Number of banks reached 4.00 banks in 2018 in Papua New Guinea, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Papua New Guinea reached an all time high of 4.00 banks in 2004 and an all time low of banks in. When compared to Papua New Guinea's main peers, number of banks in Australia amounted to 88.0 banks, 115 banks in Indonesia, 26.0 banks in New Zealand and 45.0 banks in Philippines in 2018.
Papua New Guinea has been ranked 156th within the group of 156 countries we follow in terms of number of banks, 6 places above the position seen 10 years ago.