BSP Financial Group Ltd 2022 Annual Report
The report outlines BSP Financial Group Limited's financial and operational performance for the fiscal year 2022, highlighting a record statutory net profit after tax of K1.08 billion despite the introduction of a K190 million Additional Company Tax in Papua New Guinea. The company experienced exponential growth in its digital channels, with mobile banking transactions reaching over 130 million by year-end. BSP also progressed with its transition to the Oracle FLEXCUBE core banking system, scheduled for the first half of 2023. Additionally, the company continued its strong commitment to corporate social responsibility, investing K1.6 million in 68 community projects groupwide and reaching over 9,500 participants through its financial literacy programs.
Company: BSP Financial Group Ltd
Sector: Finance & insurance
Country: Papua New Guinea
Year: 2022
Type: Annual Report
Pages: 152
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BSP Financial Group Ltd
Annual Report
The report outlines BSP Financial Group Limited's financial and operational performance for the fiscal year 2022, highlighting a record statutory net profit after tax of K1.08 billion despite the introduction of a K190 million Additional Company Tax in Papua New Guinea. The company experienced exponential growth in its digital channels, with mobile banking transactions reaching over 130 million by year-end. BSP also progressed with its transition to the Oracle FLEXCUBE core banking system, scheduled for the first half of 2023. Additionally, the company continued its strong commitment to corporate social responsibility, investing K1.6 million in 68 community projects groupwide and reaching over 9,500 participants through its financial literacy programs.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report
Language
English
Pages
File Size
Standards & Assurance
No data available
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees