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Fiji Time: 8:42 PM on Thursday 24 April

/ Front page / Business

Bank expands reach

Ropate Valemei
Saturday, January 19, 2013

THE Bank of the South Pacific (BSP) allocated $200,000 for charity projects carried out by 20 branches around Fiji last year.

And the same amount was expected for similar commitments this year as BSP corporate and international general manager Cecil Browne revealed $10,000 was allocated to each branch for projects in the community.

"The project could be two or three for each branch and the idea is for staff members to identify and be part of the project," Mr Browne said.

"Our focus is on donations for the needy in terms of education, medical health centres in rural areas, primary school projects, sports and disability schools."

Discussing plans for the year, he said the bank was considering the possibility of opening a new branch along the Suva-Nausori corridor.

Mr Browne said this was one of their biggest projects they planned to achieve this year.

He said BSP planned to open a new branch at the multi-million dollar Damodar City Centre in March.

"We have leased two shop spaces and our branch will be operating there.

"This would add to our existing 20 BSP branches around the country," he said.

Meanwhile, Mr Browne said competition from other commercial banks was a norm particularly with an increase in the number of commercial banks opening in the country.

"We've got strategy plans in place to keep our customers and we always make sure they are looked after."

Mr Browne said he was confident that BSP had protected and retained their portfolio.