Westpac looks to Consolidate Business in Papua New Guinea and Support Economic Infrastructure Growth

The Prime Minister, Hon. Peter O’Neill , said Westpac Bank will play an increasingly important role in Papua New Guinea’s ongoing economic growth and infrastructure expansion.

Prime Minister Hon. Peter O’Neill made the comments after meeting with Westpac’s Institutional Bank Chief Executive, Rob Whitfield, on Wednesday this week to discuss Papua New Guinea’s economy, infrastructure development projects and financial inclusion programs.

“Westpac was the first bank to operate in Papua New Guinea and through the ongoing consolidation of its operations here, will continue to be an important financial sector partner for the government,” Prime Minister Hon. Peter O’Neill said.

“We discussed Papua New Guinea’s recent and ongoing economic growth, and the ways Westpac can further participate in this development. “Westpac is interested in working with the government in developing major infrastructure, and partnering in programs such as the construction of housing for public service employees.”

The Prime Minister said the government fully appreciates Westpac’s engagement in development programs, as well as its commitment to educational initiatives and business facilitation throughout the country over the past 105 years.

“At a grassroots level, Westpac PNG has provided ongoing financial education to tens of thousands of Papua New Guineans over the years.“Westpac knows that community engagement is of immense value and intends to continue this work to educate people who do not have a bank account and experience challenges managing their finances.

“Westpac also has an active mentoring role that is encouraging local businesses to benefit from the opportunities presented by the Asian century. “I further acknowledge the various initiatives carried by Westpac PNG’s to promote gender equality in Papua New Guinea.”