The growing international marketplace requires expanding businesses to deal with global banks in Papua New Guinea. Papua New Guinea banks offer business owners the security of working with both local Papua New Guinea banks and banks with familiar names.

Papua New Guinea banking institutions provide clients with the ease of working with their US based banks. US based banks in Papua New Guinea as well as other global banks in Papua New Guinea give customers peace of mind.

International banking in Papua New Guinea helps business owners expand easily to this growing global marketplace. Papua New Guinea banks get commercial customers the products they need to establish successful businesses or expand global franchises to the Papua New Guinea economy. Work with a bank of Papua New Guinea to:

1. Invest in the growing Papua New Guinea economy through Papua New Guinea banking institutions.

2. Understand the culture and climate of doing business in Papua New Guinea.

3. Strengthen your business presence through PNG banks.

4. Establish your business as a competitor in the global marketplace.

Action Steps
The best contacts and resources to help you get it done

Understand Bank of Papua New Guinea monetary policies and investment opportunities

Whether you are setting up a business or looking to invest in Papua New Guinea companies, you'll need up-to-date information on the country's monetary policies and investment profile.

I recommend: The Bank of Papua New Guinea , PNG's central bank, sets monetary policies and regulates currency. See the Asian Development Bank for profiles on investing in Papua New Guinea.

Use local commercial banking in Papua New Guinea as a resource for community involvement

Working with a local Papua New Guinea bank helps establish your business as a contributor to the local economy. A good relationship with a Papua New Guinea banking institution gets you recognized as a trusted partner in progress in your business location.

I recommend: Westpac Bank of Papua New Guinea and Bank South Pacific have locations and branches throughout the country to serve all your business needs.

Compare banks in Papua New Guinea based on products offered and types of service

Each bank in Papua New Guinea has something different to offer clients. Look for banks with a variety of savings and investment tools without excessive costs. In addition, look for banks with that specialize in helping business owners.

I recommend: Use May Bank or ANZ of Papua New Guinea for a wide variety of banking options, locations, products and services throughout the island nation.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Do your homework about the culture in Papua New Guinea before beginning a relationship with local banks in Papua New Guinea. Finding out what you need to know about etiquette and customs help keep you from offending anyone before ever getting started.
• •  Make sure when banking in PNG you have a well-qualified translator or someone in your financial institution that can help you with language barriers. English in one of the official languages of Papua New Guinea, but having someone to help with other languages, dialects and vocabulary is a good idea.