The lender, which trades as Bank of South Pacific and has a market value of $2.3 billion, has breached PNG’s prudential standards by allowing its chairman, Kostas Constantinou, to serve in the role for more than six consecutive years.
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Angus Grigg is an investigative reporter based in Sydney. He has worked as a foreign correpondent in China and Indonesia, and has won two Walkley Awards. Connect with Angus on Twitter. Email Angus at agrigg@afr.com
