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March 9, 2021

BPNG Issues New License to People’s Micro Bank Ltd

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The Bank of Papua New Guineahas presented a new license tothe board ofthe People&#39’s Micro Bank Limited.

Governor Loi Bekani said this will facilitate access to finance for small to medium enterprises through a risk share facility.

Mr. Bekani welcomedthe new entity and its efforts to reach out tothe 85 percent ofthe population that is unbanked or underserved.

This he says supports government&#39’s vision 2050&#39’s objective for a financial inclusive population.

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