By investing in technology and focussing on customer experience, we are building the bank of the future. Performance Highlights The Economy Transaction Overview Benefits At A Glance About Kina Bank What You Can Expect To See
Performance Highlights
The Economy - Growth impacted by the 2018 Earthquake PNG’s first Sovereign Bond USD 500m - Successful APEC Summit including USD - $1.7bn partnership AUS, NZ, US and Japan to power 70% of PNG by 2030 - Foreign Currency supply has improved but remains tight - Outlook for inflation and PGK / USD relatively stable - FY 2018 budget deficit of PGK 2.05 bn or 2.5% of GDP - Large resource projects on the horizon, investment est. USD 20bn. Coral Sea cable improving the coverage - and lowering the cost of the internet
Benefits at a glance Acquisition enhances Improved competition Differentiation through our target customer - provides PNG with customer service by segments Retail, SME two very strong design. and Commercial. domestic retail banks. Significant capex 80 new jobs on-shore. Leadership through investment with All decisions local. innovative new digital upgrade of products and channel infrastructure, core Service agreement for offerings. capability and retail remaining ANZ network. customers.
21 Branches Nationwide Expanded Innovative national footprint digital technologies 320 highly Full network coverage skilled staff (ATM, POS and Go-Money)
About Kina Bank Acquired Maybank’s PNG Dual listed on ASX Established in PNG in 1985. operations in May, 2015 and POMSOX Announced acquisition of Founding shareholder Fu Shan ANZ PNG’s Retail, SME and Strengthened Correspondent Investments sold entire stake in Commercial businesses Banking arrangements June, 2018 June, 2018 Largest Fund Administrator in Largest Wealth Management Leading Stockbroking PNG PGK12.0b FUA for over business in PNG PGK7.0b FUM company in PNG. 750,000 members
Our 2025 Vision Purpose Values (FIRTH) Priorities Vision Empowering Papua Fairness Growth To be the most New Guinean's to dynamic, progressive Imagination Resilience have financial and accessible financial independence and Reflection Competitive Advantage services company in security. Togetherness Leadership and Culture Papua New Guinea 500,000 customers Honesty Trust and Reputation PNG’s leading digital 50% digital in 5 years bank
What you can expect to see Simple offers, The best of both convenient and easy banks for fees and to access. charges, and interest rates. Connect anytime, anywhere, anyhow. Approved by BPNG. Market leading home Kina Bank Business loan offer. Facility Rate. Helping Papua New Risk based pricing for Guinean’s into their SME and Commercial first home. customers.
What can you expect to see? Same account and PIN numbers You can continue to use blue plastic cards until they expire 24/7 Call Centre and more self service Online Retail & Business FX EMV chip Debit and Credit Cards that can be used offshore
What can you expect to see? Access to Kina Bank personal and corporate banking mobile apps World class ATM and Ingenico POS network (Tap n Go) Google Pay In branch, new signage, new corporate wardrobe and new teller system.
Kina Bank BSP ANZ Westpac ✔ ✔ ✔ ✔ Traditional cash accounts ✔ ✔ ✔ ✔ Cheque and other accounts ✔ ✔ ✔ ✔ Secured lending ✔ ✔ ✔ ✔ Unsecured lending ✔ ✔ By the end of this year our product X X Funds management ✔ ✔ ✔ and service offering will... X Credit cards ✔ ✔ ✔ ✔ EFTPOS ✔ ✔ ✔ ✔ ECLIPSE THAT OF Online Banking ✔ ✔ ✔ ✔ ATM EVERY OTHER BANK ✔ ✔ ✔ ✔ Branches IN PAPUA NEW GUINEA ✔ ✔ ✔ ✔ Foreign exchange ✔ X X X Funds administration ✔ X X X Stockbroking ✔ ✔ ✔ ✔ Insurance ✔ X X X Trustee Services ✔ X X X Custodian Services
www.kinabank.com.pg
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