Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Credit Corporation PNG Commercial Bank Approval - Exciting Opportunities Ahead

Credit Corporation PNG has reported its financial results for the financial year ending December 31, 2022. 

  • The company's core operating profit was K98.8m, up 25.0% from the previous corresponding period (PCP). 
  • The net profit after tax (NPAT) was K86.04m, an increase of 11.9%. 
  • The company's earnings per share rose from 25 toea to 28 toea per share. 
  • The total risk-weighted capital ratio increased from 40.1% to 45.0%. 
  • The dividend per share for FY22 was 22.5 toea, up 25.0% from the previous year.

Download the full report here.

Credit Corporation Commercial Bank - Credit Corporation PNG


Credit Corporation PNG dividend income

The Finance Division of Credit Corporation had an NPAT of K36.6m, up 41.9% from the PCP, while the Property Division recorded a core operating profit of K13.4m, up 31.0% from the PCP. 

The company's dividend income increased from K52.9m to K61.5m.


Credit Corporation PNG Commercial Bank 'Approval'

Credit Corporation is transitioning to becoming a fully-fledged niche commercial bank, and the Bank of PNG granted it 'Approval in Principle' for an unrestricted banking license. 

The company's outlook is positive, and it will continue to focus on pursuing growth opportunities while maintaining a strong balance sheet and disciplined approach to managing the quality of its loan book.


Investors' takeaway

For investors, the key takeaways are that Credit Corporation's financial performance for FY22 was strong, with an increase in profitability, earnings per share, and dividend per share. 

The company's decision to transition to a fully-fledged niche commercial bank and its Approval in Principle from the Bank of PNG for an unrestricted banking license are important developments to watch. 

The company's focus on disciplined management of its loan book and strong balance sheet is reassuring for investors.

Read about how to invest in PNG Stocks, Treasury Bills and Government Bonds.


In Brief:

Credit Corporation PNG has reported a strong financial performance in FY22, including a 25% increase in core operating profit and 11.9% rise in NPAT. The Group's total risk-weighted capital ratio rose to 45%, while its property division recorded a core operating profit of K13.4m. Credit Corporation also declared a final dividend for FY22 of 12.3 toea per share, a 25% increase compared to FY21. The Bank of Papua New Guinea granted the company 'Approval in Principle' for an unrestricted banking license, allowing it to transition to becoming a bank and ultimately listing on the ASX.



ANZ Transactive PNG Information for Customers

ANZ Transactive PNG is a cutting-edge digital banking platform designed to streamline and simplify banking operations for ANZ customers in Papua New Guinea. Business customers can securely manage their accounts and conduct a wide range of banking activities online, saving time and effort. 

In this article, we will delve into the key features and benefits of ANZ Transactive PNG, including:

  • Transactive Login,
  • Online Banking,
  • Banking Features,
  • Share Price,
  • Internet Banking,
  • Share,
  • Credit Card, and
  • Exchange Rate.

This article is for information only. If you need further clarification, see your nearest ANZ branch.


ANZ Transactive Login

Logging into ANZ Transactive PNG is easy and secure. Customers can access the platform through the official website and enter their login credentials, including their customer identification number (CIN) and password. 

Once logged in, customers can enjoy a wide range of features and services tailored to meet their banking needs.


ANZ Transactive Online Banking

ANZ Transactive PNG offers a comprehensive suite of online banking services to empower customers to manage their finances efficiently. 

With the online business banking, you can:

  • check account balances and transaction history
  • transfer funds between accounts, 
  • pay bills, and setting up recurring payments.
The transactive online banking provides a convenient and user-friendly interface for all your banking needs. 

Customers can also view and download e-statements, set up alerts for account activity, and manage multiple accounts from a single platform, making it a one-stop solution for their banking requirements.


ANZ Transactive Banking Features

ANZ Transactive PNG comes with a host of advanced features that add value to customers' banking experience. 

The platform offers real-time access to transaction details, enabling customers to monitor and track their account activity on-the-go. 

Customers can also initiate domestic and international payments, including telegraphic transfers, payroll payments, and bulk payments, with just a few clicks. 

It also provides robust security features, including multi-factor authentication, transaction limits, and encryption protocols, to safeguard customer information and transactions.


