Banks in Papua New Guinea - PNG Facts

Exchange rates (subject to change) for major currencies: PGK 1:00 is equivalent to:

USD0.4810
AUD0.4594
GBP0.2986
EUR0.3722N
ZD0.5856JPY37.3800
SDR0.3122

Banks in Papua New Guinea

There are several commercial banks in Papua New Guinea.

Banks
There are six commercial banks operating in Papua New Guinea. They are

Bank South Pacific,
Australian & New Zealand Banking Group (ANZ),
Westpac Bank
Kina Bank
World Bank
PNG National Development Bank (NDB)
Central Bank of Papua New Guinea
The National Development Bank of Papua New Guinea
Womens Bank
Micro Bank of PNG

B) Licensed Financial Institutions
1. Credit Corporation Finance Ltd
2. First Investment Finance Ltd
3. Finance Corporation Ltd
4. Heduru Moni (Moni Plus) Ltd
5. Kina Finance Ltd
6. PNG Home Finance Ltd
7. Resource & Investment Finance Ltd
8. Papua Finance Ltd
9. BSP Finance (PNG) Ltd
10. PNG Microfinance Ltd
11. Nationwide Microbank Ltd
12. Kada Poroman Microfinance Ltd
13. People’s Micro Bank Ltd
14. Women’s Micro Bank Ltd

Opening hours: 8.45am to 3pm from Monday to Thursday and from 8.45am to 4pm on Friday. A branch of Bank South Pacific is open for business at Port Moresby’s International Airport for currency exchange at arrival and departure times of all international flights.

ATMs & Eftpos
ATMs are located in major towns and cities. Eftpos is found in major hotels, shops, restaurants and many other locations.

Credit cards
Major credit cards (Visa, MasterCard, American Express, Diners & JCB) and traveller’s cheques are accepted at most leading hotels, restaurants and travel agencies.

Money transfers

Western Union – Located at major Bank South Pacific branches.
Travelex – Located at major ANZ branches.
Telegraphic transfer – Remittance via the bank account of the same bank.
Salim Moni Kwik (SMK) – Same day domestic money transfer by Post PNG

Other Finance Companies

Fincorp Ltd
Kina Finance
Easy Loan

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