Prime Minister Hon. James Marape has congratulated BSP Financial Group Limited for delivering another strong financial performance in its Third Quarter 2025 Trading Update, describing it as a clear sign of investor confidence, economic resilience, and the strength of Papua New Guinea’s banking sector.
BSP announced unaudited net profit after tax of K284 million, representing a 22% increase on the same period last year. Total revenue reached K860 million, up 15%, driven by growth across foreign exchange, fee income, and lending, underpinned by strong credit quality and disciplined financial management .
Prime Minister Marape said BSP’s results reaffirm that Papua New Guinea’s financial system remains stable and robust, even amid global challenges.
“BSP’s strong results are a testament to the resilience of our people, our businesses, and the confidence of investors in the Papua New Guinea economy,” Prime Minister Marape said.
“As we celebrate 50 years of nationhood, it is encouraging to see a homegrown institution leading the way in financial innovation and regional expansion while continuing to serve the people and businesses of Papua New Guinea.”
Commitment to National Growth and Regional Leadership
Prime Minister Marape noted BSP’s vision of “Building the South Pacific’s International Bank” aligns with the Government’s Reset PNG@50 and Take Back PNG visions to strengthen local capacity and expand regional influence.
“BSP’s growth across lending, foreign exchange, and digital banking is vital to the broader economic transformation we are driving under the Medium-Term Development Plan IV,” he said.
“As Government, we will continue to create an enabling environment for responsible financial growth, sustainable banking, and inclusion for all Papua New Guineans — from urban entrepreneurs to rural farmers.”
The Prime Minister commended BSP for maintaining a Capital Adequacy Ratio of 26.0% and a Leverage Capital Ratio of 8.4%, both well above Bank of Papua New Guinea’s regulatory minimums, demonstrating a sound and secure banking system .
Supporting Papua New Guinea’s Financial Inclusion Goals
Prime Minister Marape reaffirmed the Government’s partnership with the banking sector to promote digital financial inclusion, rural banking access, and SME development.
“BSP’s continued investment in modernising its systems and supporting communities through financial literacy and SME services is critical to empowering our people,” he said.
“The Government encourages BSP and other financial institutions to work hand-in-hand with us to extend banking services to all corners of our country.”