ANZ Transactive Share Price

ANZ Transactive PNG lets customers stay updated with the latest share prices and market trends. 

Customers can access real-time share prices, historical price charts, and company news to make informed investment decisions. 

The platform also offers portfolio management tools, allowing customers to track their investments and review their portfolio performance.


ANZ Transactive Internet Banking

ANZ Transactive PNG provides a seamless Internet banking experience, enabling customers to access their accounts and conduct transactions from any Internet-enabled device. 

The platform is optimized for different screen sizes, making it accessible on desktops, laptops, tablets, and smartphones. 

Internet banking is available 24/7, providing customers with the flexibility to manage their finances anytime, anywhere.


ANZ Transactive Share

ANZ Transactive PNG offers customers the ability to buy and sell shares online through its share trading platform. 

Customers can access a wide range of investment options, including shares listed on the Papua New Guinea Stock Exchange (PNGX) and other international exchanges. 

It's share trading feature provides customers with real-time market data, research tools, and trade execution capabilities, enabling them to make informed investment decisions and execute trades quickly and efficiently.


ANZ Transactive Credit Card

ANZ Transactive PNG also offers credit card services to its customers, providing them with a convenient and flexible payment option for their day-to-day expenses. 

It's credit cards feature have various features and benefits, such as reward programs, travel insurance, and purchase protection, providing customers with added value and convenience. 

Customers can:

  • manage their credit card accounts, 
  • view transaction history, 
  • make payments, and 
  • set up alerts through the ANZ Transactive online banking platform.
These features make it easy to monitor and manage their credit card activities.


ANZ Transactive Exchange Rate

As an international bank, ANZ Transactive PNG provides customers with up-to-date exchange rate information for different currencies. 

Customers can access the latest exchange rates through the online banking platform, enabling them to make informed decisions when conducting foreign currency transactions or managing their international business transactions. 

The exchange rate information is updated in real-time, ensuring customers can access accurate and reliable exchange rate data.


Conclusion

ANZ Transactive PNG is a comprehensive digital banking platform that offers a wide range of features and services to simplify banking operations for ANZ customers in Papua New Guinea. 

With its user-friendly interface, robust security features, and real-time access to account information, 

ANZ Transactive PNG empowers customers to take control of their banking needs and achieve their financial goals with ease.

BSP Personal Loan Calculator Tips You Should Know

A personal loan is a popular financial product that can help you meet various expenses such as paying for a wedding, renovating your home, or funding your child's education. 

It can be challenging to know how much you should borrow and what your monthly payments will be. This is where a BSP personal loan calculator comes in handy.


BSP personal loan calculator 

BSP (Bank South Pacific) is a leading bank in the South Pacific region that offers a wide range of financial products and services, including personal loans. 

The BSP personal loan calculator is an online tool that allows you to calculate your loan repayment amount based on various parameters.


How to use the BSP personal loan calculator

Using the BSP personal loan calculator is a straightforward process. All you need to do is follow the steps below:

  • Go to the BSP website: The first step is to visit the BSP website and navigate to the personal loan calculator page.

  • Enter loan amount: Once you are on the personal loan calculator page, you need to enter the loan amount you want to borrow. This is the total amount you need to meet your expenses.

  • Choose loan term: Next, choose the loan term, which is the period over which you will repay the loan. BSP offers loan terms of up to 5 years.

  • Enter interest rate: The next step is to enter the interest rate. BSP offers competitive interest rates on personal loans, and you can find the current rate on their website.

  • Click "Calculate": Once you have entered all the necessary information, click on the "Calculate" button. The calculator will then display the monthly repayment amount, including the principal and interest.


What many people don't know about the BSP personal loan calculator

While the BSP personal loan calculator is a useful tool for calculating your monthly loan repayment amount, there are a few things that many people don't know about it. 

Here are some important points to keep in mind:

  • It doesn't take into account other fees: While the BSP personal loan calculator calculates your monthly repayment amount based on the loan amount, term, and interest rate, it doesn't include other fees such as application fees or processing fees. Make sure you factor in these fees when deciding on the total loan amount.
  • The interest rate is subject to change: The interest rate on your personal loan is not fixed and is subject to change over time. Make sure you check the BSP website for the latest interest rates before applying for a loan.
  • It's an estimate: The BSP personal loan calculator is only an estimate of your monthly repayment amount. The actual amount may vary depending on various factors such as late payments, changes in interest rates, and other fees.


