BAANNKK OF PPPAAPUUAA NNEEWW GGUUIINNEEA...For further information concerning the content contact:...

The Statistical Update is also available on the Bank’s website: http://www.bankpng.gov.pg

STATISTICS UPDATE

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BBAANNKK OOFF PPAAPPUUAA NNEEWW GGUUIINNEEAA

Fortnight Ending 10 January 2014

In the Statistics Update, the following new information is released: - The average level of total deposits over the fortnight ending 10 January 2014 was 4.8 percent higher

than in the corresponding period last year. During the same period, the average level of total loans outstanding was 8.7 percent higher than in the same period last year (Table 3.1).

- The level of total deposits increased by K318.0 million to K18,691.6 million over the fortnight under review.

Cheque deposits increased by K25.3 million, term deposits by K49.8 million and foreign currency deposits by K281.6 million, while passbook and other demand deposits decreased by K38.7 million. The level of total deposits as at 10 January 2014 was 8.3 percent higher than in the corresponding week last year (Table 3.2).

- The level of total loans decreased by K76.7 million to K9,057.2 million over the fortnight under review.

Kina lending decreased by K81.2 million, while foreign currency lending increased by K4.5 million. The level of total lending as at 10 January 2014 was 14.9 percent higher than in the corresponding week last year (Table 3.2).

- Total liquid assets increased by K213.7 million to K8,437.9 million over the fortnight due to net

Government expenditure (Table 3.2). This level represents a liquid asset ratio of 45.1 percent (Table 3.4).

- Monetary aggregates and surveys data up to November 2013 (Tables 1.1 – 1.3 & 1.6.1). - Bank of PNG balance sheet up to November 2013 (Table 2.1). - Official interest rates up to 10 January 2014 (Table 2.2). - Commercial banks balance sheet for November 2013 (Table 3.3). - Commercial banks interest rates up to November 2013 (Table 3.6). - Other Financial Institutions balance sheet up to September quarter 2013 (Tables 6.1 - 6.5). - Balance of payments data up to September quarter 2013 (Table 7.1). - Exchange rate data up to 10 January 2014 (Table 7.2). - Government securities transactions data up to 10 January 2014 (Table 8.1). For further information concerning the content contact: For distribution contact: Manager Information Officer Monetary Policy Unit Public Information Unit Phone: 322 7312 322 7332 Fax: 320 0757 320 0757 E-mail: [email protected]

mailto:[email protected]

1.0 Monetary Aggregates & Surveys

1.1 Central Bank Survey (CBS) 3

1.2 Other Depository Corporations Survey (ODCS) 4

1.3 Depository Corporations Survey (DCS) 5

1.4 Other Financial Corporations Survey (OFCS) 6

1.5 Financial Corporation Survey (FCS) 7

1.6 Monetary and Credit Aggregate Movements

1.6.1 Movements in Monetary Aggregates 8

1.6.2 Movements in Credit Aggregates 8

2.0 Bank of Papua New Guinea

2.1 Balance Sheet 9

2.2 Interest Rates 10

3.0 Commercial Banks

3.1 Principal Assets and Liabilities: Weekly Averages 11

3.2 Principal Assets and Liabilities: Week Ending Balances 11

3.3 Balance Sheet 12

3.4 Liquid Assets 13

3.5 Lending Commitments 14

3.6 Interest Rates 14

4.0 Finance Companies and Merchant Banks

4.1 Finance Companies: Balance Sheet 15

4.2 Finance Companies: Interest Rates 15

4.3 Merchant Banks: Balance Sheet 16

4.4 Merchant Banks: Interest Rates 16

5.0 Savings and Loan Societies

5.1 Balance Sheet 17

6.0 Other Financial Institutions

6.1 Superannuation Funds: Balance Sheet 18

6.2 Life Insurance Companies: Balance Sheet 19

6.3 Investment Managers: Balance Sheet 20

6.4 National Development Bank: Balance Sheet 216.5 General Insurance Companies: Balance Sheet 22

7.0 External Sector

7.1 Balance of Payments 23

7.2 Exchange Rates 24

7.3 Export Price Index 24

7.4 Export Volume Index 24

8.0 Other

8.1 Government Securities Transactions 25

8.2 Private Sector Employment Index 25

TABLE OF CONTENTS

page 2 of 25

Table 1.1: CENTRAL BANK SURVEY (CBS) (K' million)

Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Nov-13

Net Foreign Assets 6,505.3 6,561.7 6,624.8 6,772.1 6,676.9 6,613.5

Claims on Nonresidents 6,926.9 7,000.4 7,071.9 7,243.1 7,162.5 7,088.6

Liabilities to Nonresidents 421.6 438.7 447.1 471.0 485.7 475.1

Claims on Other Depository Corporations (ODCs) 2.5 7.6 2.5 3.9 33.9 22.1

Net Claims on Central Government -642.7 -379.1 -465.3 -165.2 -441.8 -668.4

Claims on Central Government 846.4 831.0 787.3 792.1 831.0 939.3

Securities 763.2 769.1 774.1 780.4 817.7 847.5

Loans 83.2 61.9 13.2 11.7 13.3 91.8

Others ... ... ... ... ... ...

Liabilities to Central Government (a) 1,489.1 1,210.0 1,252.6 957.3 1,272.8 1,607.7

Claims on Other Sectors 17.7 18.2 19.3 22.4 24.3 18.0

Claims on Other Financial Corporations 0.6 0.5 0.4 0.3 0.1 ...

Claims on Provincial and Local Governments ... ... ... ... ... ...

Claims on Public Nonfinancial Corporations ... ... ... ... ... ...

Claims on Private Sector 17.1 17.7 18.9 22.1 24.2 18.0

Monetary Base 3,235.9 3,556.5 3,563.0 3,762.5 3,642.2 3,755.1

Currency in Circulation 1,593.0 1,605.0 1,604.3 1,636.7 1,653.7 1,685.7

Liabilities to ODCs (b) 1,640.2 1,948.8 1,921.0 2,123.1 1,985.8 2,066.7

Liabilities to Other Sectors 2.7 2.7 37.7 2.7 2.7 2.7

Other Liabilities to ODCs 4,102.5 3,938.3 3,792.8 3,638.8 3,315.5 2,967.2

Deposits and Securities Other than Shares Excluded

from Monetary Base5.8 5.9 6.2 6.0 6.4 6.2

Loans ... ... ... ... ... ...

Financial Derivatives ... ... ... ... ... ...

Shares and Other Equity (c) -947.0 -676.2 -567.5 -153.9 -43.3 -143.2

Other Items (Net) -514.3 -616.2 -613.3 -620.3 -627.6 -600.2

(a) The decline in September 2013 was due to drawdowns of transferrable deposits by the Government.

(b) Refer to footnote (b) in Table 2.1.

(c) The decreases reflect foreign exchange losses (foreign currency revaluation) resulting from the past appreciation of the kina against the US dollar.

page 3 of 25

Table 1.2: OTHER DEPOSITORY CORPORATIONS SURVEY (ODCS) (K' million)


Net Foreign Assets 2,040.6 2,146.9 2,180.7 2,511.0 2,542.0 2,330.5



Claims on Bank of Papua New Guinea 6,076.2 6,129.5 6,027.2 6,121.5 5,668.8 5,253.8

Currency 405.7 449.1 413.7 423.0 440.7 429.8

Reserve Deposits and Securities Other than Shares (a) 1,640.3 1,949.0 1,917.2 2,123.5 1,991.1 1,947.8

Other Claims on Central Bank (b) 4,030.2 3,731.4 3,696.3 3,575.0 3,237.0 2,876.3

Net Claims on Central Government 1,958.5 2,178.6 2,270.0 2,262.2 2,471.0 2,634.6

Claims on Central Government 5,490.6 5,562.1 5,590.8 5,550.5 5,670.3 5,727.5

Securities 5,484.6 5,555.1 5,587.3 5,543.4 5,663.7 5,716.2

Loans 4.1 5.5 0.8 5.2 4.8 9.5

Others 1.9 1.5 2.7 1.9 1.9 1.9

Liabilities to Central Government 3,532.1 3,383.5 3,320.8 3,288.3 3,199.3 3,092.9

