PNG’s financial services sector, which is regulated by the Bank of Papua New Guinea, is considered amongst the most competitive in the Pacific region.
While retail banking has grown, the remoteness of the bulk of PNG’s population and its challenging terrain mean that physical retail outlets are costly to establish and maintain.
To increase financial inclusion and financial literacy, there has consequently been a heavy focus on mobile banking and e-commerce, which is gaining traction, including in remote areas. PNG nevertheless has one of the lowest levels of formal banking in the world.
(Source: Doing Business in Papua New Guinea)
Please find below a listing of Papua New Guinea’s leading financial services businesses. Includes banks, finance companies, stock exchange, insurance brokers, insurers, microfinance companies, foreign exchange dealers, investment funds, superannuation funds and service providers to the sector.
Credit Corporation (PNG) Limited commenced business in 1978 as a general finance company and over the past 40 years has grown to become one of the South Pacific’s most progressive financial institutions.
We service retail, commercial and SME customers across the country and offer end-to-end financial solutions from savings accounts to small business loans, investments to mortgages, financial advice and investment management.
Here at Moni Plus, we provide market leading solutions in Personal Loans, Asset Finance, Foreign Exchange and offer attractive and competitive rates for Fixed Term Deposits.
Nambawan Super Limited is the Licensed Trustee of Nambawan Super (“The Fund”), an Authorised Superannuation Fund, operating as an accumulation fund.
Nasfund is PNG’s largest industry fund for professionals in the private sector and government-owned corporations with 590,000 member accounts.
We were the first bank in Papua New Guinea and we’ve been by your side ever since, helping create a brighter financial future for you and for generations to come.