BSP hands over Madang social project

BANK South Pacific chairman Kostas Constantinou has officially opened a community project undertaken by the bank at Madang Holy Spirit Elementary and Primary School.
BSP hands over Madang social project BSP hands over Madang social project BSP hands over Madang social project BSP hands over Madang social project BSP hands over Madang social project

The project, executed by BSP staff, involved the installation of three 5000 litre water tanks for the school's fresh water supply for 2000 students.

Constantinou thank principal Gabriel Banglang, staff and students for their participation in completing the project.

Meanwhile, Constantinou has also announced that BSP has entered into a memorandum of understanding with state-owned enterprise Kumul Consolidated Holdings, with the objective of establishing a joint venture to operate Pacific MMI in Papua New Guinea.

He said the agreement allowed for the expansion of the joint venture into Fiji via BSP's established insurance subsidiary in Fiji.

He added that the strategic objectives outlined in the agreement were consistent with the group's geographic and business diversification strategy.

The proposed establishment of a joint venture is still subject to all board and statutory approvals.

 

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