Claims on Other Sectors 9,743.0 9,694.4 9,752.6 9,887.4 9,995.8 9,986.1

Claims on Other Financial Corporations 86.8 77.0 84.0 74.4 77.2 76.3

Claims on Provincial and Local Governments 1.0 1.0 0.1 0.1 0.1 0.1

Claims on Public Nonfinancial Corporations 393.7 381.2 266.7 152.5 150.1 125.7

Claims on Private Sector 9,261.6 9,235.2 9,401.8 9,660.4 9,768.4 9,784.1

Liabilities to Bank of Papua New Guinea 5.1 5.1 5.1 6.1 6.1 6.3

Transferable Deposits Included in Broad Money 9,994.8 10,362.3 10,235.1 10,591.4 10,376.2 10,731.5

Other Deposits Included in Broad Money 6,288.5 6,179.0 6,143.6 6,153.6 6,304.4 5,988.9

Securities Other than Shares Included in Broad Money 62.1 62.7 63.2 63.8 64.4 61.8

Deposits Excluded from Broad Money 4.9 4.7 4.4 4.6 7.2 4.4

Securities Other than Shares Excluded from Broad

Money 5.1 5.1 5.2 5.2 5.3 5.0

Loans 4.0 4.0 4.0 3.3 3.3 3.3


Insurance Technical Reserves ... ... ... ... ... ...

Shares and Other Equity 4,603.3 4,708.8 4,845.5 4,850.7 4,930.2 5,022.1

Other Items (Net) -1,149.5 -1,182.3 -1,075.6 -896.8 -1,019.4 -1,618.2

(a) Includes Cash Reserve Requirement (CRR) and Exchange Settlement Account (ESA) deposits of commercial banks.

(b) Includes Central Bank Bills (CBB).

page 4 of 25


NET FOREIGN ASSETS 8,545.9 8,708.5 8,805.5 9,283.1 9,218.8 8,943.9


Liabilities to Nonresidents 654.8 909.2 945.7 811.9 911.3 1,176.0

DOMESTIC CLAIMS 11,076.6 11,512.1 11,576.7 12,006.7 12,049.3 11,970.3



Liabilities to Central Government (b) 5,021.2 4,593.6 4,573.4 4,245.6 4,472.1 4,700.6


Claims on Other Financial

Corporations 87.4 77.5 84.4 74.7 77.3 76.3

Claims on Provincial and Local

Governments 1.0 1.0 0.1 0.1 0.1 0.1

Claims on Public Nonfinancial

Corporations 393.7 381.2 266.7 152.5 150.1 125.7


BROAD MONEY (M3*) 17,541.1 17,768.4 17,676.3 18,031.3 17,966.9 18,046.9

Narrow Money (M1*) 11,185.3 11,521.4 11,464.0 11,808.5 11,592.4 11,990.5

Currency Outside Depository

Corporations1,187.3 1,155.9 1,190.6 1,213.8 1,213.1 1,255.9

Transferable Deposits 9,998.0 10,365.5 10,273.4 10,594.7 10,379.4 10,734.6

Other Deposits 6,293.8 6,184.4 6,149.1 6,159.0 6,310.1 5,994.6

Securities Other than Shares 62.1 62.7 63.2 63.8 64.4 61.8

DEPOSITS EXCLUDED FROM BROAD

MONEY 4.9 4.7 4.4 4.7 7.2 4.4

SECURITIES OTHER THAN SHARES

EXCLUDED FROM BROAD MONEY 5.2 5.2 5.3 5.3 5.3 5.1

LOANS 4.0 4.0 4.0 3.3 3.3 3.3

FINANCIAL DERIVATIVES ... ... ... ... ... ...

INSURANCE TECHNICAL RESERVES ... ... ... ... ... ...

SHARES AND OTHER EQUITY 3,656.3 4,032.6 4,278.0 4,696.8 4,886.9 4,878.9

OTHER ITEMS (NET) (c) -1,589.0 -1,594.3 -1,585.7 -1,451.7 -1,601.5 -2,024.5

(a) Beginning in December 2001, the data are based on the extended coverage of the other depository corporations which comprise commercial

banks, merchant banks, finance companies, savings and loans societies and microfinance companies. The depository corporations survey

(DCS) is derived from the central bank survey (Table 1.1) and other depository corporations survey (ODCS) (Table 1.2).

(b) See footnote (b) in Table 1.1.

(c) Other Items (Net) excludes consolidation adjustments which does not correspond to Table 1.1 (CBS) and Table 1.2 (ODCS).

TABLE 1.3: DEPOSITORY CORPORATION SURVEY (DCS) (K' million) (a)

page 5 of 25

Table 1.4: OTHER FINANCIAL CORPORATIONS SURVEY (OFCS) (K' million) (a)

Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13

Net Foreign Assets 811.6 934.8 942.1 954.1 1,080.5 1,475.5

Claims on Nonresidents (b) 814.6 938.1 957.2 959.7 1,087.5 1,483.9


Claims on Depository Corporations 2,298.2 2,089.6 2,403.0 2,437.3 2,795.4 2,676.1

Currency (c) ... ... ... ... ... ...

Claims on Bank of PNG 1.2 ... ... ... ... ...

Claims on Other Depository Corporations 2,297.0 2,089.5 2,403.0 2,437.3 2,795.4 2,676.1

Deposits 860.2 648.3 1024.4 1,053.7 1,287.8 1,340.3

Securities ... ... ... ... ... ...

Shares 1,436.8 1,441.2 1,378.6 1,383.6 1,507.5 1,335.7

Others ... ... ... ... ... ...



Securities 1,142.6 1,350.5 1,431.8 1,438.6 1,497.2 1,582.9

Loans 0.7 0.8 1.4 1.9 1.9 2.3

Others 212.3 296.6 295.3 299.2 283.7 310.2

Liabilities to Central Government 52.4 56.4 98.5 94.2 82.3 67.6


Claims on Provincial and Local Governments ... ... ... ... ... ...



Deposits Excluded from Broad Money 8.1 9.2 10.2 9.8 9.8 11.0

Securities Other than Shares Excluded from

Broad Money... ... ... ... ... ...

Loans ... ... 3.1 2.8 2.7 2.7


Insurance Technical Reserves (d) 6,075.6 6,182.1 6,578.2 6,888.3 7,455.4 7,513.4

Shares and Other Equity 1,303.9 1,429.5 1,809.2 1,619.8 1,838.7 2,220.2

Other Items (Net) -1,474.6 -1,504.2 -1,647.6 -1,624.5 -1,648.6 -1,642.1

(a) The OFC survey is a consolidation of the non-deposit taking institutions' balance sheets. This currently comprises of Licensed

Superannuation Funds, Fund Administrators, Investment Managers, Life Insurance companies, Life Insurance Brokers and the National

Development Bank. The coverage excludes other financial institutions outside the Bank's supervision such as the General Insurance

companies. For OFCs, quarterly reports are published as per the periodicity of the data collected.

(b) Investments with nonresident corporations.

(c) Notes and coins (cash in vaults) held by OFCs.

(d) Major liability item of the Superannuation Funds & Life Insurance companies. Refer to footnote (b) in Tables 6.1 and 6.2.

page 6 of 25

TABLE 1.5: FINANCIAL CORPORATIONS SURVEY (FCS) (K' million) (a)


NET FOREIGN ASSETS 10,209.1 9,666.7 10,415.6 9,811.0 9,626.3 10,758.6



DOMESTIC CLAIMS 11,445.5 12,239.1 12,497.1 13,601.0 14,771.4 15,885.7



Liabilities to Central Government 4,011.5 4,326.5 3,865.2 4,896.5 5,105.5 4,316.2


Claims on Provincial and Local Governments 0.1 0.1 0.1 0.1 1.0 0.1



CURRENCY OUTSIDE FINANCIAL

CORPORATIONS1,277.9 1,186.3 1,213.9 1,155.8 1,187.3 1,213.6

DEPOSITS 13,477.9 13,422.2 14,058.2 14,144.9 14,615.5 14,933.7

SECURITIES OTHER THAN SHARES 62.4 64.1 62.5 63.8 62.1 63.8

LOANS 6.7 6.0 6.3 4.7 4.0 3.3

FINANCIAL DERIVATIVES ... ... ... ... ... ...

