BSP Financial : opens new Eriku Branch Doors

Thursday, November 3, 2022

BSP Financial Group Limited (BSP) continues to strengthen its presence and relationship in Morobe Province through the opening of its Eriku Branch in Lae today (Thursday 3rd November, 2022).

BSP Group CEO Robin Fleming said, "The Eriku Branch will enable BSP to continue to better serve the residents and people of Morobe Province, as it is a key contributor to the PNG economy and the gateway to the Highlands region. Eriku Branch is the fourth branch located in the City of Lae and BSPs 85^th branch in PNG."

"BSP is happy to embark on another milestone event in expanding to all Papua New Guineans through banking services, in this case the Eriku Branch. This branch was built at a cost of K8.5m over 10 months," he said.

"We thank our Landlord Pelgens, all the contractors, BSP Eriku Branch Staff & Management, BSP Morobe Branches, the surrounding community and their leaders and all Stakeholders for making Eriku Branch possible," Mr Fleming added.

BSP currently serves more than 152,000 BSP customers in Morobe via its five (5) branches (Lae Top Town, Lae Market, Lae Commercial Centre, Lae SME Centre and Bulolo Branch) three (3) Sub-Branches, 26 Agents, 42 ATMs, 73 Mobile Merchants, and 814 EFTPoS in the Morobe Province.

The new Eriku Branch will be managed by Roslyn Paulus Kanini and will have 26 staff of which six (6) are tellers, five (5) are customer service, two (2) on Lending, Four (4) are branchless banking staff, five (5) back office staff and three (3) ancillary staff. This will add to BSP's network operation of 42 existing branches, 42 existing sub branches, over 250 Cash Agents, 326 ATMs and over 9,000 EFTPoS across PNG.

The branch will provide a full range of services and service one of the busiest areas in Lae City, which will accord more convenient options for customers. BSP's investment in its branch network in 2022 has included a new branch in Namatanai, New Ireland, a new sub branch in Koroba, Hela Province, and upgraded Hybrid Branch in Palmalmal, East New Britain and now a new Branch in Eriku, Morobe Province.

Before the year ends, BSP will also open a new Lending Centre in Boroko, NCD in December and has performed groundbreaking for a second branch in Dobel, Mt Hagen in Western Highlands and an upgraded branch in Telefomin, Sandaun Province.

"BSP's significant investment into delivering banking services reflects the groups continued desire to deliver banking services for the communities in which it operates.

This is despite numerous challenges and inspite of the imposition of the inequitable BSP Tax of K190m, BSP will continue to deliver on its vision for the people of PNG," Mr Fleming said.

"We thank our customers for their patience, and with this additional branch, we aim to continue improving a superior level of customer experience. We remain committed to providing essential banking services to the people of Morobe Province and we are grateful for the relationship we have with the community in Lae," Concluded Mr Fleming.

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