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Our MissionKey Features of BSP StrategyTo create value for our stakeholders by delivering innovative and cost effective financial Focus on Sales & Service High Performing Teams Operational ExcellenceProfitable Growth Our VisionTo be the leading financial services provider in our chosen marketshelping customers, staff, shareholders and communities s Report 4A Brief History of BSP 6 Board of Directors 8 Group CEO s Report 10 Strategic Business Unit Reports 12 Corporate Governance 21 Historical Summary 29 Contributions by BSP to PNG 29 Overseas Branches & Subsidiaries 31 Financial Statements 39 Dir ectors Report 40 St atements of Comprehensive Income 42 St atements of Financial Position 43 St atements of Changes in Shareholders Equity 44 St atements of Cash Flow 45 Not es to the Financial Statements 46 Independent Auditor s

8 BANK OF SOUTH PACIFIC LTD ANNUAL REPORT 2016 BOARD OF DIRECTORS DR. ILA TEMU, PhD, MEc, BEcon | Non - Executive Director. Director since June 2003. Dr Ila Temu achieved a distinguished academic career with the University of Papua New Guinea, The National Research

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