Banks
Papua New Guinea’s banking sector consists of four commercial banks and various other licensed financial institutions and credit unions. In 2002 the former Papua New Guinea Banking Corporation merged with Bank South Pacific Ltd, making it the largest bank in the country. The other large commercial banks are Westpac (PNG) Ltd, ANZ (PNG) Ltd and Maybank (PNG) Ltd, all of which function as subsidiaries of international banks. In 2012 there were 22 registered Savings and Loans companies in the country and ten other non-bank financial institutions including investment and microfinance companies.
