Rise in loans make this a good year for women’s bank

THE Women’s Micro Bank Limited has described 2017 as a successful year for the bank.
Chairman Ricky Mitio said the loan portfolio had increased three times.
He wished customers and women a Merry Christmas and Happy New Year.
“Year 2017 was a very successful year for your own mama bank in many aspects. Due to your continued support, WMBL has made a threefold loan portfolio and a good increment in savings portfolio with more than 5000 new mamas joining during this period.
“The first Women’s Micro Bank opens its ownership through a share float to its customers.
This consolidates its position as the first mama-owned Bank in Papua New Guinea and the Pacific.”
Mitio said it had become necessary for the board of directors to extend the share offer period due to high demand for the share purchase from rural women.
“I am therefore pleased to notify all the registered members and customers that the board has extended the non-public share offer originally offered for three months to June 30, 2018.
“The shares are still offering at K1 per share. Minimum amount to purchase shares is K100. Registered members and customers are requested not to deal with any third party.
“You must come to the nearest branch/agency of WMBL to purchase the shares or deposit the money into the designated share account at BSP.”