BSP Financial Group Ltd. (AU:BFL) has released an update.
BSP Financial Group Ltd. reports a 9.6% increase in Q1 underlying earnings for 2024, yet faces a 2.3% dip in net profit compared to the same period in 2023, due to higher impairments. Despite a growth slowdown in the Pacific Markets, the company maintains a strong capital position with a solid capital adequacy ratio and continued investment in modernization. Notably, revenue experienced an 11.5% rise, with significant growth in loan and deposit volumes and FX income.
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