BANK OF PAPUA NEW GUINEA...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

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

STATISTICS UPDATE

VVOOLL.. 88 NNOO.. 33

BBAANNKK OOFF PPAAPPUUAA NNEEWW GGUUIINNEEAA

Fortnight Ending 08 February 2013 In the Statistics Update, the following new information is released: - The average level of total deposits over the fortnight ending 8 February 2013 was 7.2 percent higher

than in the corresponding period last year. During the same period, the average level of total loans outstanding was 15.3 percent higher than in the same period last year (Table 3.1).

- The level of total deposits increased by K427.4 million to K17,326.1 million over the fortnight under review.

Cheque deposits increased by K272.3 million, passbook and other demand deposits by K26.3 million, term deposits by K86.8 million and foreign currency deposits by K42.0 million. The level of total deposits as at 08 February 2013 was 5.0 percent higher than in the corresponding week last year (Table 3.2).

- The level of total loans decreased by K4.5 million to K8,029.9 million over the fortnight under review.

Kina lending decreased by K16.9 million, while foreign currency lending increased by K12.4 million. The level of total lending as at 8 February 2013 was 15.2 percent higher than in the corresponding week last year (Table 3.2).

- Total liquid assets increased by K43.2 million to K8,601.8 million over the fortnight mainly due to net

Government expenditure (Table 3.2). This level represents a liquid asset ratio of 49.6 percent (Table 3.4).

- Monetary aggregates and surveys data up to January 2013 (Tables 1.1 – 1.3 & 1.6.1). - Bank of PNG balance sheet up to January 2013 (Table 2.1). - Official interest rates up to 8 February 2013 (Table 2.2). - Commercial banks balance sheet for January 2013 (Table 3.3). - Commercial banks interest rates up to January 2013 (Table 3.6). - Other Financial Institutions balance sheet up to December quarter 2012 (Tables 6.1 - 6.4). - Balance of payments data up to December quarter 2012 (Table 7.1). - Exchange rate data up to 8 February 2013 (Table 7.2). - Government securities transactions data up to 8 February 2013 (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]

1.0 Monetary Aggregates & Surveys1.1 Central Bank Survey (CBS) 31.2 Other Depository Corporations Survey (ODCS) 4

1.3 Depository Corporations Survey (DCS) 51.4 Other Financial Corporations Survey (OFCS) 61.5 Financial Corporation Survey (FCS) 71.6 Monetary and Credit Aggregate Movements

1.6.1 Movements in Monetary Aggregates 81.6.2 Movements in Credit Aggregates 8

2.0 Bank of Papua New Guinea2.1 Balance Sheet 92.2 Interest Rates 10

3.0 Commercial Banks3.1 Principal Assets and Liabilities: Weekly Averages 113.2 Principal Assets and Liabilities: Week Ending Balances 113.3 Balance Sheet 123.4 Liquid Assets 133.5 Lending Commitments 143.6 Interest Rates 14

4.0 Finance Companies and Merchant Banks4.1 Finance Companies: Balance Sheet 154.2 Finance Companies: Interest Rates 154.3 Merchant Banks: Balance Sheet 164.4 Merchant Banks: Interest Rates 16

5.0 Savings and Loan Societies5.1 Balance Sheet 17

6.0 Other Financial Institutions6.1 Superannuation Funds: Balance Sheet 186.2 Life Insurance Companies: Balance Sheet 196.3 Investment Managers: Balance Sheet 206.4 National Development Bank: Balance Sheet 21

7.0 External Sector7.1 Balance of Payments 227.2 Exchange Rates 237.3 Export Price Index 237.4 Export Volume Index 23

8.0 Other8.1 Government Securities Transactions 248.2 Private Sector Employment Index 24

TABLE OF CONTENTS

page 2 of 24

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

Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13

Net Foreign Assets 7,835.2 7,990.2 7,992.7 8,085.8 8,002.9 7,868.1

Claims on Nonresidents 8,241.1 8,399.9 8,403.4 8,497.6 8,416.2 8,283.6

Liabilities to Nonresidents 405.9 409.7 410.7 411.8 413.3 415.5

Claims on Other Depository Corporations (ODCs) 8.2 7. 9 6.8 23.2 21.9 4.6

Net Claims on Central Government -830.8 -849.6 -910.5 -886.8 -486.7 -654.7

Claims on Central Government 496.0 474.5 626.2 486.6 498.6 707.7

Securities 467.2 467.6 486.8 471.6 496.5 700.5

Loans 28.6 6.2 138.2 13.4 0.0 7.2

Others 0.2 0.7 1.2 1.6 2.1 ...

