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BSP Financial Group Ltd. ( (AU:BFL) ) has issued an announcement.
BSP Financial Group Ltd. reported a strong start to 2025, with a 6% increase in group revenue for the first quarter compared to the previous year, despite a rise in operating expenses by 18%. The company’s unaudited net profit after tax increased by 13% to K243 million, driven by lower credit impairment charges and improved credit quality. The capital adequacy ratio stood at 24.4%, well above regulatory requirements, supporting continued loan growth and transformation investments. The company also paid a final dividend of K569 million to its shareholders, highlighting its robust financial position.
More about BSP Financial Group Ltd.
BSP Financial Group Ltd. is a financial institution based in Papua New Guinea, focusing on banking services across the South Pacific region. The company aims to become the South Pacific’s International Bank by modernizing its operations and enhancing customer experience.
YTD Price Performance: 20.04%
Average Trading Volume: 6,976
Technical Sentiment Signal: Sell
Current Market Cap: A$3.5B
Learn more about BFL stock on TipRanks’ Stock Analysis page.