BSP Vanuatu

Mr Regenvanu said, “2019 saw a reduction of 36% in net profit to Vt186.5m. The decrease was mainly a result of the softening economic position in Vanuatu and also an increase in operational expenditure in the business.”

Deposits from customers increased by 6.4% to Vt16.3b while the loan portfolio remained relatively stable at Vt9.6b.

The total Income decreased by Vt33m to Vt1.129b.

The majority of this decrease was from Non Interest Income.

The support will assist the popular mini museum and project office in Luganville carry out activities in developing a destination of choice for remembrance and discovering the untold stories of hidden Vanuatu histories.

"We are pleased to back the museum in continuing to exhibit and display the exciting and meaningful collection of art and history of Vanuatu," said BSP Santo Branch Manager Edwige Wensi.

"We remain a proud supporter to the museum in driving tourism and culture by promoting with positive messages in the country," she added.

Fleming told The National that he and chairman Sir Kostas Constantinou visited Port Vila last week for the opening of BSP Vanuatu.

“Our customers were positive of the change in ownership to BSP, noting that our staff were enthusiastic and responsive, and also very proud to be the newest members of the BSP family,” Fleming said.

“We gave the clients in Vanuatu a background on the proud history of BSP, its Papua New Guinean ownership, its strong balance sheet and profitability, as well as its commitment to the region.”