INSURANCE TECHNICAL RESERVES 6,075.6 6,182.1 6,578.2 6,888.3 7,455.4 7,513.4

SHARES AND OTHER EQUITY 4,164.4 4,658.8 5,138.3 5,257.6 5,495.0 6,917.0

OTHER ITEMS (NET) (b) -3,410.3 -3,613.7 -4,144.7 -4,103.1 -4,421.4 -4,000.6

(a) Beginning in June 2009, the Financial Corporation Survey (FCS) was constructed with the inclusion of the other financial corporation (OFC)

survey Table 1.4. The FCS is a consolidation of the financial sector's balance sheets comprising of the Depository Corporation Survey (DCS)

Table1.3 and the OFC survey. The FCS provides an indication of the financial sector's position against resident economic sectors and nonresidents.

(b) Other Items (Net) excludes consolidation adjustments which does not correspond to Table 1.3 (DCS) and Table 1.4 (OFCS).

page 7 of 25

TABLE 1.6.1: MOVEMENTS IN MONETARY AGGREGATES (K' million) (a)


1.0 NET FOREIGN ASSETS -484.3 162.7 97.0 477.6 -64.2 -274.9

1.1 Claims on Nonresidents -459.3 417.1 133.4 343.8 35.1 -10.3

1.2 Liabilities to Nonresidents 25.1 254.5 36.5 -133.8 99.4 264.7

2.0 DOMESTIC CLAIMS 677.8 435.6 64.6 430.0 42.7 -78.9

2.1 Net Claims on Central Government 362.2 483.6 5.3 292.2 -67.8 -63.0

2.1.1 Claims on Central Government 175.3 56.0 -14.9 -35.6 158.7 165.5

2.1.2 Liabilities to Central Government -186.9 -427.6 -20.2 -327.8 226.5 228.5

2.2 Claims on Other Sectors 315.6 -48.1 59.3 137.8 110.4 -16.0

2.2.1 Claims on Other Financial Corporations -2.4 -9.9 6.9 -9.7 2.6 -1.1

2.2.2 Claims on Provincial and Local Governments 0.2 ... - 0.9 ... ... ...

2.2.3 Claims on Public Nonfinancial Corporations 7.1 -12.5 -114.5 -114.2 -2.4 -24.3

2.2.4 Claims on Private Sector 310.7 -25.7 167.8 261.7 110.2 9.4

3.0 DEPOSITS EXCLUDED FROM BROAD MONEY ... - 0.2 - 0.3 0.2 2.5 - 2.8

4.0SECURITIES OTHER THAN SHARES EXCLUDED FROM BROAD

MONEY 0.1 0.1 ... ... ... ...

5.0 LOANS - 0.7 ... ... - 0.7 ... ...

6.0 FINANCIAL DERIVATIVES ... ... ... ... ... ...

7.0 INSURANCE TECHNICAL RESERVES ... ... ... ... ... ...

8.0 SHARES & OTHER EQUITY -171.7 376.4 245.3 418.8 190.1 -8.0

9.0 OTHER ITEMS (NET) 101.0 -5.3 8.6 134.3 -149.9 -422.8

10.0 BROAD MONEY (M3*) (1.0+2.0-3.0-4.0-5.0-6.0-7.0-8.0-9.0) 264.8 227.3 -92.1 354.9 -64.3 80.0

1.0 BROAD MONEY (M3*) (1.1+1.2+1.3) 264.8 227.3 -92.1 354.9 -64.3 80.0

1.1 Narrow Money, M1* (1.1.1+1.1.2) 6.0 336.1 -57.4 344.5 -216.0 398.1

1.1.1 Curreny Outside Depository Corporations 25.4 -31.4 34.6 23.2 -0.7 42.9

1.1.2 Transferable Deposits -19.4 367.5 -92.0 321.3 -215.3 355.2

1.2 Other Deposits 258.6 -109.4 -35.3 9.9 151.1 -315.5

1.3 Securities Other than Shares 0.3 0.6 0.6 0.6 0.6 - 2.5

ANNUAL GROWTH RATES (%)

M1* 5.7 7.0 10.1 13.6 10.6 14.0

M3* 7.7 8.2 9.8 12.1 11.0 11.1

Domestic Claims (Excl. Claims on Central Government) 19.6 18.1 15.4 15.2 15.2 13.3

(a) Monthly changes, as a result it won't correspond to the Bank's Quarterly Economic Bulletin Table 1.2 (S3), which shows quarterly and annual

changes from the Depository Corporation Survey (DCS).

TABLE 1.6.2: MOVEMENTS IN CREDIT AGGREGATES (K' million) (b)

Sep-12 Dec-13 Mar-13 Jun-13 Sep-13

1.1 Claims on Central Government 388.2 -424.6 1680.7 647.3 118.0

1.2 Claims on Provincial and Local Government ... ... ... 0.9 2.0

1.3 Claims on Nonfinancial Corporation 458.2 -261.0 80.9 -4.3 -238.4

1.4 Claims on Private Sector 262.3 482.1 373.7 733.6 445.2

QUARTERLY GROWTH RATES (%)

1.5 Claims on Central Government 6.7 - 6.8 29.0 8.7 1.5

1.6 Claims on Provincial and Local Government ... ... ... ... ...

1.7 Claims on Nonfinancial Corporation 191.5 - 37.4 18.5 - 0.8 - 46.5

1.8 Claims on Private Sector 2.8 5.0 3.7 7.0 4.0

(b) Quarterly movements and changes in Credit aggregates from the Financial Corporation Survey (FCS).

MONEY SUPPLY DETERMINANTS

of 25

Table 2.1: BANK OF PAPUA NEW GUINEA BALANCE SHEET (K' million)


TOTAL LIABILITIES 7,991.3 8,053.9 8,077.9 8,259.3 8,275.3 8,278.4

Currency in Circulation 1,593.0 1,605.0 1,604.3 1,636.7 1,653.7 1,685.7

Deposits 3,138.1 3,167.7 3,217.8 3,089.6 3,268.3 3,690.0

Central Government (a) 1,489.1 1,210.0 1,252.6 957.3 1,272.8 1,613.7

Other Depository Corporations (b) 1,640.5 1,949.2 1,921.5 2,123.6 1,986.4 2,067.3

Other Sectors 8.4 8.5 43.9 8.7 9.0 8.8

Securities Other than shares 4,097.7 3,929.6 3,788.4 3,634.3 3,310.9 2,965.6

Other Depository Corporations 4,097.6 3,929.5 3,788.3 3,634.2 3,310.8 2,965.5

Other Resident Sectors 0.1 0.1 0.1 0.1 0.1 0.1

Loans ... ... ... ... ... ...

Reverse Repurchase Agreement ... ... ... ... ... ...

Other Depository Corporations ... ... ... ... ... ...


Foreign Liabilities 421.6 438.7 447.1 471.0 485.7 475.1

Other Foreign Liabilities 7.0 7.1 7.1 7.1 15.2 7.0

SDR Allocations (c) 414.5 431.6 440.0 464.0 470.5 468.1

Other Liabilities 108.8 53.2 58.9 78.3 104.0 106.5

Other Depository Corporations 4.5 8.4 4.0 4.2 4.1 1.1

Others 104.3 44.8 54.9 74.1 99.8 105.4

Shares & Other Equity -1,367.9 -1,140.4 -1,038.6 -650.7 -547.3 -644.5

Capital and Reserves -1367.9 -1140.4 -1038.6 -650.7 -547.3 -644.5

TOTAL ASSETS 7,991.3 8,053.9 8,077.9 8,259.3 8,275.3 8,278.4

Foreign Assets 6,927.1 6,998.9 7,070.3 7,241.5 7,160.9 7,086.9

Monetary Gold (d) 114.5 127.0 135.0 133.0 135.6 128.3

SDR Holdings (c) 31.0 32.3 32.7 34.5 35.0 34.7

Foreign Exchange 6,781.7 6,839.7 6,902.6 7,074.0 6,990.3 6,923.8

Claims on Central Government 846.5 831.0 787.4 792.2 831.0 939.3


Treasury Bills (e) 199.3 199.7 194.2 195.2 195.7 195.7

Inscribed Stocks 564.0 569.3 579.9 585.2 622.0 651.8

Advances (f) 83.3 61.9 13.3 11.8 13.3 91.8

Claims on ODCs 2.5 7.6 2.5 3.9 33.9 22.1

Claims on Other Sectors 17.1 17.7 18.9 22.1 24.2 18.0

Other Financial Corporations ... ... ... ... ... ...

