, PNG Teachers Savings & Loan, Comrade Trustees, and the International Finance Corporate (IFC).
Highlights
- Awarded the "Best Bank Led Mobile Money Programme" in the World. World Connected Forum Awards, Dubai, November 2012. Sponsored by MasterCard Worldwide.
- 2012 Net Profit after tax increased over 14% to K407.7m and assets also grow 14% to K13.3b - a values equivalent to approximately 1/3 of PNG's GDP estimate.
- 1 Million active Retail Accounts in PNG, 200,000 in Fiji and 80,000 in Solomon Islands.
- Over 70 million transactions processed through all electronic and mobile phone channels in 2012.
BSP has been internationally recognised for its underlying liquidity and capital strength, including "The Banker" 2012 Top 1000 Banks, ranked:
- #7 Highest Mover Asia Pacific region
- #4 Profit on Average Capital
- #3 Top 5 Returns on Capital in the Asia Pacific.
Welcome to BSP
Company Overview
Board of Directors
History
Gallery
Videos
Terms and Conditions
Events & Key Dates
BSP donates to Samatau Pre-School
BSP Samoa relocates Salelologa branch
BSP delivers strong financial results in 2021, with net profit after tax of K1.075 billion
BSP hands over new library for Vailele Primary School
Bank South Pacific (Samoa) backs the National Elite Touch Champion 2021
BSP continues to deliver sound financial results, with net profit after tax of K698m for the first 9 months of 2021
BSP paddles with Pualele Outrigger Canoe club
BSP achieves milestone in Vanuatu’s new banking System
CUSTOMER NOTICE - Data Cleansing
Notice of Annual General Meeting