Bank of PNG extends services to Lae

 By JUNIOR UKAHA

THE Bank of Papua New Guinea is branching to Lae to take services closer to its clients.

The bank’s management was in Lae on Monday for the ground-breaking ceremony for its new Currency Distribution Facility to be built on Third Street.

Bank Governor Loi Bakani said the decision to come to Lae was to bring the bank’s services to clients in the region.

“This is the first time for BPNG to come outside of Port Moresby,” Bakani said.

“We did come to Lae four years ago when we held the Financial Inclusion Expo at the Sir Ignatius Kilage Stadium. 

“We have chosen Lae to build our CDF office as it is a strategic location where we can reach out to other areas as well.”

Bakani said the facility would provide financial awareness, research, financial inclusion programmes and opening of accounts.

Morobe Governor Kelly Naru thanked  the Bank of Papua New Guinea for having the confidence in the province by setting up an office there.