The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Banking: Too big to fail in Papua New Guinea

Bank South Pacific dominates most of the markets that it serves, but it is not big enough to find an exchange suitable for a long-discussed second listing.


Robin Fleming, CEO of Papua New Guinea-based Bank South Pacific

As might any banker who sports the startling nickname of ‘porn star’ among his colleagues and associates, Robin Fleming is almost destined to confound in person.

For a start, Euromoney waits 75 minutes for a long-arranged meeting with Fleming to discuss the bank he runs, the Papua New Guinea-based Bank South Pacific (BSP). It is the region’s biggest bank; BSP’s systemic 60% to 65% market share keeps its home economy afloat; and it has offshoots in Fiji, Tonga, Vanuatu, the Solomon Islands and Samoa. 

Unusually for a bank, BSP is also PNG’s biggest taxpayer, so there is a lot to talk about, except Fleming lingers in the office next door, chatting and laughing with colleagues. And PNG’s fabled coffee has not made it to his waiting room.

Admittedly, we are unlikely to be the most important engagement in his diary. In small-town Port Moresby, that would be, as Fleming would admit, PNG’s prime minister, Peter O’Neill, Fleming’s former boss. 

Queensland-born Fleming’s moniker apparently derives from his trademark handlebar moustache, and the nickname says less about him than it does about PNG’s blokey business community. 

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree