BSP has restored its banking services to Kerema Town after six years. The new facility was opened yesterday by Gulf Governor Havila Kavo and BSP Chief Executive Officer Robin Fleming.
The opening of the new BSP Sub Branch will now provide the once absent avenue for individuals and business houses to save money and venture into business activities.
In the past, people used to travel by road to Port Moresby to access banking service. It was an expensive exercise and people spend close to K1000 just to withdraw money.
“We spend K800 on transport and spend about four days in Port Moresby just to do banking, we are very happy the banking service is now here in Kerema”, Venianna Frank.
The Bank was officially opened after five years of extensive negotiation between BSP and the Gulf Provincial Government
Since its closure in 2008, the economic activities in the province have decreased. Public Servants like teachers and nurses have left their jobs forcing students and patients to seek educational and health services outside of Gulf.
The Bank opening is a breakthrough for the Gulf community and people travelled into Kerema from other districts and performed dances to celebrate the restoration of this service.
Despite it being a sub branch, the services here includes, cheque withdrawing, normal deposit and cash withdrawing and account opening.
After the ribbon cutting, Gulf Governor Havila Kavo test swiped his card to official open the bank service.
A security fee of K1 million kina from the Gulf Support Improvement Program was used to restore the service into the province.