BSP Financial Group Ltd. (AU:BFL) has released an update.
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BSP Financial Group Ltd. reported a 3% rise in third-quarter revenue for 2024, driven by increased activity in FX markets and higher fee income. Despite a 2% drop in operating profit compared to the first half of the year, the company’s focus on modernization has led to an 11% increase in operating expenses. The financial group maintains a strong capital position with a capital adequacy ratio of 24.2%, allowing continued investment in growth and customer service.
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