BSP takes banking convenience to LNG workers

2012-12-02T00:00:00Z

<p style="text-align: justify;">The Pacific Islands region’s fastest growing regional bank, Bank South Pacific (BSP), announced a partnership with a private firm to take banking services to the large workforce engaged with the multibillion dollar liquefied natural gas project in Papua New Guinea.<!--more--></p>
<p style="text-align: justify;">It is estimated that the rural bank branch network will be accessible to more than 30,000 villagers, a large number of them as yet unbanked. The economies of these villages are being transformed by the thousands of jobs created by the LNG projects, which are set to continue for several years.</p>
<p style="text-align: justify;">Bank of South Pacific has teamed up with private firm Laba Holding to establish the financial services to the rural population involved in the LNG projects. BSP chief executive Ian Cline said last week that the branch was expected to start functioning in about three months.</p>
<p style="text-align: justify;">Speaking to the media Mr Cline said, “These banking services will further add to our customer convenience. The partnership is a major step toward efficient banking services to the rural masses and is committed to providing customers with services that meet their various needs and add extra value to their daily transactions.”</p>