Bank South Pacific

BSP Financial Group Limited, trading as BSP and known until 2021 as Bank of South Pacific Limited, is the largest bank in Papua New Guinea and one of the largest financial institutions in the South Pacific region. For the year ended December 31, 2025, BSP held 62.5% of banking deposits and 57.4% of lending in Papua New Guinea. ANZ sold its Papua New Guinea retail, commercial and SME business to Kina Bank in September 2019 and now competes in the country only for institutional and large corporate business. As of December 31, 2025, the group employed 4,813 staff and operated 124 active branches serving 3.1 million customer accounts across PNG, Fiji, Cook Islands, Samoa, Solomon Islands, Tonga and Vanuatu. At that date the network comprised 85 branches and 339 ATMs in PNG, 17 branches and 121 ATMs in Fiji, 8 branches and 36 ATMs in the Solomon Islands, 5 branches and 42 ATMs in Samoa, 4 branches and 16 ATMs in Tonga, 3 branches and 27 ATMs in Vanuatu, and 2 branches and 15 ATMs in the Cook Islands. BSP began operations in Port Moresby in May 1957 as a branch of the National Bank of Australasia, and was incorporated as the Bank of South Pacific in 1974. In 1993, National Investment Holdings, a nationally owned company, acquired the bank from National Australia Bank, bringing it into Papua New Guinean ownership. In 2002, BSP merged with the state-owned Papua New Guinea Banking Corporation (PNGBC). In 2003, BSP was listed on the Port Moresby Stock Exchange, now PNGX Markets, under the code BSP. In 2021, the company listed on the Australian Securities Exchange and changed its name from Bank of South Pacific to BSP Financial Group Limited; its shares trade as BSP on PNGX and as BFL on the ASX. As of December 31, 2025, BSP had total assets of K43.0 billion, gross loans and receivables from customers of K18.1 billion and customer deposits of K34.2 billion. Net profit after tax for 2025 was K1.17 billion and the capital adequacy ratio was 26.4%. In the half year to June 30, 2026, the group reported statutory net profit after tax of K619.9 million on revenue of K1.89 billion, and it has announced plans to develop a new purpose-built headquarters in Port Moresby. In 2015-2016, BSP acquired Westpac’s branches in Samoa, Vanuatu, Solomon Islands, Tonga and Cook Islands.

BSP Fiji
BSP acquired the National Bank of Fiji (trading as Colonial National Bank) and Colonial Fiji Life Insurance from Commonwealth Bank of Australia in 2009. In June 2010, BSP launched SMS banking, a first for Fiji and the Pacific. As of December 31, 2025, BSP Fiji had a network of 17 branches and 121 ATMs across the country, and held 27.8% of lending and 27.0% of deposits in Fiji.

BSP Solomon Islands
BSP is the leading bank in the Solomon Islands, with a network of eight branches and 36 ATMs as of December 31, 2025, and 34.3% of lending and 41.1% of deposits in the country. BSP acquired the National Bank of Solomon Islands Ltd in 2007. The company provides a diverse range of personal and business banking products and services including home and personal loans, business loans, credit cards and savings accounts.

Head office address:
BSP Waigani Head Office
Section 34, Allotment 6 and 7, Klinki Street
Waigani Drive
PO Box 78, Port Moresby
Papua New Guinea
Phone number: (675) 320 1212
Website: www.bsp.com.pg

Mendana Avenue
PO Box 37
Honiara
Solomon Islands
www.bsp.com.sb

Beach Road
Apia, Samoa
www.bsp.com.ws

Nuku'alofa Branch, Taufa'ahau Road
PO Box 924
Nuku'alofa, Tonga
www.bsp.to

PO Box 32, Kumul Highway
Port Vila, Vanuatu
www.bsp.com.vu

Avarua Main Road
PO Box 42
Rarotonga, Cook Islands
www.bsp.co.ck