NDB to set up branches in four centres

Business, Normal

The National, Thursday March 13th, 2014


NATIONAL Development Bank (NDB) managing director Moses Liu yesterday announced the bank will set up new branches in four centres soon as more entrepreneurs seek banking services.

“At present, we have 20 branches and this year, we’ll be rolling out another four. 

“We are going into Kiunga, Kerema, Vanimo and Lorengau. 

 “We want to bring our services to the rural people as much as possible.

Liu said they were looking at the logistics and making sure that they have a good business space for a branch in each of these locations.

“People in each of the provinces needed bank services, that is why NDB, as the parent entity (of Pipol’s Micro Bank), we want to make sure that we go to these places.

We have an obligation to serve the community and the people’s business needs.

Meanwhile, Liu said the bank appreciated this year’s government budget allocation to the bank, which would help it in reaching out to the unbanked population through its services and programmes. 

“We’re quite happy with what we were allocated with. 

“Under the government’s funding and budgeting scheme, we felt that we are one of the priorities under the development programme.

NDB and the Pipol’s Micro Bank received a total of K100 million, with K85 million going to the mother bank.

“We will use part of that K85 million to fund the StretPasin business scheme.”