Westpac threat to exit PNG

KINA Securities says it has made commitments to expand Westpac’s operations in Papua New Guinea if it is allowed to buy them, including creating new jobs, spending millions of dollars on technology and allowing smaller banks to access its infrastructure, as PNG’s competition regulator considers whether to approve the $420 million deal.

Westpac threat to exit PNG Westpac threat to exit PNG Westpac threat to exit PNG Westpac threat to exit PNG Westpac threat to exit PNG

Peter King

Australian Securities Exchange-listed Kina, which owns PNG's second-largest retail bank, Kina Bank, said it had argued before the country's Independent Consumer and Competition Commission (ICCC) last
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