The National Development Bank has opened its fourth branch in the Northern provincial town of Popondetta yesterday.
The state of the art building costing over three million kina, was officially opened for business by Agriculture and Livestock Minister, who is also responsible for NDB in Parliament, Tommy Tomscoll.
Witnessing the opening ceremony was Oro Governor, Gary Juffa, Sohe MP, Delilah Gore, Ijivitari MP, David Arore, NDB Managing Director, Moses Liu, and other senior staff of NDB and Micro Bank.
A Sohe singsing group led the dignitaries into the venue, offering them a red carpet welcome.
Scores of people turned up to witness the opening of this new state of the art NDB Bank.
In his welcoming speech, Oro Governor, Gary Juffa, thanked the management of NDB for opening their branch in Popondetta.
Governor Juffa then committed five hundred thousand kina, from the PSIP funds, towards the bank to assist women to start small businesses, encouraging them to open savings account.
NDB Managing Director, Moses Liu, WHO’spoke highly on promoting a “savings culture”, said NDB is following the pathway to achieve the Wealth creation pillar outlined in Vision 2050.
Keynote speaker, Tommy Tomscoll, said currently NDB holds only two percent of the market in PNG. He said the bank is a development agent for the government and encouraged the people to invest in it.
MPs Delilah Gore and David Arore presented separate cheques of five hundred thousand kina each, from DSIP funds to the bank, to assist people in their respective districts to borrow and do business. The bank was officially opened by Mr Tomscoll.
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