Papua New Guinea (PNG) shareholders in the BSP Financial Group Limited (BSP) continue to benefit from the bank’s good performance over the years than any other commercial bank, says the Board. The BSP Board Chairman, Mr. Robert Bradshaw, when opening BSP’s 2025 Annual General Meeting on Friday 23rd May, stated that the bank’s track record has been one of excellence in the past decade where most of the PNG shareholders get to benefit from. “Over the past ten years, BSP has delivered a compound annual return to shareholders of 16%, including both dividend and share- price appreciation. Few banks globally can match such as record,” said Mr. Bradshaw. The share- price appreciation is the increase in the value of a stock over a period of time. “Importantly, 86 per cent (%) of BSP shares are held by Papua New Guineans. Meaning these returns flow directly back to the families, communities, churches, superfunds, landowners and provincial entities who invest in BSP across the country.” For the superfunds, Mr. Bradshaw said members also benefit from the good performance of BSP as most of the superfunds are a large shareholder with BSP and when BSP makes good, that is then passed on to the superfunds, and then to the members’ contributions in those superfunds. The BSP Group continues to work towards improving its service and its performance to better serve its customers. “At the same time, we are investing in our future through our modernizing for growth strategy, now well into its second year." "In 2024 we rolled out our new values- “we care, we inspire, we grow”. This reflects the culture we are building as we embrace change without losing the traditional part for our service." As part of that change going forward, Mr. Bradshaw said earlier this year BSP launched a refreshed brand identity and established a new digital enabled flagship branch in Port Moresby city’s waterfront just recently. Also launched this year was the new ‘Wantok Wallet’ product as BSP sees an increase in its digital transaction by 20% as customers increasingly adopt modern banking channels. Other efforts to improve banking include expending efforts in foreign currency capability for BSP’s business clients and the graduation of over 140 staff from the new BSP academy. BSP group also commenced the next training of regional leaders. “New ATMs and new EFTPOS Terminals have been procured, supporting twenty- four- seven banking services across the network, beginning later this year.” “This is more about strategy, it’s about building a bank that is simply faster, more inclusive and more responsive to our customers across the south pacific,” said Mr. Bradshaw.