The BSP Financial Group Limited (BSP) continued to record yet another profit in 2022 despite all the challenges the year brought . The BSP group Acting Chief Executive Officer (CEO) Mr. Ronesh Dayal, said the group recorded a net after profit of K1billion, which is up 5.7% from 2021. He made these remarks today when presenting the group's 2022 Full Year Results Mr. Dayal said, “This good result is attributed to the reopening of the borders post COVID and the improved economic activities.” “Although the results were good for 2022, it could have been better.” "The results were impacted by the K190million Additional Company Tax and a one off K135million credit tax expense that resulted from the restatement of deferred tax balances for PNG bank from 30% to 45% in December 2022." Despite this, Mr. Dayal said the bank also saw increased transaction channels, lending, electronic banking and it continues to expand services with the opening of new branches and ATMs through out the country. He added that the good results make the statement that BSP continues to be the largest bank in the South Pacific and Papua New Guinea. “BSP aims to do even better in 2023 for its customers and shareholders alike.” [embed]https://fb.watch/iZ9PwWXrWw/[/embed]