ASX-listed BSP Financial eyes best day ever on Papua New Guinea's banking sector pledge

BSP Financial

12/09/2025 03:43

** Shares of BSP Financial Group BFL.AX advance 10.5% to A$7.89, set for their best session ever

** Papua New Guinea-based firm says it appreciates statement from the country's prime minister regarding the government's commitment to a strong, competitive banking sector in the country

** Co on Tuesday warned of likely material profit impact from the government's decision instructing departments to transfer accounts from commercial banks to the new state-owned National Banking Corp

** However, "given recent clarifications, BSP does not anticipate a material impact on its 2025 financial results," it said on Friday

** Over 31,000 shares change hands, 2.4x the 30-day avg

** YTD, stock has gained 18.5%

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))