ANZ confident about country’s future


ANZ is committed to Papua New Guinea and is excited about the future of the country, country head Mark Baker, pictured, says.
“When we look into the decade ahead, this is a country which potentially is going to be on a path of growth which I think we haven’t seen on a sustained before,” he said.
Baker said the PNG LNG, Papua LNG and Wafi-Golpu projects had the potential to help pay off the national debt by the mid-2020s and other projects following them would boost the nation further.
ANZ’s sale of its retail, small to medium enterprise (SME) and commercial banking businesses to Kina Bank was expected to be completed next month.
Baker said this during the opening of its Waigani corporate centre in Port Moresby last week.
He said ANZ through its programmes, would continue despite the transition.
“Whether programmes are money minded for individuals, SMEs, financial education will go on despite the change of our business models and we are very committed to making sure that we still are a responsible corporate citizens.”

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