By GINNAH MINI
THE Chairman of Bank South Pacific (BSP), Robert Bradshaw, announced that BSP delivered a strong performance in 2025, supported by balance sheet growth, resilient margins, and continued investment.
Speaking at BSP’s Annual General Meeting in Port Moresby, Mr. Bradshaw said the bank recorded a statutory net profit after tax of K1.17 billion, up 12.9 percent.
“The final dividend of K1.38 was paid into shareholders’ accounts on Friday, 27 March 2026,” he said.
“This brought the total dividend for the year to K1.88, an increase of 13 percent.”
Mr. Bradshaw said BSP’s success reflects its focus on long-term value creation and the efforts of its 5,000 employees serving more than two million Papua New Guineans.
“The profits we earn benefit our shareholders, most of whom provide for the retirement incomes of everyday people in PNG, Cook Islands, Solomon Islands, Samoa, Tonga, and Vanuatu,” he said.
BSP CEO Mark Robinson added that revenue growth across key businesses drove the dividend increase, with total revenue rising 14 percent to K3.4 billion.
“This reflects a diversified base, with strong contributions from lending, foreign exchange, transaction banking, and life insurance,” he said.
Mr. Robinson noted that regional growth is being driven by a young population, demand for agriculture and fisheries, tourism, and PNG’s energy and mineral resources.
He said BSP is also expanding digital channels to reach underbanked communities.
“Through financial inclusion, livelihoods change and local communities grow stronger,” he said.
Mr. Bradshaw concluded that BSP’s progress is the result of a clear strategy, purposeful management, and the hard work of its people.