21 Jun 2013

BSP re-opens branch in PNG's Gulf Province after four years

8:34 am on 21 June 2013

Banking services in Kerema town in Gulf Province in Papua New Guinea are to be restored more than four years after a robbery of the local branch of the Bank South Pacific.

BSP closed its doors after the 2008 robbery.

The Post Courier says the bank has signed an agreement with the provincial government to set up a rural branch with 8 staff providing basic banking services.

BSP will also set up agents in the surrounding districts.

The bank's deputy chief executive, Johnson Kalo says, while they are glad to return, any further criminal act against their Kerema branch will see it permanently shut.