Provincial and Local Governments ... ... ... ... ... ...

Public Nonfinancial Corporations ... ... ... ... ... ...

Private Sector 17.1 17.7 18.9 22.1 24.2 18.0

Shares and Other Equity ... ... ... ... ... ...

Insurance Technical Reserves 0.6 0.5 0.4 0.3 0.1 ...


Other Assets 0.4 0.4 0.3 0.4 26.5 9.8

Nonfinancial Assets 197.0 197.8 198.2 198.9 198.7 202.3

Fixed Assets 149.6 151.4 151.6 152.7 152.9 154.9

Other Nonfinancial Assets 47.4 46.3 46.6 46.2 45.9 47.5

(a) Refer to footnote (a) in Table 1.1.

(b) The increases in July, September and November 2013 reflected placements of transferable deposits at the Central Bank.

(c) Begining of August 2009, the IMF SDR allocations were reclassified as foreign liabilities and not as 'shares and other equity'

consistent with the methodology in the System of National Accounts (SNA) 2008 and the Balance of Payments Manual, 6th

edition (BPM 6). The IMF member countries pay interest on the SDR allocations and therefore are considered as debt holdings

and not equity. Historical data were revised accordingly.

(d) From January 2002, gold holdings are valued at market price.

(e) From January 2002, Treasury bills were revised and reported at discount values. Treasury bills bought from the Government and sold

under the BPNG TAP facility, since August 2012.

(f) The increase in November 2013 reflected borrowing by the Government under the temporary advance facility, while the declines reflected

repayments.

page 9 of 25

Treasury Bills (a) Central Bank Bills (b)

182 days 364 days 28 days 63 days 91 days 182 days

2012 - Month ended Feb ... ... 2.51 2.91 2.93 3.43 7.75 8.75 6.75

2013 - Month ended Mar 2.90 3.11 2.40 2.79 2.80 3.10 7.75 8.75 6.75

Apr 2.84 2.99 2.29 2.72 2.70 3.09 7.75 8.75 6.75

May 2.55 2.83 1.95 2.39 2.36 2.61 7.75 8.75 6.75

Jun ... 3.05 2.04 2.40 2.49 2.62 7.75 8.75 6.75

Jul ... ... 2.01 2.35 2.56 2.61 7.75 8.75 6.75

Aug 2.85 3.32 2.02 2.41 2.57 2.64 7.75 8.75 6.75

Sep 2.75 3.28 2.02 2.41 2.56 2.70 6.75 7.75 5.75

Oct 2.05 2.99 2.00 2.36 2.50 2.61 6.75 7.75 5.75

Nov ... 2.79 2.00 2.25 2.38 2.48 6.75 7.75 5.75

Dec ... 2.55 1.98 2.11 2.22 2.32 6.75 7.75 5.75

2013 - Month ended Jan 2.14 2.47 1.97 2.06 2.14 ... 6.75 7.75 5.75

Feb 2.15 2.42 1.87 1.96 2.02 2.18 6.75 7.75 5.75

Mar 1.90 2.14 1.79 1.85 1.93 2.00 6.25 7.25 5.25

Apr 1.79 1.96 1.71 1.77 1.82 1.87 6.25 7.25 5.25

May 2.05 2.32 1.65 1.72 1.75 1.95 6.25 7.25 5.25

Jun ... 2.64 1.67 1.73 1.75 2.05 6.25 7.25 5.25

Jul ... 2.82 1.70 1.77 1.79 2.14 6.25 7.25 5.25

Aug ... 3.13 1.70 1.81 1.84 2.16 6.25 7.25 5.25

Sep ... 3.13 1.72 1.81 1.84 2.21 6.25 7.25 5.25

Oct ... 3.18 1.77 1.86 1.93 2.29 6.25 7.25 5.25

Nov ... 3.60 1.85 2.04 2.11 2.45 6.25 7.25 5.25

Dec ... 3.72 1.84 2.10 3.17 2.51 6.25 7.25 5.25

2013 - Week ended 20 -Dec ... 3.70 1.84 2.09 2.16 2.50 6.25 7.25 5.25

27 -Dec ... 3.72 1.84 2.10 3.17 2.51 6.25 7.25 5.25

2014 - Week ended 3 -Jan ... 3.76 1.84 2.12 2.17 2.51 6.25 7.25 5.25

10 -Jan ... 3.81 1.83 2.10 2.17 2.51 6.25 7.25 5.25

(a)

(b)

(c) Monthly benchmark rate announced by the BPNG, which reflects its stance of monetary policy. In June 2011, the Kina Facility Rate (KFR) increased by 25 basis points to 7.25

percent reflecting inflationary pressures arising from strong domestic demand. In July 2011, the KFR was increased further by 25 basis points to 7.50 percent and in September

2011, it was increased by 25 basis points to 7.75 percent. In September 2012, the KFR was reduced by 100 basis points to 6.75 percent. As of 4th March 2013, the KFR

was further reduced by 50 basis points to 6.25 percent.

(d)

The Treasury Bill rate is the weighted average rate at the last auction of the month.

Since 07 September 2005, BPNG has been auctioning separately its Central Bank bills (CBB) from the government's auction of Treasury Bills with the 28 days term. As of 12

May 2006, 63 days term were introduced, while the 91 days term CBB were introduced on 14 May 2008. As of 25 August 2010, new issuance of 182 days term CBB were

introduced.

Table 2.2: BANK OF PAPUA NEW GUINEA INTEREST RATES (%)

Kina

Facility

Rate (c)

Repo

(d)

Reverse

Repo (d)

As a result of the introduction of the term Repo, the weekly Kina Facility was discontinued on 14 April 2003. A margin from the KFR is applied for Repurchase Agreement

Facility (Repo).

page 10 of 25

Year ago Growth Rate (%) (b)

10-Jan-14 3-Jan-14 27-Dec-13 11-Dec-13 27-Dec-13 10-Jan-14

LIABILITIES

Transferable Deposits 13,057.6 13,045.6 13,035.7 12,472.9 3.8 4.7

Cheque Account Deposits 11,879.0 11,870.3 11,863.8 11,296.8 4.4 5.2

Passbook & Other Demand Deposits 1,178.6 1,175.3 1,171.9 1,176.1 - 1.9 0.2

Other Deposits 5,087.8 5,090.0 5,095.8 4,841.9 7.4 5.1

Term Deposits 3,688.1 3,692.0 3,696.7 3,681.5 1.0 0.2

Foreign Currency Deposits 1,399.7 1,398.0 1,399.1 1,160.4 29.4 20.6

Total Deposits 18,145.4 18,135.6 18,131.5 17,314.8 4.8 4.8

ASSETS

Total Lending 8,589.8 8,581.5 8,571.9 7,904.2 8.4 8.7

Kina Lending 7,907.6 7,900.2 7,891.8 7,315.6 7.9 8.1

Foreign Currency Lending denominated in kina (c) 682.2 681.3 680.1 588.6 15.3 15.9

Liquid Assets 8,570.7 8,256.5 8,578.8 8,633.3 - 5.7 - 0.7

Table 3.2: COMMERCIAL BANKS' PRINCIPAL ASSETS AND LIABILITIES: WEEK ENDING BALANCES (K' million)

Year ago

10-Jan-14 3-Jan-14 27-Dec-13 11-Jan-13

LIABILITIES

Transferable deposits 13,724.6 13,592.8 13,738.0 12,224.2 -13.4 12.3

Cheque Account Deposits 12,361.4 12,231.0 12,336.1 11,070.7 25.3 11.7

Passbook & Other Demand Deposits 1,363.2 1,361.8 1,401.9 1,153.5 -38.7 18.2

Other Deposits 4,967.0 4,763.7 4,635.6 5,031.0 331.4 - 1.3

Term Deposits 3,468.9 3,429.9 3,419.1 3,724.3 49.8 - 6.9

Foreign Currency Deposits 1,498.1 1,333.8 1,216.5 1,306.7 281.6 14.6

Total Deposits 18,691.6 18,356.5 18,373.6 17,255.2 318.0 8.3

ASSETS

Total Lending 9,057.2 9,112.0 9,133.9 7,880.1 -76.7 14.9

Kina Lending 8,323.3 8,365.0 8,404.5 7,319.4 -81.2 13.7

Foreign Currency Lending

denominated in kina (c) 733.9 747.0 729.4 560.7 4.5 30.9

Liquid Assets 8,437.9 8,256.5 8,224.2 8,505.4 213.7 - 0.8

(a)

(b)

period in the previous year.

