The Bank of PNG currently has regulatory oversight over 58 licensed financial institutions. There are 4 commercial banks, 9 finance companies, 2 micro-finance institutions and 21 savings & loan societies. There are 14 institutions in the superannuation industry, comprising 7 trustees/authorised superannuation funds, 2 investment managers and 5 fund administrators.
Of the 8 in the life insurance industry, 5 are life insurance companies and 3 are brokers. The table and chart below indicates the growth in asset size of the licensed financial institutions since the reforms began in 2000.