Business

BSP opens $4m Nadi Central Business Center and Branch

July 24, 2024 6:25 am

Deputy Prime Minister Manoa Kamikamica stresses that access to a bank is one of the vital steps to ensure that MSMEs have equal opportunity and access to the market.

While opening BSP’s new Nadi Central Business Center and Branch, the Deputy Prime Minister also commended BSP for its community initiatives, as they make banking more accessible and create investment and savings services.

Kamikamica says the $4 million investment by BSP shows their ongoing faith in Fiji, its people, and its economy.

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He stresses that to grow the economy, they cannot do this alone but need the support of financial institutions like BSP in providing accessible finance to farmers, MSMEs, and investors who wish to tap into commercial agriculture or other forms of investment.

The Deputy Prime Minister also highlights the number of investments that are set to begin soon, with BSP being a part of them.

“Right now, we have a pipeline of investments of around six billion in Fiji. Out of that six billion, about two billion will be deployed potentially in the second half of this year, most likely towards the end of the year, and that includes some of the investments that BSP has participated in. If that happens, it will begin to unlock the potential in Fiji.”

BSP Group Board Chair Robert Bradshaw says the investment reaffirms their primary goal to maintain their position as the leading bank in Fiji and throughout the Pacific.

Bradshaw says they are also embarking on their modernization plan, with a key focus on customer experience. He hopes that by the time they roll out the modernization plan, customers will see a different BSP.