(c)

(d)

(e)

(f) The growth rate is calculated as current week on corresponding week in the previous year.

Year to date weekly average.

The growth is measured by using the current year to date weekly average over the average of the corresponding

Adjusted for foreign exchange fluctuations. Includes balances due from importers under Term Letters of Credit.

Absolute levels.

Table 3.1: COMMERCIAL BANKS' PRINCIPAL ASSETS AND LIABILITIES: WEEKLY AVERAGES (K' million)

Change from the previous fortnight.

Change

over the

Fortnight

(e)

Growth

Rate (%)

(f)

Week Ending (d)

Weekly Average (a)

page 11 of 25

WESTPAC ANZ BSP MAYBANK TOTAL

TOTAL LIABILITIES 4,263.9 6,399.6 13,512.3 650.2 24,826.0

Foreign Liabilities 118.2 1.4 550.9 28.0 698.5

Deposits 3,212.6 4,603.6 10,399.9 373.8 18,589.9

Transferable Deposits 1,734.3 3,615.9 4,885.2 373.8 10,609.2

Other Deposits 1,462.8 942.2 2,579.7 ... 4,984.7

Central Government Deposits 15.5 45.5 2,935.0 ... 2,996.0

Loans ... ... 4.8 ... 4.8

Securities Other than Shares ... 76.2 ... 76.2

Financial Derivatives ... ... ... ... ...

Insurance Technical Reserves ... ... ... ... ...

Other Liabilities 94.5 402.5 759.3 66.9 1,323.2

Shares and Other Equity 838.8 1,392.2 1,721.2 181.5 4,133.7

TOTAL ASSETS 4,263.9 6,399.6 13,512.3 650.2 24,826.0

Foreign Assets 811.0 833.5 1,400.1 14.4 3,059.0

Currency and Deposits with BPNG 353.4 594.4 1,280.8 145.9 2,374.5

Currency 59.3 113.7 250.1 4.2 427.3

Deposits 294.1 480.7 1,030.7 141.7 1,947.2

Securities Other than Shares 1,350.7 1,779.2 4,768.3 322.4 8,220.6

Loans 1,646.8 2,804.9 4,211.3 147.2 8,810.2

Central Government ... ... 9.4 ... 9.4

Provincial and Local Governments ... ... ... ... ...

Public Nonfinancial Corporations 61.3 64.2 ... ... 125.5

Bank of Papua New Guinea ... ... ... ... ...

Other Financial Corporations 3.7 15.7 14.6 ... 34.0

Other Depository Corporations ... ... 78.6 ... 78.6

Private Sector 1,581.8 2,725.0 4,108.7 147.2 8,562.7

Kina 1,533.8 2,521.4 3,851.0 147.2 8,053.4

Foreign Currency 48.0 203.6 257.7 ... 509.3

Shares and Other Equity ... ... 19.4 ... 19.4



Other Assets 32.4 263.3 695.8 14.3 1,005.8

Nonfinancial Assets 69.9 124.3 1,136.6 6.1 1,336.9

Note:

(a) Source: Financial Corporations (FC1) - Monthly Statement of Assets and Liabilities.

Table 3.3: COMMERCIAL BANKS' BALANCE SHEET (K' million) (a)

Total deposits and loans do not necessarily equal the amounts in Table 3.2, which shows end of week data, while above captures monthly balances. All

months do not end at the end of the week.

End of November 2013

page 12 of 25

Liquid

Assets

(K'm)

Liquid

Assets

Ratio (a)

(%)

Minimum

Requirement

Liquidity Ratio

(%) (b)

Cash Reserve

Requirement

(%) (b)

Free

Reserves

Margin (%)

2013 - Week ended Feb - 1 8548.5 50.1 0.0 8.0 50.1

Feb - 8 8601.8 49.6 0.0 8.0 49.6

Feb - 15 8603.1 49.5 0.0 8.0 49.5

Feb - 22 8981.1 51.5 0.0 8.0 51.5

Mar - 1 8978.8 51.3 0.0 8.0 51.3

Mar - 8 9066.7 51.8 0.0 8.0 51.8

Mar - 15 9079.6 51.8 0.0 8.0 51.8

Mar - 22 9163.0 52.2 0.0 8.0 52.2

Mar - 28 9215.3 52.1 0.0 8.0 52.1

Apr - 5 9197.6 52.1 0.0 8.0 52.1

Apr - 12 9220.4 52.0 0.0 8.0 52.0

Apr - 19 9071.5 50.7 0.0 8.0 50.7

Apr - 26 9284.5 51.9 0.0 8.0 51.9

May - 3 9269.3 51.9 0.0 8.0 51.9

May - 10 9021.3 50.6 0.0 8.0 50.6

May - 17 9110.0 50.8 0.0 8.0 50.8

May - 24 8983.8 49.9 0.0 8.0 49.9

May - 31 8893.1 49.0 0.0 8.0 49.0

Jun - 7 8965.4 49.3 0.0 8.0 49.3

Jun - 14 8923.8 49.2 0.0 8.0 49.2

Jun - 21 8715.3 47.8 0.0 8.0 47.8

Jun - 28 8533.5 46.0 0.0 8.0 46.0

Jul - 5 8529.5 46.5 0.0 8.0 46.5

Jul - 12 8491.5 45.8 0.0 8.0 45.8

Jul - 19 8576.3 46.0 0.0 8.0 46.0

Jul - 26 8585.6 45.8 0.0 8.0 45.8

Aug - 2 8643.0 45.3 0.0 8.0 45.3

Aug - 9 8631.4 45.4 0.0 8.0 45.4

Aug - 16 8641.5 45.4 0.0 8.0 45.4

Aug - 23 8375.5 44.8 0.0 8.0 44.8

Aug - 30 8452.8 45.2 0.0 8.0 45.2

Sep - 6 8468.9 45.3 0.0 8.0 45.3

Sep - 13 8354.2 44.7 0.0 8.0 44.7

Sep - 20 8341.8 44.5 0.0 8.0 44.5

Sep - 27 8484.9 45.4 0.0 8.0 45.4

Oct - 4 8077.9 42.8 0.0 8.0 42.8

Oct - 11 8024.2 42.8 0.0 9.0 42.8

Oct - 18 8083.4 43.3 0.0 9.0 43.3

Oct - 25 7860.1 42.1 0.0 9.0 42.1

Nov - 1 7887.7 42.4 0.0 9.0 42.4

Nov - 8 7720.5 41.4 0.0 9.0 41.4

Nov - 15 7780.4 41.6 0.0 9.0 41.6

Nov - 22 7692.6 41.4 0.0 9.0 41.4

Nov - 29 7793.0 41.9 0.0 9.0 41.9

Dec - 6 7917.3 42.8 0.0 9.0 42.8

Dec - 13 8162.7 43.9 0.0 9.0 43.9

Dec - 20 8406.5 45.6 0.0 9.0 45.6

Dec - 27 8224.2 44.8 0.0 9.0 44.8

2014 - Week ended Jan - 3 8256.5 45.0 0.0 9.0 45.0

Jan - 10 8437.9 45.1 0.0 9.0 45.1

(a) The effective liquid assets ratio is the ratio of approved liquid assets, excluding Cash Reserve Requirement (CRR) but including

Repo deposits with BPNG, to total deposits and other prescribed liabilities.

