Results for BSP Financial Group profit

BSP Tonga | Bank of South Pacific Tonga Limited (BSP) today announced a Net Profit after Tax of T$11.6 million for the financial year ending 31 December, 2024. The results are a 20.9% decrease from FY2023, attributed to an increase in loan impairments and inflationary pressures, which in turn saw an increase in Operating Expenses.