BSP’s Financial Literacy program continues in selected schools in partnership with its community partner, NRL Club, Brisbane Broncos.
Students from the St. Joseph Malagunan Primary School in Rabaul, East New Britain (ENB) province, were the recent recipients of the program that aims to help school children understand the basics of budgeting in order to make better future financial decisions.
BSP Rabaul Branch Manager, David Pilai and his team conducted the training to more than fifty Grade four students last week, which resulted in fifteen Sumatin Accounts and seven Kids Saving Accounts opened.
Pilai explained to the students that with growth comes added responsibilities of ensuring that BSP customers, especially in rural areas, are empowered and well informed in financial literacy.
“Financial literacy is an important part of BSP’s contribution to the communities that we operate in. Our teams visited selected schools to run training conducted by trained financial literacy trainers and delivered through BSP branches across Papua New Guinea and the Pacific.”
“We target schools, churches, organized community groups, businesses, and corporate organizations.”
Since 2014, BSP has reached more than 168,000 students of which 1,100 students have participated through the bank’s community partnership with the Brisbane Broncos.
“We remain committed to reaching more students under this program and continue to capture the unbanked population where we operate.”
Furthermore, students from Grades 4 and 10 are the targeted audience under the financial literacy program. More schools will be visited in coming months in NCD and ENB.