The BSP personal loan calculator is a useful tool for anyone looking to apply for a personal loan. 

It allows you to calculate your monthly repayment amount based on various parameters, which can help you make an informed decision about your loan.

It's important to keep in mind that the calculator is only an estimate, and the actual loan amount may vary depending on other factors.

BSP Personal Loan Calculator Tips You Should Know

BSP Capital Stock Broker: How to Invest with BSP Capital

Investing in stocks can be a great way to grow your wealth and achieve your financial goals. BSP Capital is a leading investment firm in Papua New Guinea (PNG) that offers investment services for both domestic and overseas stocks. 

If you're interested in investing in PNG and overseas stocks with BSP Capital, here's a step-by-step guide on how to get started.

BSP Capital Stock Broker: How to Invest with BSP Capital


Step 1: Open an Account with BSP Capital

The first step to investing in stocks with BSP Capital is to open an account. You can do this by visiting their website or by visiting one of their offices in PNG. 

To open an account, you'll need to provide some personal information, such as your name, address, and identification documents.


Step 2: Fund Your Account

Once you've opened an account with BSP Capital, you'll need to fund it. You can do this by transferring funds from your bank account to your BSP Capital account. 

BSP Capital offers a variety of payment methods, including bank transfer, credit card, and mobile banking.


Step 3: Select the Stocks You Want to Buy

After funding your account, you can start selecting the stocks you want to buy. 

BSP Capital offers a wide range of domestic and overseas stocks, including companies listed on the PNG stock exchange, the Australian stock exchange, and the New Zealand stock exchange. 

You can use BSP Capital's research reports to help you make informed investment decisions.


Step 4: Place Your Order

Once you've selected the stocks you want to buy, you can place your order through BSP Capital's trading platform. 

You'll need to specify the number of shares you want to buy and the price you're willing to pay. 

BSP Capital charges a brokerage fee for every trade you make, which will depend on the value of your trade. 

You can find out more about BSP Capital's brokerage fees on their website, or visit them in person.


Step 5: Hold Your Shares

After buying your shares, you'll need to hold them in your BSP Capital account. 

BSP Capital offers a range of services to help you manage your portfolio, including regular portfolio updates, online trading, and access to research reports.


Step 6: Sell Your Shares

If you want to sell your shares, you can do so through BSP Capital's trading platform. 

You'll need to specify the number of shares you want to sell and the price you're willing to accept.

BSP Capital will charge a brokerage fee for every trade you make, which will depend on the value of your trade.


Required Forms to Fill

To open an account with BSP Capital, you'll need to fill out an account opening form. 

This form will require you to provide personal information, such as your name, address, and identification documents. 

You may also need to fill out additional forms depending on the type of account you're opening.


Assistance and Office to Visit

If you need assistance with opening an account or trading stocks, you can contact BSP Capital's customer service team. 

They can provide you with information on brokerage fees, trading platforms, and investment opportunities. 

You can also visit one of BSP Capital's offices in PNG to speak with a representative in person.


Important Details About Shares Investment with BSP Capital in PNG

Investing in shares with BSP Capital in PNG can be a great way to grow your wealth and achieve your financial goals. 

However, it's important to understand the risks involved. Here are some important details to keep in mind:

Risk and Reward

Investing in shares can be risky, as share prices can be volatile and can go up or down in value. However, investing in shares can also be rewarding, as you can earn dividends and capital gains if the share price increases.

Diversification

It's important to diversify your portfolio by investing in a range of different shares. This can help reduce your overall risk, as not all shares will be affected by the same economic or market conditions.

Research

Before investing in any shares, it's important to do your research. This can include reading company reports, financial statements, and news articles. BSP Capital also provides research reports that can help you make informed investment decisions.

Brokerage Fees

BSP Capital charges a brokerage fee for every trade you make. This fee will depend on the value of your trade and can be found on their website. It's important to factor in these fees when making investment decisions.

Tax Implications

Investing in shares can have tax implications. It's important to understand the tax rules in PNG and overseas where you're investing. BSP Capital can provide you with information on tax implications for your investments.

Investment Goals

Before investing in shares, it's important to determine your investment goals. Are you investing for the short term or the long term? What is your risk tolerance? These factors will influence your investment decisions.


