IBSU students open new accounts

  • Students and staff of Institute of Business Studies University (IBSU) were given the opportunity to open new accounts at the school campus, yesterday (Monday).

    The account opening was facilitated by the Port Moresby Branch team, and arranged by the university’s Public Relations team.

    The visit was a follow on visit from last year, and this allowed for students and staff to open new accounts, register for Visa Debit Cards and e-banking services (mobile banking & Internet Banking).

    “Often time’s students and staffs either don’t have the time to travel to Port Moresby and visit the bank to open accounts. Through this arrangement, the school is able to provide reference and support our students to open accounts,” said IBSU Public Relations Executive, Karen-Marie Lillie.

    “We are also very grateful that BSP staff took time to bring this service to our campus as it is our vision to enrich the lives of people around us,” she said.

    BSP Branchless officer Micheal Bee issuing the card and Pin to student

    “For students, a Sumatin account ensures that their family or sponsor can transfer money electronically to their accounts. Students can check their balance Mobile Banking, it’s convenient.”

    Having accounts, for students and staff, has also assisted executive staff in minimising security risks in handling cash payments every pay week.

    “We now have all our staff from the cleaner to the executive level as active with bank accounts. This is also possible, because BSP is able to visit our school to facilitate this.”

    Close to a hundred students and staffs open accounts and register for the e-banking services.

    BSP Branchless Banking sales Officer, Micheal Bee attending to a n IBSU student.



    BSP is a major commercial banking and finance group across PNG, Solomon Islands and Fiji, with assets of PGK19.13 billion (USD 5.90 billion) representing approximately 40% of loans and 45% of deposits across those markets respectively. In July 2015, BSP successfully purchased Westpac Operations in Cook Islands, Samoa and Tonga; more recently acquired Westpac Operations in Vanuatu in 2016.

    BSP now has over 70 branches, 400+ Agents, 400+ ATMs and over 12,000 EFTPoS devices across the Pacific. Our E-Banking solutions provide convenience, flexibility and are compatible worldwide.

    In PNG, the BSP Group holds approximately 50% market share in both loans and deposits. With a significant presence in PNG, Fiji and Solomon Islands, BSP’s growth potential has always been likely to come from acquisition or line-of-business investment opportunities.

    We’re committed to helping its customers build better communities and leverage its size, scope and resources to help make the South Pacific a better place through its Corporate Social Responsibility activities. As many of our people and communities will know we also take seriously the responsibilities that come with being a leader and we have delivered many worthy community project over the years, including supporting causes such as relief efforts when Tropical Cyclone Pam devastated Vanuatu.

    BSP views itself as a major PNG and South Pacific banking and finance entity, with a strong regional business, and has pursued a diversification and expansion strategy, to seek out both geographic and business line opportunities of economic size and merit.

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