NDB's Transition over the years
Start
Opened for business as Papua New Guinea Development Bank.
3 Years into Lending
2728 Loans had been approved and the Bank had taken up equity amounting to AUD 3 Million to 10 companies
Stret Pasi Stoa Initiated
The stret Pasin Stoa Scheme was initiated and opens 11 stores by the end of the year.
Coffee Development Scheme
The 20 hectare coffee development Scheme financed 50 projects in the Highlands of Papua New Guinea.
Name Changed
Name changes to Agriculture Bank of Papua New Guinea
NEC approves Agriculture Bank Bonds
NEC approves of the Agriculture Bank bonds for a capital value of K15M and also the purpose for which a state guarantee may be issued.
Name Changed
Changes name to Rural Development Bank. Introduces new organisational Structure encompassing the profit center concept.
Establishment of small Enterprenures
Assist in the Establisment of 1005 small enterprenures at a value of K4.2M.
New MIS System
RDB purchased new MIS System named Abacus and replaces the obselete WANG system.
Name changes
Name changes to National Development Bank
DIP Funding
Received K41M in DIP funding, the highest since 2004 with K20M specially to established the proposed NDB Micro Bank.
Women In Business Product
NDB introduces the Women in Business loan product.
Lending Interest
Reduction of Lending interest to 6.5%. The opening of NDB Microbank now Peoples Microbank.
Peoples Micro Bank Limited
NDB’s subsidiary Peoples Micro Bank Limited (PMBL) begins operations
NDB Investments
Subsidary NDB Investments launces first Youth in Business Program - "YES"
50 Anniversary
NDB Celebrates 50th Anniversary (1976-2017)
Government Grant
NDB receives K80 million from Government for the MSME Credit Loan Facility
MSME Funding
NDB begins funding MSME Loans at 4% Interest Rate (1st November, 2021)