This photo shows tribesmen in the Mount Hagen branch of the Bank of New South Wales. At the time, before electronic banking, people often travelled great distances to visit their bank branch. The Bank of New South Wales was Australia’s first bank, starting in 1817, and it opened for business in Papua New Guinea in 1910. Now known as Westpac, it has 17 branches across the country (including Madang), 58 ATMs and 2200 point-of-sale terminals. Westpac shares the banking landscape in PNG with other major financial institutions, including ANZ, Kina and BSP.
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