(b) The MLAR is expressed as a percentage of total deposits and other prescribed liabilities of commercial banks.

CRR is a non-interest bearing deposit of commercial banks held at the Central Bank and is expressed as a percentage of

total deposits and other prescribed liabilities. As of 1 October 2010, the CRR was increased from 3 percent to 4 percent of

total deposits and other prescribed liabilities, while the MLAR was reduced from 25 percent to zero percent. On 11 July 2011,

the CRR was increased from 4 percent to 5 percent and again on 8 August 2011 to 6 percent. On 5 March 2012, the CRR

was increased to 7 percent and further to 8 percent on 8 June 2012 . On 7 October 2013, the CRR increased from 8 percent

to 9 percent.

Table 3.4: COMMERCIAL BANK LIQUID ASSETS

page 13 of 25

Table 3.5: COMMERCIAL BANKS' LENDING COMMITMENTS


New and Increased Commitments (K'm) 342.2 355.0 255.0 290.0 300.0 390.0

Cancelled or Reduced Commitments (K'm) -203.7 -187.2 -491.7 -387.4 -407.4 -78.0

Change in Total Outstanding (K'm) 138.5 167.8 -236.7 -97.4 -107.4 311.9

Total Outstanding (K'm) 8079.1 8246.9 8010.2 7912.8 7805.4 8117.3

Annual percentage Change (%) 5.2 6.4 4.2 -0.4 -3.4 4.0

Utilisation of Credit Limits (%) 99.4 101.5 91.1 86.4 80.7 82.6


(%) (%) (%) (%) (%) (%)

Lending 9.85 9.92 9.89 9.64 9.50 9.83

Deposits

Cheque 0.08 0.08 0.07 0.07 0.07 0.07

Other demand 0.39 0.37 0.37 0.39 0.41 0.41

Term Deposits

less than 30 days 0.82 0.77 0.86 0.83 0.81 0.81

30 days to 89 days 1.00 1.14 1.01 0.93 1.00 1.01

90 days to 182 days 1.39 1.30 1.43 1.63 1.66 1.53

183 days to 365 days 1.76 1.32 1.92 1.93 2.05 2.57

366 days and over 3.62 3.79 3.78 3.53 3.55 3.47

Total 0.33 0.33 0.34 0.32 0.33 0.33

Indicator Lending Rate (ILR) Spread 11.20 - 11.70 11.20 - 11.70 11.20 - 11.70 11.20 - 11.70 11.20 - 11.70 11.20 - 11.70

(a) Weighted averages on total portfolio.

Table 3.6: COMMERCIAL BANKS' INTEREST RATES (a)

page 14 of 25

Nov-12 Oct-13 Nov-13

K'm K'm K'm

LIABILITIES 658.8 769.8 773.3 21.6 17.4

Foreign liabilities ... ... ... ... ...

Deposits 426.5 490.1 489.4 21.1 14.7

Transferable Deposits Included in Broad Money ... ... ... ... ...

Other Deposits Included in Broad Money 345.5 417.2 414.8 29.4 20.1

Deposits Excluded from Broad money 1.7 0.4 0.9 -80.9 -47.1

Central Government Deposits 79.3 72.5 73.7 -9.4 -7.1

Loans 5.0 ... ... ... ...

Securities ... ... ... ... ...

Included in Broad Money ... ... ... ... ...

Excluded from Broad Money ... ... ... ... ...



Other Liabilities 52.0 53.7 53.0 1.5 1.9

Shares and Other Equity 175.3 226.1 230.9 32.5 31.7

ASSETS 658.8 769.8 773.3 21.6 17.4

Foreign Assets ... ... ... ... ...

Currency ... ... ... ... ...

Deposits with Commercial Banks 38.7 44.7 49.3 21.3 27.4

Securities Other Than Shares 109.6 124.7 126.5 46.0 15.4

Loans 487.5 563.3 562.4 15.5 15.4

Central Government ... ... ... ... ...

Provincial and Local Governments ... ... ... ... ...

Public Nonfinancial Corporations ... 0.2 0.2 ... ...

Other Nonfinancial Corporations 381.7 429.3 426.6 13.5 11.8

Other Residents 105.8 133.8 135.6 22.2 28.2

Shares and Other Equity 3.0 9.1 9.1 ... 203.3



Other Assets 13.8 20.0 17.9 63.9 29.7

Nonfinancial Assets 6.2 8.0 8.1 6.7 30.6

Jul-13 Aug-13 Sep-13 Oct-13 Nov-13

(%) (%) (%) (%) (%)

Lease Finance 36.00 36.00 36.00 36.00 36.00

Large Deposits

- 90 days 2.25 2.25 2.25 2.25 2.25

- 180 days 3.50 3.50 3.50 3.50 3.50

- 1 year 5.50 5.50 5.50 5.50 4.00

Table 4.2: FINANCE COMPANIES' INTEREST RATES (Maximum Rates)

Table 4.1: FINANCE COMPANIES' BALANCE SHEET (K' milliion)

As at last day of the month Annual % Change

Oct-13 Nov-13

page 15 of 25

Nov-12 Oct-13 Nov-13

K'm K'm K'm

LIABILITIES 482.1 517.1 522.9 10.0 8.5

Foreign liabilities ... ... ... ... ...

Deposits 284.0 301.7 306.2 9.4 7.8

Transferable Deposits Included in Broad Money ... ... ... ... ...

Other Deposits included in Broad Money 276.8 294.7 301.9 9.2 9.1

Deposits Excluded from Broad Money 7.2 7.0 4.3 14.8 -40.3

Central Government Deposits ... ... ... ... ...

Loans 6.0 3.3 3.3 -45.0 -45.0

Securities ... ... ... ... ...

Included in Broad Money ... ... ... ... ...

Excluded from Broad Money ... ... ... ... ...



Other Liabilities 33.7 42.9 41.5 36.1 23.1

Shares and Other Equity 158.4 169.1 171.9 8.0 8.5

ASSETS 482.1 517.1 522.9 10.0 8.5

Foreign Assets 3.8 ... ... ... ...

Currency ... ... ... ... ...

Deposits with Commercial Banks 28.3 32.8 19.2 143.0 -32.2

Securities Other Than Shares 99.2 100.7 112.2 7.0 13.1

Loans 282.1 317.9 322.4 12.1 14.3

Central Government 0.1 0.1 0.1 ... ...

Provincial and Local Governments 0.1 ... 0.1 ... ...

Public Nonfinancial Corporations ... ... ... ... ...

Other Nonfinancial Corporations 244.9 276.3 279.6 4.5 14.2

Other Residents 37.0 41.5 42.6 118.4 15.1

Shares and Other Equity 25.8 15.2 15.2 - 41.1 - 41.1


Financial Deratives ... ... ... ... ...

Other Assets 9.9 6.5 9.5 -40.9 -4.0

Nonfinancial Assets 33.0 44.0 44.4 33.3 34.5

Jul-13 Aug-13 Sep-13 Oct-13 Nov-13

(%) (%) (%) (%) (%)

Lease Finance 25.00 25.00 25.00 25.00 25.00

Large Deposits

- 90 days 1.50 1.50 1.50 1.50 1.50

- 180 days 2.25 2.25 2.00 2.00 2.00

- 1 year 2.50 2.50 2.50 2.50 2.50

Table 4.4: MERCHANT BANKS' INTEREST RATES (Maximum Rates)

Table 4.3: MERCHANT BANKS' BALANCE SHEET (K' million)

As at last day of the month Annual % Change

Oct-13 Nov-13

page 16 of 25

Table 5.1: SAVINGS AND LOAN SOCIETIES BALANCE SHEET (a) (K'million)

Oct-13 Nov-13

LIABILITIES 878.9 879.9 903.2 903.4 2.6 ...

Foreign Liabilities ... ... ... ... ... ...

Deposits 389.5 391.5 402.3 396.9 2.8 -1.3

Transferable Deposits Included in Broad Money 0.2 0.2 0.2 0.2 ... ...

Other Deposits Included in Broad Money 389.3 391.3 402.1 396.7 2.8 -1.3

Deposits Excluded from Broad Money ... ... ... ... ... ...

