Bank South Pacific (or BSP) is the largest bank in Papua New Guinea, with 35 branches throughout the country as well as in 6 other countries (Fiji, Samoa, Cook Islands, Solomon Islands, Vanuatu and Tonga).

BSP currently services over 650,000 business banking customers throughout the Pacific. As at 31st of December 2014, BSP had total assets valued at K15.8 billion (kina). Bank South Pacific is listed on the Port Moresby Stock Exchange.

On 29 January 2015, BSP announced that they had entered into an agreement to acquire Westpac's banking operations (an Australian-based bank) in the South Pacific for A$125 million (Australian dollars).

Papua New Guinea is classified as a developing economy by the International Monetary Fund. Strong growth in Papua New Guinea's mining and resource sector led to the country becoming the sixth-fastest-growing economy in the world in 2011. Growth was expected to slow once major resource projects came on line in 2015. Mining remains a major economic factor, however.

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