Liabilities to Central Government (a) 1,326.8 1,324.1 1,536.7 1,373.4 985.3 1,362.4

Claims on Other Sectors 17.2 22.3 20.7 24.6 26.8 26.3

Claims on Other Financial Corporations 0.5 0.4 0.2 0.2 ... 0.6

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

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

Claims on Private Sector 16.7 21.9 20.5 24.4 26.8 25.7

Monetary Base 3,461.1 3,530.8 3,610.4 3,770.6 3,833.6 3,500.8

Currency in Circulation 1,591.5 1,580.9 1,554.8 1,560.4 1,679.3 1,592.9

Liabilities to ODCs (b) 1,866.9 1,947.2 2,052.9 2,207.5 2,141.6 1,905.2

Liabilities to Other Sectors 2.7 2.7 2.7 2.7 12.7 2.7

Other Liabilities to ODCs 5,154.4 5,130.3 5,018.2 4,937.1 5,153.4 5,146.4

Deposits and Securities Other than Shares Excluded from Monetary Base

7.1 7.0 6.0 6.2 6.7 5.7

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

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

Shares and Other Equity (c) -1,028.2 -945.7 -979.9 -9 07.5 -893.5 -865.7

Other Items (Net) -564.6 -551.6 -545.0 -559.6 -535.3 -542.9

(a) The increase in January 2013 reflects high mineral tax revenue, while the decline in December 2012 was mainly due to drawdown of Government deposits.

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

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

page 3 of 24

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


Net Foreign Assets 961.5 1,025.6 922.7 1,115.8 1,470.5 1,169.6Claims on Nonresidents 1,331.4 1,282.9 1,112.0 1,293.5 1,666.3 1,368.0Liabilities to Nonresidents 369.9 257.3 189.3 177.7 195.8 198.4

Claims on Bank of Papua New Guinea 7,570.3 7,626.0 7,6 47.0 7,685.0 7,933.5 7,390.2Currency 409.6 394.5 386.6 378.0 465.3 434.7Reserve Deposits and Securities Other than Shares (a) 1,867.2 1,947.5 2,053.2 2,207.7 2,142.0 1,906.0Other Claims on Central Bank (b) 5,293.5 5,284.0 5,207.2 5,099.3 5,326.2 5,049.5

Net Claims on Central Government 949.7 1,148.3 1,02 2.3 832.0 783.7 1,016.9Claims on Central Government 4,096.6 4,094.3 3,966.6 3,780.9 3,565.0 3,990.9

Securities 4,091.7 4,089.9 3,962.7 3,776.5 3,562.1 3,989.6Loans 3.7 3.2 2.7 3.2 1.7 0.1Others 1.2 1.2 1.2 1.2 1.2 1.2

Liabilities to Central Government 3,146.9 2,946.0 2,944.3 2,948.9 2,781.3 2,974.0

Claims on Other Sectors 8,447.8 8,578.5 8,673.8 8, 806.3 8,798.5 9,033.3Claims on Other Financial Corporations 45.0 35.9 33.9 35.9 33.1 76.0Claims on Provincial and Local Governments 0.1 0.1 0.1 0.1 0.1 0.1Claims on Public Nonfinancial Corporations 456.6 352.5 348.4 374.2 366.0 384.9Claims on Private Sector 7,946.1 8,190.0 8,291.4 8,396.1 8,399.3 8,572.3

Liabilities to Bank of Papua New Guinea 26.9 5.1 5.1 5. 1 5.1 5.1

Transferable Deposits Included in Broad Money 9,231 .0 9,200.6 9,314.6 9,333.0 9,916.0 9,205.0

Other Deposits Included in Broad Money 5,613.5 5,62 1.6 5,628.9 5,652.9 5,755.6 5,913.5

Securities Other than Shares Included in Broad Mone y 63.5 64.1 64.7 61.9 62.4 62.7

Deposits Excluded from Broad Money 6.5 6.4 7. 4 8.3 8.3 5.4

Securities Other than Shares Excluded from Broad Money

5.2 5.2 5.3 5.0 5.1 5.1

Loans 11.7 11.0 11.0 11.0 11.0 10.3


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

Shares and Other Equity 4,089.0 4,175.0 4,171.2 4,269.0 4,222.6 4,315.3

Other Items (Net) -1,118.0 -710.6 -942.4 -907.1 -999.9 -912.4

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

(b) Includes Central Bank Bills (CBB).

page 4 of 24

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


NET FOREIGN ASSETS 8,796.7 9,015.8 8,915.4 9,201.6 9,473.4 9,037.8



DOMESTIC CLAIMS 8,583.9 8,899.5 8,806.3 8,776.0 9,122.3 9,421.8

Net Claims on Central Government 119.0 298.7 111.7 -5 4.9 296.9 362.2

Claims on Central Government 4,592.7 4,568.8 4,592.7 4,267.4 4,063.6 4,698.6

Liabilities to Central Government (b) 4,473.7 4,270.1 4,481.0 4,322.3 3,766.7 4,336.4

