The residents of Tari town and the people Hela now have a new BSP Financial Group Limited branch to enable ease of doing banking after it was opened on Thursday by the prime minister.

Prime Minister James Marape described the opening of the new BSP branch as a milestone for Hela province and a strong sign of confidence in rural Papua New Guinea (PNG).

Addressing national leaders, provincial representatives, community leaders, business executives, and members of the public, Prime Minister Marape said the opening of the branch was more than the launch of a banking facility.

He said it represented progress, trust in the future of Tari, and the growing importance of provincial centres in the nation’s economic development.

“Today is a profound moment as our country advances into its 51st year,” he said. “This occasion reflects a national story of partnership between government, business, communities, and leaders working together for a better future.”

The branch would provide easier access to modern financial services for the people of Tari and surrounding districts, including workers, landowners, farmers, public servants, women entrepreneurs, students, and local businesses.

“For too long, many of our rural people have had to travel long distances to access banking services,” he said.

“This branch brings those services closer to the people and allows local money to circulate within the local economy.”

He encouraged residents to use the branch to save money, support businesses, invest in education, and improve family livelihoods.

Prime Minister Marape commended BSP Chairman, Board, Chief Executive Officer Mark Robinson, management, and staff for continuing to expand services throughout the country.

“BSP has grown with our nation and continues to help build our economy,” he said.

“A healthy private sector supported by strong financial institutions creates jobs, supports commerce, and generates tax revenue.”