Licensed Financial Institutions
LIST OF AUTHORISED OR LICENSED FINANCIAL INSTITUTIONS IN PAPUA NEW GUINEA
AS AT 30 AUGUST 2024
As part of the ongoing efforts by the Bank of Papua New Guinea (“the Central Bank”) to inform the general public of the authorized financial institutions, the Central Bank hereby provides an update as at 30 August 2024. The general public is again reminded of the need to conduct financial transactions only with financial institutions authorized by the Central Bank.
The following financial institutions listed below are authorized or licensed under the Central Banking Act 2000, Banks & Financial Institutions Act 2000, Savings and Loan Societies Act 2015, Central Banking Act 2000, Superannuation (General Provisions) Amendment Act 2000 and Life Insurance Act 2000. It is illegal for any company or person whose name is not listed below to conduct any form of business meant for these institutions without a licence from the Central Bank.
- Commercial Banks
- Licensed Financial Institutions (LFIs)
- Savings & Loan Societies
- Payment Service Provider
- Authorised Money Remitters
- Authorised FX Dealers
- Authorised Bureau of Currency Exchanger (Money Changers)
- Life Insurance Business
- Superannuation Funds (Licensed Trustees)
- Gold Exporters
- Gold Export License Application & Requirements