NDB's Transition over the years


Opened for business as Papua New Guinea Development Bank.

3 Years 1970
3 Years into Lending

2728 Loans had been approved and the Bank had taken up equity amounting to AUD 3 Million to 10 companies

5 Years 1975
Stret Pasi Stoa Initiated

The stret Pasin Stoa Scheme was initiated and opens 11 stores by the end of the year.

5 Years 1980
Coffee Development Scheme

The 20 hectare coffee development Scheme financed 50 projects in the Highlands of Papua New Guinea.

4 Years 1984
Name Changed

Name changes to Agriculture Bank of Papua New Guinea

6 Years 1990
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.

4 Years 1994
Name Changed

Changes name to Rural Development Bank. Introduces new organisational Structure encompassing the profit center concept.

3 Years 1997
Establishment of small Enterprenures

Assist in the Establisment of 1005 small enterprenures at a value of K4.2M.

8 Years 2005
New MIS System

RDB purchased new MIS System named Abacus and replaces the obselete WANG system.

2 Years 2007
Name changes

Name changes to National Development Bank

3 Years 2010
DIP Funding

Received K41M in DIP funding, the highest since 2004 with K20M specially to established the proposed NDB Micro Bank.

2 Years 2012
Women In Business Product

NDB introduces the Women in Business loan product.

1 Year 2013
Lending Interest

Reduction of Lending interest to 6.5%. The opening of NDB Microbank now Peoples Microbank.

1 Year 2013
Peoples Micro Bank Limited

NDB’s subsidiary Peoples Micro Bank Limited (PMBL) begins operations

1 Year 2014
NDB Investments

Subsidary NDB Investments launces first Youth in Business Program - "YES"

3 Years 2017
50 Anniversary

NDB Celebrates 50th Anniversary (1976-2017)

3 Years 2020
Government Grant

NDB receives K80 million from Government for the MSME Credit Loan Facility

1 Year 2021
MSME Funding

NDB begins funding MSME Loans at 4% Interest Rate (1st November, 2021)