Central Government Deposits ... ... ... ... ... ...

Loans ... ... ... ... ... ...

Securities ... ... ... ... ... ...

Included in Broad Money ... ... ... ... ... ...

Excluded from Broad Money ... ... ... ... ... ...



Other Liabilities 34.1 33.5 39.7 37.9 18.5 -4.5

Shares and Other Equity 455.4 455.0 461.2 468.6 1.4 1.6

ASSETS 878.9 879.9 903.2 903.4 2.6 ...

Foreign Assets ... ... ... ... ... ...

Currency 2.8 2.7 0.6 0.5 - 77.8 -16.7

Deposits with Commercial Banks 65.6 69.0 83.5 77.7 21.0 -6.9


Loans 215.0 218.0 220.4 219.7 1.1 -0.3

Central Government ... ... ... ... ... ...



Other Nonfinancial Corporations ... ... ... ... ... ...

Private (household) 215.0 218.0 220.4 219.7 1.1 -0.3

Shares and Other equity 343.8 344.0 343.3 343.1 -0.2 -0.1



Other Assets 17.5 14.4 15.7 12.5 9.0 -20.4


(a) The reporting frequency has changed from bi-annual to quarterly as of March 2004 and further changed from quarterly to monthly

as of March 2010.

Monthly %

ChangeAug-13 Sep-13 Oct-13 Nov-13

page 17 of 25

Quarterly

% Change

Sep-13

LIABILITIES 7,030.3 7,285.4 7,668.8 7,783.5 8,194.4 5.3


Securities Excluded from Broad Money ... ... ... ... ... ...

Loans ... ... ... ... ... ...


Insurance Technical Reserves (b) 6,136.0 6,240.1 6,918.5 7,001.5 7,080.3 1.1


Shares and Other Equity (c) 743.6 877.0 531.6 545.7 902.2 65.3

ASSETS 7,030.3 7,285.4 7,668.8 7,783.5 8,194.4 5.3

Foreign Assets (d) 912.8 884.4 987.0 930.7 1,287.6 38.3

Currency ... ... ... ... ... ...

Deposits with Commercial Banks 520.3 639.1 673.6 682.1 785.7 15.2

Securities Other than Shares 1,378.7 1,412.3 1,416.9 1,529.4 1,574.9 3.0

Loans 147.2 161.2 139.4 155.0 182.4 17.7

Shares and Other Equity 2,543.6 2,609.1 2,938.2 2,943.7 2,810.6 -4.5



Other Assets 392.1 384.4 375.1 393.8 373.5 -5.2

Nonfinancial Assets 1,135.6 1,194.9 1,138.6 1,148.8 1,179.7 2.7

Fixed Assets 561.5 601.4 1064.8 1074.8 1103.5 2.7

Other Nonfinancial Assets (e) 574.1 593.5 73.8 74.0 76.2 3.0

(a) The reporting frequency is on a quarterly basis.

(b) The major liability item of the Superannuation Funds. These are contributors' funds which are considered assets of the

household sector rather than assets of the superannuation funds. The Superannuation Funds manage these funds for investments.

(c) The increases in December 2012 and September 2013 were mainly due to high net profits.

(d)

(e)

Jun-13Mar-13Dec-12

Consists of nonfinancial assets other than fixed assets, such as investments in property and land.

Claims on nonresident sectors.

Table 6.1: SUPERANNUATION FUNDS BALANCE SHEET (a) (K'million)

Sep-13Sep-12

page 18 of 25

Quarterly

% Change

Sep-13

LIABILITIES 403.6 467.2 467.6 459.4 454.8 -1.0



Loans ... ... ... ... ... ...


Insurance Technical Reserves (b) 45.2 70.5 62.1 48.8 43.2 -11.5

Net Equity of Households in Life Insurance

Reserves 33.2 39.2 37.9 37.2 34.8 -6.5

Prepaid Premiums & Reserves Against

Outstanding Claims12.0 31.3 24.2 11.6 8.4 -27.6



ASSETS 403.6 467.2 467.6 459.4 454.8 -1.0

Foreign Assets (c) 25.1 24.4 18.0 13.2 34.6 162.1

Currency ... ... ... ... ...


Securities Other than Shares 4.3 4.6 4.3 4.3 4.3 ...

Loans 0.2 0.2 0.3 0.2 0.2 ...


Insurance Technical Reserves 4.0 7.2 11.0 21.1 24.4 15.6


Other Assets 65.6 86.1 79.5 64.8 34.5 -46.8

Nonfinancial Assets 221.7 258.5 263.8 265.9 257.0 -3.4

Fixed Assets 203.3 241.4 247.4 251.1 244.0 -2.8

Other Nonfinancial Assets (d) 18.4 17.1 16.4 14.9 13.0 -12.8

(a)

(b) The major liability item of the Life Insurance companies. These are contributors' funds which are considered

assets of the household sector rather than assets of the life insurance companies that manage these funds.

(c)

(d)

Sep-13Mar-13Dec-12 Jun-13

Table 6.2: LIFE INSURANCE COMPANIES BALANCE SHEET (a) (K'million)

The reporting frequency is on a quarterly basis.

Claims on nonresident sectors.

Sep-12

Consists of nonfinancial assets other than fixed assets, such as investments in property and land.

page 19 of 25

Quarterly

% Change

Sep-13

LIABILITIES 47.9 47.8 55.2 51.0 52.0 2.0



Loans ... ... ... ... ... ...





ASSETS 47.9 47.8 55.2 51.0 52.0 2.0

Foreign Assets (b) 0.2 0.1 0.2 0.6 0.4 33.3

Currency ... ... ... ... ... ...

Deposits with Commercial Banks 6.5 8.4 13.5 9.0 8.1 -10.0

Securities Other than Shares 2.0 2.0 ... 2.0 3.9 95.0

Loans 5.4 5.3 0.4 0.3 0.3 ...

Shares and Other Equity 17.1 15.2 15.7 17.0 16.7 -1.8



Other Assets 16.1 16.2 24.8 21.6 22.1 2.3

Nonfinancial Assets 0.6 0.6 0.6 0.6 0.5 -16.7

Fixed Assets 0.6 0.6 0.6 0.6 0.5 -16.7

Other Nonfinancial Assets ... ... ... ... ... ...

(a)

(b)

Sep-13

Table 6.3: INVESTMENT MANAGERS' BALANCE SHEET (a) (K'million)

Investment Managers' claims on nonresident sectors.


Jun-13Dec-12Sep-12 Mar-13

page 20 of 25

Quarterly %

Change

Sep-13

LIABILITIES 345.8 379.0 366.4 406.9 458.8 12.8


Deposits Excluded in Broad Money (b) 9.2 10.2 9.8 9.8 11.0 12.2


Loans ... ... ... ... ... ...




Shares and Other Equity (c) 301.9 343.5 342.4 382.7 418.3 9.3

ASSETS 345.8 379.0 366.4 406.9 458.8 12.8

Foreign Assets ... ... ... ... ... ...

Currency ... ... ... ... 0.1 ...


Securities Other than Shares ... ... ... ... ... ...

Loans 150.4 167.5 175.1 184.7 201.0 8.8

Shares and Other Equity ... ... ... ... ... ...



Other Assets 35.9 34.1 35.7 36.8 38.5 4.6


Fixed Assets 104.9 130.0 127.0 134.6 151.0 12.2

Other Nonfinancial Assets ... ... ... ... ... ...

(a)

(b)

(c)

Mar-13


Funds placed with NDB as collateral for loans taken.

Consists of general reserves, retained earnings and current year results.

Sep-13

Table 6.4: NATIONAL DEVELOPMENT BANK BALANCE SHEET (a) (K'million)

Sep-12 Jun-13Dec-12

page 21 of 25

Table 6.5: GENERAL INSURANCE COMPANIES BALANCE SHEET (a) (K'million)

Quarterly

% Change

Sep-13

LIABILITIES 493.2 524.7 532.5 985.4 997.3 1.2

Foreign Liabilities 1.8 4.3 1.9 4.2 5.2 23.8

Deposits ... ... ... ... ... ...

Transferable Deposits Included in Broad Money ... ... ... ... ... ...