Conclusion (BSP Capital PNG)

Investing in shares with BSP Capital in PNG can be a great way to grow your wealth and achieve your financial goals. 

By following the steps outlined in this guide, you can start investing in domestic and overseas shares today. It's important to remember that investing in shares involves risk, so it's important to do your research and diversify your portfolio. 

BSP Capital provides a range of services to help you manage your investments, including research reports, online trading, and portfolio updates. With the right approach and guidance, investing in shares can be a rewarding experience.

PNG BSP Bank: A Guide to BSP Online Banking, Business Banking, and Customer Service

Bank of South Pacific (BSP) is a major banking institution in Papua New Guinea (PNG) that offers a range of financial products and services, including online banking and business banking. BSP has been providing financial solutions to individuals, small and medium enterprises, and large corporations in PNG for over 60 years. 

In this article, we will delve into the various aspects of BSP, including its

  • online banking services, 
  • business internet banking, 
  • customer service, and 
  • the advantages and disadvantages of banking with BSP.

Check out the information on BSP PaySecure App, click here.


BSP Online Banking PNG

BSP's online banking service provides a secure and convenient way to manage your finances anytime, anywhere. 

With BSP online banking, you can access your accounts, view your transaction history, transfer funds, pay bills, and much more. 

To get started with online banking, you need to register for BSP's Internet Banking service by visiting a BSP branch or by calling their customer service hotline. 

Once you have registered, you can access the service from the BSP website or through the BSP mobile app.

PNG BSP Bank: A Guide to BSP Online Banking, Business Banking, and Customer Service


BSP Online Business Banking

BSP's online business banking service is designed to meet the financial needs of small and medium enterprises (SMEs) and large corporations. 

This service allows businesses to manage their finances in a secure and efficient manner, with features such as 

  • account management, 
  • fund transfers, 
  • bill payments, and 
  • payroll services. 
BSP's online business banking service is available 24/7 and can be accessed from anywhere with an internet connection.


BSP Business Internet Banking

BSP's business internet banking service is a comprehensive financial management tool for businesses of all sizes. 

This service provides businesses with a secure platform to manage their finances, including account management, fund transfers, bill payments, payroll services, and more. 

BSP's business internet banking service also allows businesses to monitor their cash flow and manage their finances more effectively.


BSP Customer Service

BSP is committed to providing excellent customer service to its clients. The bank has a dedicated customer service team that is available 24/7 to assist clients with any banking-related queries or concerns. 

BSP's customer service team can be reached through their customer service hotline, email, or by visiting a BSP branch. 

It also provides its clients with access to a range of educational resources, including financial literacy programs, to help them manage their finances more effectively.


Advantages of Banking with BSP

There are several advantages to banking with BSP. Firstly, BSP has a wide network of branches and ATMs throughout PNG, making it easy for clients to access their funds and manage their finances. 

BSP also offers a range of financial products and services to meet the diverse needs of its clients, including personal and business loans, savings and investment accounts, insurance products, and more. 

It is also committed to providing excellent customer service and ensuring the security and privacy of its client's information.


Disadvantages of Banking with BSP

Despite its many advantages, there are also some disadvantages to banking with BSP. One of the main drawbacks is that BSP's fees and charges can be higher than those of other banks in PNG. 

Additionally, BSP's online banking services can sometimes experience technical issues, which can cause inconvenience for clients. 

Finally, BSP's customer service can sometimes be slow in responding to queries or concerns.


Why Use BSP Online Services

BSP's online banking services offer several benefits, including convenience, security, and flexibility. 

With BSP's online banking services, clients can manage their finances from anywhere with an internet connection, at any time of the day or night. 

BSP's online banking services are also secure, with advanced encryption and authentication protocols to protect clients' information. 

Its online banking services are flexible, allowing clients to customize their banking experience to meet their individual needs and preferences.


BSP is a leading financial institution in PNG that provides a range of financial products and services, including online banking and business banking. 

Its online banking services offer clients a convenient, secure, and flexible way to manage their finances, while its business banking services are designed to meet the diverse financial needs of businesses of all sizes.

Although there are some disadvantages to banking with BSP, such as higher fees and technical issues with online banking, BSP's commitment to excellent customer service, financial literacy programs, and secure online banking make it a top choice for many individuals and businesses in PNG.

