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Progress of the New Savings & Loans Act

Updated: Aug 28, 2020


The Bank of PNG through the Office of the Governor has been continuously following up with the Treasury Ministry through various letters however to date no firm response has been received on the gazettal of the effective date of the new SLS Act hence the current protracted delays.


Furthermore, the replacement of the Governor General has also been a contributing factor to the delay, nevertheless, BPNG will continue to follow-up and advise the industry in due course.

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Kennedy Estate, 7 mile,

Port Moresby

Email: info@fesalos.org.pg

Phone: 79998885

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