Retail loans reached 90.0 PGK bil in 2015 in Papua New Guinea, according to the National Central Bank. This is 7.14 % more than in the previous year.
Historically, retail loans in Papua New Guinea reached an all time high of 90.0 PGK bil in 2015 and an all time low of 15.0 PGK bil in 2004. When compared to Papua New Guinea's main peers, retail loans in Australia amounted to 1,523 AUD bil and 1,785,629 IDR bil in Indonesia in 2015.
Papua New Guinea has been ranked 38th within the group of 46 countries we follow in terms of retail loans, 17 places above the position seen 10 years ago.
A retail loan is a loan provided by a bank to a physical person.