Claims on Other Sectors 8,464.9 8,600.8 8,694.6 8,830. 9 8,825.4 9,059.6

Claims on Other Financial Corporations

45.5 36.3 34.2 36.1 33.2 76.6

Claims on Provincial and Local Governments

0.1 0.1 0.1 0.1 0.1 0.1

Claims on Public Nonfinancial Corporations

456.6 352.5 348.4 374.2 366.0 384.9

Claims on Private Sector 7,962.7 8,211.9 8,311.9 8,420.5 8,426.1 8,598.0

BROAD MONEY (M3*) 16,099.7 16,082.2 16,185.0 16,238.9 16,967.2 16,347.7

Narrow Money (M1*) 10,416.9 10,390.8 10,486.1 10,518.8 11,143.9 10,366.8

Currency Outside Depository Corporations

1,181.9 1,186.3 1,168.2 1,182.4 1,214.0 1,158.2

Transferable Deposits 9,235.0 9,204.5 9,317.9 9,336.4 9,929.9 9,208.5

Other Deposits 5,619.3 5,627.3 5,634.2 5,658.2 5,760.9 5,918.3

Securities Other than Shares 63.5 64.1 64.7 61.9 62.4 62.7

DEPOSITS EXCLUDED FROM BROAD MONEY

6.5 6.5 7.4 8.3 8.3 5.5

SECURITIES OTHER THAN SHARES EXCLUDED FROM BROAD MONEY

5.3 5.3 5.4 5.1 5.2 5.2

LOANS 11.7 11.0 11.0 11.0 11.0 10.3

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

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

SHARES AND OTHER EQUITY 3,060.9 3,229.3 3,191.3 3,361.6 3,329.1 3,449.6

OTHER ITEMS (NET) (c) -1,803.5 -1,419.0 -1,678.4 -1,647.3 -1,725.1 -1,358.7

(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 foot note (a) 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).

page 5 of 24

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

Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12

Net Foreign Assets 642.4 810.0 903.1 811.6 934.9 898.2

Claims on Nonresidents (b) 647.0 819.7 906.1 814.6 938.2 908.9


Claims on Depository Corporations 2,174.2 1,984.9 2,19 5.8 2,298.2 2,089.6 2,145.3

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

Claims on Bank of PNG 1.0 0.9 1.2 1.2 ... ...

Claims on Other Depository Corporations 2,173.2 1,984.0 2,194.6 2,297.0 2,089.5 2,145.3

Deposits 962.1 721.5 767.6 860.2 648.3 766.6

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

Shares 1,211.1 1,262.5 1,427.0 1,436.8 1,441.2 1,378.6

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

Net Claims on Central Government 950.5 1,236.3 1,299. 6 1,303.2 1,591.5 1,630.8

Claims on Central Government 998.5 1,268.1 1,356.2 1,355.6 1,647.9 1,710.8

Securities 779.1 1,012.2 1,140.6 1,142.6 1,350.5 1,418.8

Loans 0.7 1.2 0.7 0.7 0.8 0.8

Others 218.7 254.7 214.9 212.3 296.6 291.2

Liabilities to Central Government 48.0 31.8 56.6 52.4 56.4 80.0

Claims on Other Sectors 1,342.9 1,378.0 1,483.6 1,500.0 1,500.5 1,664.1

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

Claims on Public Nonfinancial Corporations 50.6 46.1 52.1 58.8 60.9 61.6


Deposits Excluded from Broad Money 14.4 8.2 7.9 8.1 9.2 1 0.2

Securities Other than Shares Excluded from Broad Money

... ... ... ... ... ...

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


Insurance Technical Reserves (d) 5,977.4 6,072.1 6,251 .8 6,075.6 6,182.1 6,310.9

Shares and Other Equity 514.3 807.3 1,010.4 1,303.9 1,4 29.5 1,641.1

Other Items (Net) -1,397.1 -1,478.4 -1,388.0 -1,474.6 -1,504.3 -1,623.8

(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 24

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


NET FOREIGN ASSETS 10,062.7 10,927.5 10,309.3 10,209.1 9,666.7 10,371.6



DOMESTIC CLAIMS 9,496.0 9,215.8 10,543.3 11,445.5 12,239.1 12,384.0

Net Claims on Central Government 573.5 159.7 1,125.0 1,816.9 1,890.1 1,927.7

Claims on Central Government 4,482.9 5,016.9 5,604.9 5,828.4 6,216.6 5,774.4

Liabilities to Central Government 3,909.4 4,857.3 4,479.8 4,011.5 4,326.5 3,846.7

