Finance

Closure of BSP Sub-Branch at PadiPadi

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Four BSP Sub-Branches are temporarily closed for business due to Law and Order issues in four Provinces.

The recent being the closure of BSP’s Sub-Branch at PadiPadi in the Milne Bay Province as a result of an attempted armed robbery around 12pm yesterday.

BSP CEO Robin Fleming said fortunately, no staff were seriously injured despite being assaulted during the course of the incident.

The closure of BSP at PadiPadi follows the closure of the BSP Bank at Henganofi, Koroba and Yangoru Station due to Law and order issues.

“While there is a need for Banking Services in these communities, such criminal attacks as this put the safety of BSP employees at risk.

“The safety of BSP staff takes priority,” said Fleming.

This is the second attack on BSP at PadiPadi, the first was in 2016.

In May of 2018, a BSP ATM was stolen at Hagita Estate and never recovered.

Another BSP ATM at the Alotau International Hotel was also stolen by criminals in 2019.

As the only bank that operates in rural areas, CEO Fleming appealed to communities to provide the support for BSP to ensure that the provision of these services is not put at risk.

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