In conclusion, if you are looking for a reliable and trusted financial institution in PNG, BSP is an excellent choice. With its comprehensive range of financial products and services, commitment to excellent customer service, and secure online banking options, BSP is well-positioned to help you achieve your financial goals.

Nambawan Super Savings and Loans Login Online Portal Login Info

Nambawan Super Savings and Loans provides a range of financial services to its customers. Its online portal is a convenient and secure platform that allows customers to access their accounts and a variety of financial services from anywhere in the world. By logging in, customers can access services such as account information, bill payments, loan applications, updating personal details, and secure messaging.

The benefits of using the online portal include easy access to account information, convenient bill payments, loan applications, and secure transactions. Customers should keep their login details secure, keep their contact details up to date, use the secure messaging feature to contact customer service, review their accounts regularly, and keep track of loan payments to avoid late payment fees.

In this article, we will take a closer look at how to login to the Nambawan Super online portal and what services you can access once you are logged in.

How to Nambawan Super Savings and Loans Login Online Portal Login Info


Nambawan Super Savings and Loans Login

The Nambawan Super online portal is a convenient and secure platform that allows customers to access their accounts from anywhere in the world. Some of the benefits of using the online portal include:

  • Easy access to account information: With the online portal, customers can access their account information, including their account balance and transaction history, at any time.
  • Convenient bill payments: Customers can pay their bills, such as water and electricity bills, directly from their Nambawan Super account.
  • Loan applications: Customers can apply for loans online without having to visit a physical branch.
  • Secure transactions: The online portal is secure, and all transactions are encrypted to protect customers' sensitive information.


How to login to the Nambawan Super online portal

To access the Nambawan Super online portal, you need to follow these simple steps:

  • Step 1: Visit the Nambawan Super website: The first step is to visit the Nambawan Super website at www.nambawansuper.com.pg. Once you are on the website, click on the "Login" button located at the top right corner of the page.

  • Step 2: Enter your user ID and password: On the login page, enter your user ID and password. If you are logging in for the first time, you will need to register for an account. To do this, click on the "Register" button and follow the prompts.

  • Step 3: Click on the "Login" button: Once you have entered your user ID and password, click on the "Login" button to access your account.

Here is who to check Nambawan Super Balance

Nambawan Super Online Balance Check

 

What services can you access once you are logged in?

Once you are logged in to the Nambawan Super online portal, you can access a wide range of services, including:

  • Account information: You can view your account balance, transaction history, and other account details.
  • Bill payments: You can pay your bills, including water and electricity bills, directly from your Nambawan Super account.
  • Loan applications: You can apply for loans online without having to visit a physical branch.

  • Update personal details: You can update your personal information, including your contact details and address.

  • Secure messaging: You can send secure messages to the Nambawan Super customer service team.

  • Access to statements: You can view and download your account statements.


Tips for using the Nambawan Super online portal

Here are some tips to help you get the most out of your Nambawan Super online portal experience:

  • Keep your login details secure: Always keep your user ID and password secure and do not share them with anyone.

  • Keep your contact details up to date: Ensure that your contact details are up to date, including your phone number and email address, so that you can receive important notifications from Nambawan Super.

  • Use the secure messaging feature: If you have any questions or concerns, use the secure messaging feature to contact Nambawan Super's customer service team. This ensures that your communication is secure and confidential.

  • Review your account regularly: It is important to review your account regularly to ensure that there are no unauthorized transactions or errors.

  • Keep track of your loan payments: If you have a loan with Nambawan Super, make sure to keep track of your loan payments and pay them on time to avoid late payment fees.


Nambawan Super Savings and Loans Login Online Portal Best Practices

The Nambawan Super online portal is a convenient and secure platform that allows customers to access their accounts and a range of financial services from anywhere in the world. 

Logging in is easy, and once you are logged in, you can access a wide range of services, including account information, bill payments, loan applications, and secure messaging. 

By following the tips outlined in this article, you can get the most out of your Nambawan Super online portal experience and ensure that your financial transactions are secure and hassle-free.

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PNG Insight Maths Exam Resources for Grade 8, 10 and 12

PNG Insight Maths Exam Resources for Grade 8, 10 and 12
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