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Port Moresby
February 29, 2020
Featured News

BSP and Kumul Consolidated Holdings Sign MOU

Chairman of Bank of South Pacific, Sir Kostas Constantinou, has announced that the bank has entered into a Memorandum of Understanding (MOU) with Kumul Consolidated Holdings.

The objective of the MOU is to establish a joint-venture to operate Pacific MMI Limited in PNG.

Sir Kostas said the MOU also allows for the expansion of the joint-venture activities into Fiji through BSP’s established insurance subsidiary in Fiji.

He said this move was in line with the group’s geographic and business diversification strategy.

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