Papua New GuineaTrack Record
Interim Management and Institution Building Programme – Bank South Pacific
New management of the largest bank in the Pacific region, Bank South Pacific (“BSP”), headquartered in Port Moresby, retained FA to perform an overall Performance Scan (gap analysis against international best practice) on the bank, followed by the development of a multi-year Institution Building Programme for which FA is delivering several (interim) line managers as well as supporting technical assistance on a short-term basis. The project is designed to stabilize the bank in difficult market conditions and to lay the basis for sound development of the bank nationally and cross-border in the region. BSP, government-controlled, is the dominant national bank, playing a central role in PNG’s economy and financial system.