NDB Haus Moni Bilong Yumi

28/06/2012

Press release 28th June 2012 – NDB WOMEN IN BUSINESS LOAN PRODUCTS

The National Development Bank has again made new milestone when it raised the industry bar towards providing equal opportunities for the women owned and managed SMEs of Papua New Guinea through the setting up of the NDB Women in Business Desk in September 2010.

The NDB Women’s Desk Relationship Officers will offer loan products for women in business to start or expand their current businesses and to empower them to compete in the market. The Bank has appointed Women in Business Officers who will handle queries and process loan applications through the Bank’s 17 Branch locations nationwide.

Lending to Women in Business
In year 2011 alone, the Bank funded K 8.9 million in loans to 90 PNG businesswomen from the 17 NDB Branches throughout PNG. Due to the high demand for loans to the women’s business sector, the NDB Lending Division set a target lending goal for WIB in 2012 at K 20 million. As of this publication, the number of loans funded, loan applications and queries received have drastically soared to unprecedented level. Those funded were businesswomen representing new business startups and existing business that are owned and operated by women who dreamed of expanding their businesses. The amount of loans disbursed for women ranged from K 5,000.00 and upwards and were used to fund women who are engaged into vegetable buying and reselling, tailoring, poultry, piggery, vehicles for lease, imported clothes, bags and shoes for retail, lodges and guest houses, hotel, stationary and printing, sawmilling, cocoa buying and fermentaries, bakery, restaurant, boat and motor and fuel retailing, taxi, trade store, road construction, catering, floriculture, hair saloon, inventories for BHIP, Forever Living, Proma and many more,


Inaugural NDB Women in Business Summit
In March 2012 NDB WIB successfully launched its Inaugural NDB Women in Business Summit at Holiday Inn and Crowne Plaza in Port Moresby from the 25th – 27th March. In attendance were 300 out of 1,000 businesswomen and intending businesswomen applicants from all over PNG. The objective of the Summit was to empower, inspire and add value to the PNG businesswomen with the theme “ I can do it ”. During this Summit the NDB Women in Business website, www.ndbwibn.com was launched along with two new loan products namely, the 1. Start Up and 2. Grower loan Packages. In addition work has started on forming NDB Women in Business Club and Awards and other incentive for the businesswomen in PNG. NDB will not only fund loans but add value to its businesswomen clients through these incentives and avenues for networking, mentoring and advocating among its women clients.

How to access Women in Business Loans
NDB invites more PNG women to utilize business opportunities brought about by the demand for goods and services due to the growth in the economy and participate in owning and managing businesses. NDB through its 17 branches and WIB Relationship Officers in PNG is proud to support and grow Papua New Guinea indigenous businesswomen and look forward to serving the needs of the grassroots, rural, urban and professional women in starting up or expanding current businesses in 2012 and beyond with the two new generous loan products. NDB urges its current women in business clients to be committed in their loan repayments and face the challenges with confidence and optimism.

NDB WIB Website

Meta Description

19/06/2012

Dumpu ventures into cattle farming with help of NDB

Cattle farmers in the Dumpu area of the Usino-Bundi district, Madang province, opened their stockyard farm yesterday.
The project was the initiative of the Usino-Bundi MP, Samson Kuli.
Department of Agriculture and Livestock director, Ganei Agodop said they had tried hard in past years to build the cattle farming business and now they had finally succeeded.
He thanked the National Development Bank for its support in helping the farmers by giving them loans for their cattle farms.
Agodop said the government focused more on developing towns without considering the remote areas.
He said 80% of the village people of Dumpu were farmers and now that NDB was linked with the government, they were sure to have a brighter future in cattle farming.
National Development Bank manageress in Madang, Maryanne Uraiwa urged farmers to work closely with the bank officers as they had the resources to help the community.
She said in order to the loans to be approved, officers from the National Development Bank would do private inspections into each project or farm before approving loans.
Uraiwa said NDB looked forward to working with the government and together they could sell cattle in the country and abroad.
She said the more work the farmers put into raising cattle, the more help they could get.
Acting Madang governor Bob Wati said they government promised to give K600,000 to NDB but the money was still pending.

