He was responding to questions on the current situation.
Mr Fleming said the foreign exchange market continues to wrap around the current levels at the moment despite the fact that some businesses are betting smaller inflations but is optimistic that with the help of the LNG projects such as Muruk and Papua LNG would help to ease the issue.
He said from BSP’s best perspective on the issue is that ExxonMobil has fully acquired InterOil’s interest that would accelerate some of the associated work with improving the resources and progress in some of the activities around Papua LNG project.
"Most of our payments are made within three to four weeks but we try as much as possible to serve customers and ensure that the business operate somewhat similar to last year we cannot expect the situation to get any worse as it will be better in time," he said.
Mr Fleming had also stated that the bank had not ruled out the option of dual listing.
Mr Fleming said the bank is still exploring avenues and opportunities to improve on its operations which is likely to involve the stock exchange outside PNG.
"As we progress to the stage whereby we have more confidence on the process then we will make the announcement to the market so that all shareholders in the market is well informed.
We haven’t made the announcement on the shares yet as we are yet to confirm our stand on dual listing but our dividend policy is in a range of 65 to 75 per cent of our net product.When the board does make that decision there will be a formal announcement immediately on the decision that the dividend has been paid," he clarified. Post Courier/PNGfacts