The US Embassy in partnership with Bank South Pacific (BSP) has taken Financial Literacy a step forward to add value to job seekers.
Over 260 participants flocked in to attend a free session on Financial Literacy Training (FLT) which was conducted by BSP in partnership with the American Embassy in Port Moresby.
The FLT session was a part of the American Embassy’s support to, ‘Job Search Tips & Information Sessions’ that facilitates skills training and information to assist job seekers to build their resumes for a better chance in getting employment; whether in formal employment or self-employment.
The training which was conducted on the 14th of March, 2019, primarily focused on how to create and maintain a reasonable budget, as well as how to effectively monitor and cut costs for future savings and expense.
Freda Kedoga, a participant at the training, said, “The program was educational and informative with certification awarded to participants.”
She added, “The training also gives me life skills on how to practically manage money, make a budget and how to plan and save. These are key skills that I am able to share with women and youths that I work with, in my church group.”
Cultural Affairs Assistant and Event organiser, Mr Lazarus Towa, said, “Financial Literacy training will add value to the participants’ resumes, and also will be beneficial to them if they wish to start up a small business and be self-reliant.”
He added, “There is much interest in more advanced Financial Literacy Training for Small Business Owners and self-employed individuals. We’re pleased that BSP has made time to assist to deliver our first Financial Literacy Training to participants.”
BSP conducts financial Literacy training to organised groups, churches, schools, community groups and villagers for free. The FL trainings are delivered through all BSP branches nationwide, with the aim to help Papua New Guineans to learn how to manage money, save and build financial wealth. BSP FL Trainings are usually followed through with basic banking education whereby customers also understand, how to fully use banking products and services to improve their lifestyle.
BSP started its Banking Education and Financial Literacy training in 2014, and has reached over 126, 000 participants, 48% of which are women.
Bank South Pacific (BSP) is an iconic and unique bank in Papua New Guinea and the Pacific, recognised for its strong commitment to the region. We are a major commercial banking and finance group with assets of approximately PGKK23.050 billion
BSP has the largest branch network in Papua New Guinea, Cook Islands, Fiji, Samoa, Solomon Islands, Tonga and Vanuatu with sub branches and agents in rural locations. The BSP Group employs 4000+ people across the Pacific and proudly supports the communities that we operate in, through Community Projects, Sports, Education, Health, Culture and Financial Literacy.
Our branch network is complemented by electronic banking networks that can meet the banking needs of all customers wherever we operate.
We’re proud of our whole of bank capabilities whereby our teams in Corporate, Retail, Paramount and Treasury are able to provide solutions to our clients, drawing on our capabilities and broad presence. This capability is unmatched by our competitors. PNG and the Pacific is our home. We have knowledge, history, experience and a commitment to the region that other financial institutes cannot offer.
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