Source:
The National, Monday 18th June 2012

18/06/2012

Press release from NDB Chairman Re: Mr. Richard Maru’s resignation

The Board of the National Development Bank Limited has accepted the resignation of former Managing Director Richard Maru on Thursday 18th May 2012 to contest the 2012 National Elections under the Yangoru Sausia electorate.

During his 8 year tenure he has performed over and above expectation, providing the invaluable leadership to resurrect the bank from the brink of bankruptcy, to declaring its largest profit of K9.4 million in 2011, and championing the plight of the indigenous business and the women in business sector.

In the interim, Chief Financial Officer of the Bank, Mr. Moses Liu has been appointed Acting Managing Director whilst we are in the process of recommending a permanent appointment to the National Executive Council.

On behalf of the Board, Management, Staff and clients of NDB, we take this opportunity to publicly thank him for his contribution, and wish him well with his election campaign.

WILLIAM LAMUR
NDB CHAIRMAN

http://ndbpng.wordpress.com/2012/06/18/press-release-from-ndb-chairman-re-mr-richard-marus-resignation/

The Board of the National Development Bank Limited has accepted the resignation of former Managing Director Richard Maru on Thursday 18th May 2012 to contest the 2012 National Elections under the Y...

27/05/2012

Mr. Moses Liu - Executive Manager Accounting & Finance at the National Development Bank Ltd has been appointed to be the Acting Managing Director of National Development Bank by the NDB Board of Directors. Mr. Liu was appointed in May 2010 to the position of Executive Manager Accounting & Finance. He is professionally qualified with a Masters in Business Administration (MBA) and a Certified Practicing Accountant. Mr. Liu possess extensive experience in senior financial management roles in the private sector.

17/05/2012

17/05/2012

NDB’s MD Mr. Richard Maru OBE Resigns

National Development Bank’s Managing Director Mr. Richard Maru OBE has resigned today. Mr. Maru will be leaving the bank after serving as MD for almost 8 years. Mr. Maru joined the then Rural Development Bank in 2004 when the bank was insolvent for the third time since its inception. During his term Mr. Maru and the NDB Board chaired by Mr. William Lamur have been able to turn the bank around in the last 8 years from been insolvent in 2004 to returning a after tax profit of K9.3 million in 2011.

01/05/2012

Heather Yaninen a NDB Women In Business customer tells her story. http://ndbpng.wordpress.com/2012/05/01/women-in-business-heather-yaninen/

Heather Yaninen a NDB Women In Business customer tells her story. “Since we moved into Port Moresby in 1981, my desire was to supplement my husband’s income to improve our quality of life. ...

01/05/2012

The National Development Bank Limited of Papua New Guinea is inviting applications from suitably qualified individuals to fill the position of Audit Manager. If you or anyone that you know are interested in this position please have a look at the NDB Blog: http://ndbpng.wordpress.com/2012/05/01/vacant-position-internal-audit-manager/

29/04/2012

A few people have been asking about the Stret Pasin Stoa Scheme and when it is going to start. Unfortunately the Government has not released the promised K130m to NDB to start the scheme and fund other development projects.
http://ndbpng.wordpress.com/2012/03/16/national-development-bank-still-waiting-for-k130m-allocation/

By MALUM NALU National Development Bank has not received a toea of the K130 million allocated to it in the 2012 national budget, despite all the accompanying publicity and massive interest, The Nat...

26/04/2012

A lot of talk about Google's new Google drive. 5GB of free online storage. It does not seem to be online at this for PNG Google users. So if you need some free online storage while waiting for the Google drive you may want to look at Dropbox http://db.tt/8vP6lIUG

Any file you save to your Dropbox will automatically save to all your computers, phones, and even the Dropbox website.

25/04/2012

NDB Women in Business Products - http://www.ndbwibn.com/ndb-products.html

:: National Developement Bank Women In Business ::

25/04/2012

NDB Head Office and NDB Boroko Branch were shut down yesterday. Both offices are open for business today.