‘This is about money for innovation and growth, while at the same time being a good corporate citizen.’ Kina has also removed several fees to make its business loans more attractive and offer more transparency in the loan process. (Kina Bank)...
Successive PNG governments have had a long-term plan to encourage the development of small and medium-sized businesses. We’ve already seen a rollout of a cheap loan schemes aimed specifically at assisting SMEs.Kina Bankdid not get involved with that. Let’s talk about what you actually have ...
Kina Bank’s Chief Executive and Managing Director Greg Pawson is expecting to start the SME Capital Fund this year, which will offer PNG businesses a new way of raising money. He tellsBusiness Advantage PNGit is designed to help businesses expand. Kina Haus in downtown Port Moresby. Credi...
In June 2018, Kina Bank announced it would seek regulatory approval to buy ANZ’s retail, commercial and SME banking business in PNG for K24.2 million (AUD$10 million). If approved, the sale gives Kina Bank an additional 15 retail branch premises, 72 ATMs and more than 1800 EFTPOS...
The rebranded bank’s mandate will be tofocus on the MSME, SMEand commercial sectors. ‘We will reinvigorate Westpac’s financial inclusion program that has been dormant for some time. One of the plans, she said, is to introduce ‘fee-free’ banking on transaction accounts for customers a...
‘Customers are attracted to our brand and, now that we have the ability to offer them every service that every other bank in PNG can – and more – that is opening a lot of doors for us as well. Our home loan portfolio has virtually doubled in size – it’s close to half a bill...
Prime Minister Marape arrives in Enga Province to continue post-referendum talks with Bougainville’s President Toroama. Credit: NBC News SMEs TheSME Corporationhas launched its nationwideTrainers of Trainers (TOT) program. It was developed to help business development officers, district de...