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BSP Financial Group Limited (BSP) is the largest bank in Papua New Guinea, with 121 branches throughout the country and in 7 countries. BSP currently services over 650,000 business banking customers throughout the Pacific. [2] As at 31 December 2022, BSP had total assets valued at K33.9 billion. [3]
ANZ Fiji traces its presence in Fiji back to 1873 through an acquisition. Investors from Auckland established the Fiji Banking and Commercial Trading Company Limited in 1873. However, the bank's owners sold it in 1876 to the Bank of New Zealand ; ANZ Group acquired BNZ’s operations in 1990 after 114 years of Bank of New Zealand ownership. [1]
Colonial National Bank, was a Fiji bank that operated between 1976 and 2009 when it was purchased by the Bank South Pacific. The full name of the bank was National Bank of Fiji trading as Colonial National Bank. In December 2009 the bank was acquired by Bank South Pacific (BSP). This gave BSP the largest branch network in Fiji.
Fiji is an island country consisting of more than 300 islands located in Oceania. Although the economy of Fiji serves as one of the main economic centers of the South Pacific islands, [1] it is mostly made up of agriculture and tourism. [2] The latter contributes to more than 40 percent of the nation's GDP. [3]
On 27 April 2007, Bank South Pacific made a formal announcement to the Port Moresby Stock Exchange that it had wholly acquired NBSI. NBSI now operates as Bank South Pacific, [1] with operations in the Solomon Islands, Fiji, and Papua New Guinea. On 29 January 2015, BSP entered into an agreement to acquire Westpac's banking operations in Samoa ...
The National Australia Bank (NAB) incorporated its operations in PNG in 1974, which it called Bank South Pacific (BSP). Also in 1974, the Commonwealth Bank withdrew from PNG, transferring its operations to the new government of PNG, [4] which called the bank the "Papua New Guinea Banking Corporation" (PNGBC). Papua New Guinea was granted ...
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