The PNG banking sector today announced the formation of the PNG Banking Association a new industry body representing all PNG banks.
PNG Banking Association (PNGBA) is committed to supporting a strong, stable, trusted and inclusive banking system.
At PNG BA’s first meeting in Port Moresby, Mark Robinson, CEO of Bank of South Pacific (BSP), was appointed as the inaugural Chair of the Banking Association and Ivan Vidovich, CEO of Kina Bank, was appointed as Deputy Chair.
“By coming together, the banking sector can do more to contribute to a strong, stable, trusted and inclusive banking system, to grow the PNG economy and support the financial well-being of all Papua New Guineans,” Robinson said
“An initial priority will be ensuring a high level of support across the banking sector for the PNG Government’s work to address the items required for PNG to be removed from the Financial Action Task Force’s grey-list.
Members of the PNG Banking Association are licensed Commercial Banks including BSP Financial Group Limited (BSP), Kina Securities Limited (Kina Bank), Westpac Bank PNG Limited (Westpac) Australia and New Zealand Banking Group (PNG) Ltd (ANZ), TISA Bank Limited (TISA), National Banking Corporation (NBC) and CreditBank PNG (Credit Bank)
