Bank monitors PNG situation

BSP chairman Sir Kostas Constantinou, left and BSP Group chief executive officer Robin Fleming. Picture: POST COURIER

The BSP Financial Group Ltd (BSP) continues to actively monitor the situation in Papua New Guinea and will inform the market of any material impact on its earnings, says Sir Kostas Constantinou, BSP chairman.

In a market announcement, Sir Kostas said since BSP released its 2020 financial results and accompanying investor presentation to the market, PNG had experienced an upsurge in the number of positive COVID-19 cases, with the government introducing measures to restrict the transmission of the virus.

He said BSP had reinforced its health security approaches for its staff members and customers and had also re-instituted workplace separation for critical staff to reduce the risk of its business operations being affected by an increased number of COVID-19 positive cases.

“BSP was able to keep all of its branches open except during the peak period of increased COVID-19 transmission.”

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