Company Interview / PNG is keen on Kina

Operating the second largest bank in PNG, Kina has managed to deliver double-digit returns on equity and capital, with a notably low debt-to-equity ratio of just 5%. Speaking at the TIP Group's small cap conference, CEO Ivan Vidovich was asked how the forecast growth can continue without further acquisitions. Ivan Vidovich says it comes down to operational discipline, and Kina's embrace of technology. With smartphone and data costs dropping, Vidovich sees potential in PNG’s unbanked population, which makes up 80% of the country, and stresses the necessity for patience and strategic planning as banking transitions to a digital model.

Vidovich spoke to ausbiz on the sidelines of the TIP Group Emerging Wealth Winners small caps conference.

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