Other Deposits Included in Broad Money ... ... ... ... ... ...

Deposits Excluded from Broad Money ... ... ... ... ... ...

Central Government liabilities ... ... ... ... ... ...

Securities included in Broad Money ... ... ... ... ... ...


Loans 2.8 2.9 2.8 2.7 2.7 ...


Insurance Technical Reserves 265.6 272.3 294.1 409.9 403.1 - 1.7



ASSETS 493.2 524.7 532.5 985.4 997.3 1.2

Foreign Assets 52.0 48.3 45.3 143.0 148.4 3.8

Currency ... ... ... ... ... ...

Deposits with Commercial Banks 234.8 257.8 265.7 476.1 440.0 - 7.6

Securities Other than Shares 8.1 13.0 13.4 13.5 13.5 ...

Loans 0.2 0.2 0.2 2.0 0.4 - 80.0

Central Government ... ... ... ... ... ...



Other Nonfinancial Corporations ... ... ... ... ... ...

Private (household) ... ... ... ... ... ...

Other 0.2 0.2 0.2 2.0 0.4 - 80.0

Shares and Other equity 17.2 16.5 14.7 70.6 73.1 3.5

Insurance Technical Reserves 4.4 10.2 7.8 9.9 5.6 - 43.4


Other Assets 133.8 140.6 145.8 171.8 167.1 - 2.7


(a) The General Insurance companies commenced reporting monetary data in December 2011 and is first published in March 2013.

Sep-13Sep-12 Dec-12 Mar-13 Jun-13

of 25

Year

ended

2010

Year ended

2011

Year ended

2012

Previous

Year

Dec-12

Previous

Quarter

Jun-13

Latest

Quarter

Sep-13 (p)

CURRENT ACCOUNT -1,721 -407 -4,792 -1,588 -2,287 -1,136

GOODS BALANCE 6,026 6,343 3,264 944 -30 718

Credit (Exports) (b) 15,623 16,396 13,196 3,676 3,213 2,968

Debit (Imports) (c) -9,597 -10,053 -9,932 -2,732 -3,243 -2,250

SERVICES BALANCE -6,653 -6,024 -6,783 -2,009 -2,113 -1,743

Services Credit 844 1,006 994 143 260 101

Services Debit -7,497 -7,030 -7,777 -2,152 -2,373 -1,844

INCOME BALANCE -1,610 -1,305 -1,520 -533 -297 -202

Income Credit 114 95 93 34 24 14

Income Debit -1,724 -1,400 -1,613 -567 -321 -216

TRANSFERS BALANCE 516 579 247 10 153 91

Transfers Credit 1,192 1,368 1,153 292 398 206

Transfers Debit -676 -789 -906 -282 -245 -115

CAPITAL AND FINANCAL ACCOUNTS 3,035 1,599 3,970 1,599 1,213 1,392

CAPITAL ACCOUNT BALANCE 101 73 32 7 23 2

Credit 121 93 52 12 28 7

Debit -20 -20 -20 -5 -5 -5

FINANCIAL ACCOUNT BALANCE (d) 2,934 1,526 3,938 1,591 1,189 1,390

Direct Investment 78 -736 -133 7 15 15

Abroad -1 -2 -185 0 0 0

Reporting Economy 79 -734 52 7 15 15

Portfolio Investment -284 1,019 1,430 737 13 -482

Assets -284 1,019 1,430 737 13 -482

Liabilities 0 0 0 0 0 0

Financial Derivatives -21 -79 -35 -8 -5 0

Assets -21 -79 -35 -8 -5 0

Liabilities 0 0 0 0 0 0

Other Investment 3,161 1,322 2,676 855 1,166 1,857

Assets 3,216 1,348 3,320 1,057 -474 69

Liabilities -55 -26 -644 -202 1640 1788

OVERALL BALANCE 1,066 1,096 -850 17 -1,059 229

NET ERRORS AND OMMISSIONS -248 -96 -28 6 15 -27

International Reserve Level 8,170 9,266 8,416 8,416 7,969 7,243

Total Months of Import Cover (e) 11 12 11 11 9 8

Total Non-Mineral Import Cover (f) 14 17 16 16 14 13

(a)

(b)

(c)

(d)

(e)

(f)

(p)

Table 7.1: BALANCE OF PAYMENTS (a) (K' million)

Refer to "For The Record Note", December 2009 QEB for detailed explanations of the changes to the above table.

The export value includes immigrants effects. Merchandise exports since 1994 were not reconciled with National Statistical Office.

Merchandise imports since 1991 have not been reconciled with the National Statistical Office.

Increase in assets are shown with a negative sign. Increases in liabilities are shown as a positive number.

The import cover includes the mining and petroleum sector imports, of which most expenses are incurred from offshore accounts and are not included in our

measure of International Reserve level.

Excludes imports by the mining and petroleum sectors and is therefore the relevant measure of import cover for PNG.

Preliminary.

page 23 of 25

US dollar 0.4130 0.4130 0.4130 0.4755 0.0 - 13.1

Australian dollar 0.4639 0.4604 0.4627 0.4494 0.3 3.2

Japanese yen 43.36 43.05 42.85 42.35 1.2 2.4

Euro 0.3033 0.3026 0.3004 0.3586 1.0 - 15.4

Swiss franc 0.3743 0.3718 0.3676 0.4354 1.8 - 14.0

UK pound 0.2506 0.2514 0.2527 0.2945 - 0.8 - 14.9

NZ dollar 0.5010 0.5012 0.5025 0.5645 - 0.3 - 11.2

Previous Year

Sep-13 (p) Jun-13 Sep-12

Year Quarter

(a)

(p)

Sep-13 (p) Jun-13 Sep-12

(a)

(p)

Table 7.4: EXPORT VOLUME INDEX (1994 = 100) (a)

See footnote (a), Table 7.3

Preliminary.

89.8

Latest Quarter Previous Quarter Previous Year % Change over

Previous YearPrevious

Quarter

-6.876.5 -20.671.3

Previous Year

Previous

10-Jan-14 3-Jan-14

Table 7.3: EXPORT PRICE INDEX (1994 = 100) (a)

Latest Quarter Previous Quarter

Previous

11-Jan-13Previous

Month13-Dec-13

% Change over

Table 7.2: EXCHANGE RATES (Foreign currency per Kina)

Latest Week ago Month ago Year ago % Change over

845.2841.0892.2 5.6

Refer to "Special Article" March Quarter 2003 (QEB), for an explanation on the methodology to derive the index.

Preliminary.

6.1

page 24 of 25

Total Stock

Treasury Bills Issued (Stock) 4,200.7 4,199.3 4,200.7 4,199.3

New Issues

Retirement 14.4 1.4 1.5 1.4

Inscribed Stock (a) 4,644.1 4,644.1 4,644.1 4,644.1

New Issues 153.7 153.7

3 years and less

above 3 and less than 6 years

above 6 years

Retirement

Bank of Papua New Guinea

Portfolio Transactions

Treasury Bills (Face Value) ... ... ... ...

New Purchases

Sales to Public ... ... ... ...

Retirement

Unsold Stock ... ... ... ...

Inscribed Stock 606.9 674.0 606.9 674.0

New Purchases 67.1 67.1

Sales to Public

Retirement

Total BPNG Stock 674.0 674.0 674.0 674.0

(a)

(a)

(b)

(p) Preliminary.

10-Jan-14

170.6173.7

Jan-14

Table 8.2: PRIVATE SECTOR EMPLOYMENT INDEX (a) (b) (MARCH 2002 = 100)

27-Dec-13(to date)

Total private sector employment index excludes the mineral sector.

-1.1

Previous

Year

168.7

Latest

Quarter

Jun-13

In September 2005, the Bank revised the Employment Index from 2002 onwards to improve the quality of the data (see September

QEB 2005 "For the Record").

-2.9

% Change OverPrevious

Quarter

Previous

Quarter

Previous

YearSep-13 (p) Sep-12

Table 8.1: GOVERNMENT SECURITIES TRANSACTIONS

Fortnight Ending

Dec-13

Includes remaining outstanding Private Treaty Loans (PTL).

Month

page 25 of 25

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