Identifying the Need
The Asian Development Bank studied Papua New Guinea's economy, including opportunities to support poverty alleviation through better access to finance.
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Our History
From a microbanking pilot in Wau to a financial institution serving communities across Papua New Guinea — discover MiBank's journey.
Our Story: Banking for Every Papua New Guinean
MiBank, the trading name of Nationwide Microbank Limited, grew from a commitment to expand financial services to micro and small businesses, subsistence farmers and households previously underserved by formal banking.
Its roots lie in the PNG–ADB Microfinance and Employment Project, developed following an Asian Development Bank study in 2000. What began as a pilot in Wau in 2004 subsequently evolved into a licensed microbank with a nationwide ambition.
Milestones in Our Journey
Microfinance Project Begins
The Government of Papua New Guinea and the Asian Development Bank initiated the PNG–ADB Microfinance and Employment Project to support underserved people and enterprises.
Wau Microbank Opens
A microbanking pilot commenced in April in Wau under the name Wau Microbank, laying the foundation for the institution that would become MiBank.
Company Incorporation
Wau Microbank was incorporated as a limited liability company in February, with the pilot's assets and liabilities transferred to the new company.
Nationwide Microbank Limited
In June, the Bank of Papua New Guinea issued a banking licence to Nationwide Microbank Limited, reflecting its broader geographic ambitions.
The MiBank Name
The trading name “MiBank” was registered, creating a simpler and more recognisable identity for customers across the country.
Major Expansion
MiBank acquired PNG Microfinance Limited and the EsiLoan business from Kina Bank, expanding its customer base, reach and lending capabilities.
Continuing the Mission
MiBank continues its focus on inclusive banking, supporting individuals, women, entrepreneurs and communities through accessible financial services.
Innovation with a Purpose
MiBank's history is also one of innovation. Its MiCash mobile wallet helped extend access to banking beyond traditional branches, while its MiLife microinsurance initiative supported broader financial inclusion.
Financial literacy, women's participation in banking and access for rural communities remain important themes in MiBank's story.
From Wau to Nationwide
Built on a simple principle: more Papua New Guineans should be able to save, borrow, transact and grow with confidence.
Grow With Us
Explore the banking products and services that continue MiBank's journey.
Explore Our Products →Contact MiBank →Historical information adapted from MiBank's published history. This page intentionally avoids unverified current branch and customer counts.