The banking sector in Papua New Guinea is sound, growing and remarkably profitable. Its largest and only publicly traded institution, BSP, reports return on equity 10 percentage points higher than the large Australian banks, which are among the most profitable in the world. Continued expansion is expected. With 80% of the country unbanked,...
Papua New Guinea
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Articles & Analysis | Tech solutions extend banking to remote areas of PNG from The Report: Papua New Guinea 2015
Interviews & Viewpoints | Richard Borysiewicz, General Manager, BSP Capital: Interview from The Report: Papua New Guinea 2015
Interviews & Viewpoints | Robin Fleming, CEO, Bank South Pacific: Interview from The Report: Papua New Guinea 2015
To what extent is the country’s first liquefied natural gas (LNG) project contributing to 2015 economic growth in Papua New Guinea?
Articles & Analysis | Bank South Pacific: Finance from The Report: Papua New Guinea 2015
THE COMPANY: Bank South Pacific (BSP) is the leading bank of the South Pacific, holding the largest branch network in Papua New Guinea with over 60 branches throughout the country including its operations in Fiji and Solomon Islands. BSP has total assets valued at PGK15.9bn ($6bn),...
Articles & Analysis | PNG's budget raises concerns about the state of economy from The Report: Papua New Guinea 2015
On paper, the 2015 budget, delivered in late 2014, was a solid financial plan. It anticipated PGK13.9bn ($5.3bn) in revenues and called for PGK16.2bn ($6.1bn) in expenditures, leading to a high but manageable 4.4% budget deficit.
