Branch established in Rabaul by Commonwealth Bank, later transferred to Papua New Guinea Banking Corporation and subsequently merged with BSP.
Championing Prosperity for the South Pacific
Our origins in PNG date back to 1916, having now grown to be the largest and most trusted financial institution in the South Pacific.
Today, over 4,800 BSP employees care for the financial wellbeing of 3 million customers in PNG, the Cook Islands, Fiji, Samoa, the Solomon Islands, Tonga and Vanuatu.
Through our Modernising for Growth program, we are investing K1.2 billion in technology and digital capability to bring our customers the convenience of our retail, business and institutional modern banking services.
We are committed to improving lives throughout the South Pacific. That means looking after our customers, now and in the future, supporting their businesses and investing in communities.
Our scale and deep roots also allow us to be a strong advocate and partner for economic development in the South Pacific, and to invest in financial inclusion, to the benefit of our communities.
Branch established in Rabaul by Commonwealth Bank, later transferred to Papua New Guinea Banking Corporation and subsequently merged with BSP.
Commenced operations in Port Moresby in May 1957, as a branch of National Bank of Australasia.
BSP was incorporated as the Bank of South Pacific, a wholly owned subsidiary of the Australian parent.
National Investment Holdings, a nationally owned company, acquired BSP from National Australia Bank.
BSP merged with the state-owned Papua New Guinea Bank Corporation (PNGBC).
BSP listed on the Port Moresby Stock Exchange (PNGX).
Established a presence in Fiji through the acquisition of Habib Bank's Fiji operations, which were rebranded to BSP.
Acquired Colonial National Bank and Colonial Fiji Life Insurance from Commonwealth Bank of Australia and rebranded to BSP and BSP Life respectively.
Commenced BSP Finance Fiji (2014) and BSP Finance (PNG) in 2015.
Acquired Westpac’s operations in Solomon Islands, Cook Islands, Samoa, Tonga and Vanuatu.
Commenced BSP Finance (Solomon Islands) in September 2017.
BSP listed on the Australian Securities Exchange (ASX) and name changed from Bank of South Pacific to BSP Financial Group Limited.
Our purpose is to Champion Prosperity for the South Pacific by leveraging our history, financial strength and scale to support our customers and help build capacity in national economies and in local communities.
We respect, value and empower our people, our customers and communities we serve, embracing diversity and fostering resilience.
We strive for excellence and continuous improvement, being committed to honesty, accountability and integrity.
We work as a team for the wellbeing and prosperity of our people, our customers, stakeholders, and communities we serve.
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