Papua New Guinea’s financial institutions are playing a leadership role in digitalising its economy. The country’s bankers talk to Business Advantage PNG about their major investments in new technology, and how this is driving business growth.
Banking & Finance
Ivan Vidovich, recently-appointed CEO of Kina Bank, speaks about the financial institution’s digital innovation strategy at the recent Innovation PNG 2025 conference in Port Moresby.
State-owned National Banking Corporation (NBC) secured a commercial banking licence in December 2024. In this exclusive interview, Chairman Darrell Seeto shares his plans to get the bank to profitability and a listing on Papua New Guinea’s stock exchange.
Herbert Maguma, Managing Partner at Deloitte PNG, speaks with Business Advantage PNG about how investments in digital channels and AI are reshaping Papua New Guinea’s financial services sector. He also goes into detail about the likely impact of a financial greylisting on the PNG economy.
Mark Robinson, Chief Executive Officer of BSP Financial Group, sat down recently for a wide-ranging interview with Business Advantage PNG, in which he shared the bank’s digital transformation plans and its efforts to attract more Papua New Guineans to formal banking.
Late in 2024, a 226-page report by the global Financial Action Task Force was quietly published online that may, according to the experts, have a significant impact on Papua New Guinea’s banking and finance system. Business Advantage PNG takes a closer look.
The Teachers Savings and Loan Society (TISA) was granted a commercial banking licence by the Bank of Papua New Guinea in 2024. TISA Group CEO Michael Koisen shares the new bank’s growth plans in an exclusive interview with Business Advantage PNG.
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
There is a “a wave of regulation on climate disclosure coming into effect all over the world,” including in all Papua New Guinea’s major trading partners, reports Geri McMahon, KPMG Australia’s Global Head of ESG, Asset Management Sector. Watch her presentation on what business needs to know from the 2024 Business Advantage PNG Investment Conference.