BSP Financial Group Ltd

  • IPO date:
  • Sector: Financial Services
  • GIC Group: Banks
  • Industry: Banks-Regional
  • Company website

Company description

BSP Financial Group Limited provides commercial banking and finance services to individual and corporate customers in Papua New Guinea, the Solomon Islands, the Fiji, the Cook Islands, Samoa, Tonga, Vanuatu, Cambodia, and Laos. The company's products and services include transaction, saving, solicitor's trust, foreign currency, and business cheque accounts, as well as term deposits; personal, home, personal asset, bridging, tailored business, commercial and residential property investment, construction development, and seasonal finance loans; debit and credit cards; SME business loans; overdraft, asset financing, insurance premium funding, prioritized loan processing, safety deposit box, and electronic banking services; and online business banking services. It also offers FX payment, foreign currency notes, exchange rates, and tax clearance procedure services; documentary collection, trade refinance, and letters of credit; and fund management and life insurance business service. The company was formerly known as Bank of South Pacific Limited and changed its name to BSP Financial Group Limited in March 2021. BSP Financial Group Limited was founded in 1957 and is based in Port Moresby, Papua New Guinea.

Financial highlights

Market Capitalization$2513.6435 million
P/E Ratio5.3
P/E Growth Ratio
Book Value
Dividend Per Share0
Earnings Per Share0.98
EBITDA
Profit Margin0.4342
Operating Margin TTM0
Return on Assets TTM0.0333
Return on Equity TTM0.3028
Revenue TTM0

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2017-12-31
2018-12-31
2019-12-31
2020-12-31
2021-12-31 2,341,225 2,341,225 578,546
2022-12-31 2,571,812 2,571,812 409,026

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2017-12-31 22,369,861 19,746,010 274,819 373,001
2018-12-31 23,050,060 20,181,503 219,825 372,364
2019-12-31 24,527,118 21,413,913 116,817 372,310
2020-12-31 27,523,437 24,090,483 245,614 372,189
2021-12-31 5,837,745 30,446,268 510,876 510,876 245,614 372,133
2022-12-31 8,017,467 33,890,104 532,061 532,061 246,480 372,110

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2017-12-31 757,003 -216,556 -419,160 521,858
2018-12-31 844,072 -350,032 61,919 597,364
2019-12-31 890,363 37,116 699,173 653,940
2020-12-31 806,218 842,351 1,203,284 3,958,386 569,191
2021-12-31 1,075,218 973,257 -89,303 3,958,386 3,869,083 676,464
2022-12-31 1,081,069 2,658,200 1,349,417 3,889,331 5,238,748 788,906