Kina Bank was established in Papua New Guinea in 1985 as a diversified financial services company. We’re listed on both the Australian and Port Moresby Stock Exchanges and are distinguished for our funds administration, funds management and stockbroking, which complement our banking services.
We’re proudly Papua New Guinean and our vision is to be the most dynamic, progressive and accessible financial services company in PNG and our appetite for growth and investment means we are fast growing.
We service retail, commercial and SME customers across the country and offer end-to-end financial solutions from savings accounts to small business loans, investments to mortgages, financial advice and investment management. We are committed to delivering exceptional service and this is what sets us apart in the market.
In June 2018, Kina Bank’s founding and major shareholder Fu Shan Investment Ltd sold their entire stake in Kina Bank. The sell-down, managed by Morgans Financial Ltd, prompted strong demand from both PNG and overseas investors. Shares were bought by a range of new and existing institutional and retail investors in Papua New Guinea and Australia.
We also announced the proposed acquisition of ANZ PNG’s retail, commercial and SME businesses, which would include all retail branches, ATMs and EFTPOS terminals. The proposed acquisition will make Kina Bank the second largest bank in PNG and a genuine, better alternative banking option for customers and communities. With a comprehensive national footprint we will expand our distribution network and enhance our suite of products and services. It will also bring many new jobs to PNG which are currently performed off-shore.
Our aspiration is to be PNG’s leading digital bank and our dynamic approach means we’re excited to be at the forefront of new technologies. Our banking platform is one of the newest and most contemporary in the region with a world-leading digital capability and we offer best-in-class products such as our mobile banking app and superannuation app, as well as exceptional service.
Kina Bank operates through two customer focused business divisions: Wealth Management and Banking.
- We are the largest wealth management business in PNG,
with over K7 billion of funds under management
- We are the largest fund administrator in PNG,
administering accounts on behalf of more than 700,000 beneficiaries whose funds total approximately K12 billion
- We are the leading stockbroking company in PNG,
transacting a substantial percentage of trades on the Port Moresby Stock Exchange (POMSoX).
We believe in life-long customer relationships and strong, valued strategic partnerships that form the cornerstone of Kina Bank.