From working capital requirements in the form of an overdraft facility to medium and long term financing for major purchases, including Trade Finance for international trading requirements, ANZ is ready to help your business.
Our detailed knowledge of the local market and extensive network and knowledge in international markets will provide the necessary support to ensure you make the most of every business opportunity.
It is important to keep in mind that Papua New Guinea operates under an exchange control regime, and as such, there are certain conditions where Bank of Papua New Guinea approval is required prior to a facility becoming available.
The main areas where this will impact are:
where the facility provided is in a foreign currency (ie not in Papua New Guinea Kina); or
where the borrower is ultimately controlled by non residents of Papua New Guinea.
Please give us a call and we will be able to discuss these issues with you.
