BSP spreads its wings

( Opinion by Glenn Armstrong) BSP’s controversial new logo may well be an indication that the bank, which has outgrown Papua New Guinea, has plans to spread its wings further throughout the Pacific. Bank South Pacific currently operates in the Cook Islands, Fiji, Solomon Islands, Samoa, Tonga, and Vanuatu, alongside its historical home base in Papua New Guinea. But is an entry into New Zealand now on the cards? The new BSP logo bears some resemblance to that of New Zealand’s national airline. It’s as if the brief was, “We want something similar to that of Air New Zealand.” In November 2023, the Prime Minister of Samoa, Fiamē Naomi Mataʻafa, made a bold suggestion that BSP should consider opening branches in Australia and New Zealand to 'service the Pacific diaspora', teasing the prospect of future expansion of the bank. See: https://www.samoaobserver.ws/category/samoa/106571 So, the shift in BSP’s corporate identity may well be a hint at an entry into the New Z...