Kina Bank

Key details

• Parent: assets
• Launch: 1985

Overview

Kina Bank is Papua New Guinea commercial bank + POMSoX: KSL ASX: KSL + Papua New Guinea retail + institutional + foreign investors free float + one of PNG's largest commercial banks by assets + founded 1985 in Port Moresby Papua New Guinea as Kina Securities then 2013 Maybank PNG acquisition + 2015 PNG full commercial banking license + Sep 30 2019 ANZ PNG retail commercial banking acquisition for ~$95M consolidating into Kina Bank [1, pg-cro].

History

1985 — Kina Securities founded in Port Moresby Papua New Guinea as PNG securities firm.

2013 — Kina Securities Maybank PNG acquisition consolidating into PNG commercial banking sector.

Jul 31 2015 — Kina Bank full Bank of Papua New Guinea commercial banking license.

Sep 30 2019 — Kina Bank ANZ PNG retail commercial banking acquisition completed for ~$95M consolidating into PNG's largest commercial banks by assets distinctive PNG banking consolidation.

2019 — Kina Mobile banking app launch.

Ownership & operator

Operating entity: Kina Securities Limited dba Kina Bank (Papua New Guinea commercial bank; POMSoX: KSL; ASX: KSL).

Major shareholders: Papua New Guinea retail + institutional + foreign investors free float.

Regulators: Bank of Papua New Guinea + Australian Prudential Regulation Authority APRA via ASX dual listing.

Technical integration

Kina Mobile app (iOS + Android) + kinabank.com.pg online + Kina Bank branch network across Papua New Guinea + Kina Visa + Mastercard cards; EMVCo QRCPS QR payments + Papua New Guinea Kina PGK domestic transfers.

Implementations & partners

Major Papua New Guinea banking + payments competitors: [[wantok-wallet]] (Bank South Pacific BSP; POMSoX: BSP ASX: BSP; PNG's largest commercial bank by assets + branches; ~2M+ BSP customers across PNG + Pacific) + [[westpac-png]] (Westpac PNG; Westpac Australian parent ASX: WBC) + [[anz-png]] (ANZ PNG; ANZ Australian parent ASX: ANZ; sold retail commercial banking to Kina Bank Sep 30 2019).

Regulators: Bank of Papua New Guinea + Australian Prudential Regulation Authority APRA via ASX dual listing.

Status

Active, Papua New Guinea commercial bank + POMSoX:KSL ASX:KSL + Papua New Guinea retail + institutional + foreign investors free float + one of PNG's largest commercial banks by assets + founded 1985 in Port Moresby Papua New Guinea as Kina Securities then 2013 Maybank PNG acquisition + 2015 PNG full commercial banking license + Sep 30 2019 ANZ PNG retail commercial banking acquisition for ~$95M consolidating into Kina Bank [1, 2].

Sources

• 1 Kina — official
• 2 Kina — Wikipedia
• pg-cro In-corpus: reports/countries/PG-papua-new-guinea.md

Source

Biography extracted from kina-bank-png.md. See matrix.md for standards-support matrix if present.