Corporate loans reached 3.55 USD bil in 2017 in Papua New Guinea, according to the National Central Bank. This is 17.9 % less than in the previous year.
Historically, corporate loans in Papua New Guinea reached an all time high of 4.32 USD bil in 2016 and an all time low of 2.08 USD bil in 2010. When compared to Papua New Guinea's main peers, corporate loans in Indonesia amounted to 167 USD bil and 81.7 USD bil in Philippines in 2017.
Papua New Guinea has been ranked 53rd within the group of 75 countries we follow in terms of corporate loans.
Corporate loans are loans made to businesses for a specific business purpose.