MVIL Commends Bank South Pacific for K1 billion Net Profit

BSP Financial Group Ltd has been commended by Motor Vehicles Insurance Limited MVIL)  for demonstrating resilience in the face of challenges brought about by COVID-19 to recently posting a net profit after tax of K1 billion.

Owning 6.7% shares in BSP, MVIL is one of the top 10 shareholders of the bank. 

MVIL Chairman Eno Daera and Managing Director Michael Makap have both applauded the continued positive achievement adding that BSP is a key investment asset that delivers sound dividend yields and capital value returns in supporting MVlL's compulsory third party insurance business.

Meantime, the duo have expressed their confidence in BSP's recent listing on the Australian Stock Exchange which is timely in its growth phase where shareholders and investors can equally look forward to unlocking BSP's full value potential going forward.

NBC News / PNG Today

Next : Central Governor Robert Agarobe announces death of Goilala MP William Samb