Claims on Other Sectors 8,922.5 9,056.1 9,418.3 9,628.6 10,349.0 10,456.3

Claims on Provincial and Local Governments 0.3 0.3 0.1 0.1 0.1 0.1

Claims on Public Nonfinancial Corporations 207.8 201.7 191.8 239.3 697.5 427.6


CURRENCY OUTSIDE FINANCIAL CORPORATIONS

1,074.2 1,188.3 1,085.3 1,277.9 1,186.3 1,214.0

DEPOSITS 12,013.5 12,711.7 13,034.0 13,477.9 13,422.2 14,058.2

SECURITIES OTHER THAN SHARES 63.5 62.0 64.1 62.4 64.1 62.5

LOANS 12.0 12.0 9.3 6.7 6.0 6.3

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

INSURANCE TECHNICAL RESERVES 5,947.4 6,072.1 6,251.7 6, 075.6 6,182.1 6,310.9

SHARES AND OTHER EQUITY 3,691.7 3,407.5 3,498.9 4,164.4 4,658.8 4,970.2

OTHER ITEMS (NET) (b) -3,243.7 -3,310.4 -3,090.8 -3,410.3 -3,613.7 -3,866.5

(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 24

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


1.0 NET FOREIGN ASSETS -421.2 219.1 -100.4 286.2 271.8 -435.6

1.1 Claims on Nonresidents -473.5 110.3 -167.4 275.7 291.4 -430.8

1.2 Liabilities to Nonresidents -52.3 -108.8 -67.0 -10.5 19.6 4.8

2.0 DOMESTIC CLAIMS -34.1 315.6 -93.2 -30.3 346.3 299.5

2.1 Net Claims on Central Government -277.9 179.7 -187.0 -166.6 351.8 65.3

2.1.1 Claims on Central Government 169.7 -23.9 23.9 -325.3 -203.8 635.0

2.1.2 Liabilities to Central Government 447.6 -203.6 210.9 -158.7 -555.6 569.7

2.2 Claims on Other Sectors 243.8 135.9 93.8 136.3 -5.5 234.2

2.2.1 Claims on Other Financial Corporations -1.3 -9.2 -2.1 1.9 -2.9 43.4

2.2.2 Claims on Provincial and Local Governments - 0.1 ... ... ... ... ...

2.2.3 Claims on Public Nonfinancial Corporations 266.6 -104.1 -4.1 25.8 -8.2 18.9

2.2.4 Claims on Private Sector -21.4 249.2 100.0 108.6 5.6 171.9

3.0 DEPOSITS EXCLUDED FROM BROAD MONEY 0.1 ... 0. 9 0.9 ... - 2.8

4.0SECURITIES OTHER THAN SHARES EXCLUDED FROM BROAD MONEY

0.1 ... 0.1 - 0.3 0.1 ...

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

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

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

8.0 SHARES & OTHER EQUITY 121.4 168.4 -38.0 170.3 -32.5 120.5

9.0 OTHER ITEMS (NET) -254.1 384.3 -259.4 31.1 -77.8 366.3

10.0 BROAD MONEY (M3*) (1.0+2.0-3.0-4.0-5.0-6.0-7.0-8.0-9.0) -322.8 -17.5 102.8 53.9 728.3 -619.5

1.0 BROAD MONEY (M3*) (1.1+1.2+1.3) -322.8 -17.5 102.8 53.8 728.3 -619.5

1.1 Narrow Money, M1* (1.1.1+1.1.2) -353.1 -26.1 95.3 32.7 625.1 -777.2

1.1.1 Curreny Outside Depository Corporations -39.2 4.4 -18.1 14.2 31.6 -55.8

1.1.2 Transferable Deposits -313.9 -30.5 113.4 18.5 593.5 -721.4

1.2 Other Deposits 29.8 8.0 6.9 23.9 102.7 157.4

1.3 Securities Other than Shares 0.5 0.6 0.6 - 2.8 0.5 0.3

ANNUAL GROWTH RATES (%)

M1* 21.4 21.9 18.7 17.0 15.8 7.9

M3* 9.5 10.0 8.0 7.3 10.9 5.3

Domestic Claims (Excl. Claims on Central Government) 11.5 12.5 13.5 14.5 14.2 -5.0

(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' mi llion) (b)

Dec-11 Mar-12 Jun-12 Sep-12 Dec-12

1.1 Claims on Central Government 534.0 588.0 223.5 388.2 -442.2

1.2 Claims on Provincial and Local Government ... -0.2 ... ... ...

1.3 Claims on Nonfinancial Corporation -6.1 -9.9 47.5 458.2 -269.9

1.4 Claims on Private Sector 139.7 372.3 162.8 262.3 377.1

QUARTERLY GROWTH RATES (%)

1.5 Claims on Central Government 11.9 11.7 4.0 6.7 - 7.1

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

1.7 Claims on Nonfinancial Corporation - 2.9 - 4.9 24.8 191.5 - 38.7

1.8 Claims on Private Sector 1.6 4.2 1.8 2.8 3.9

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

MONEY SUPPLY DETERMINANTS

Page 8 of 24

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


TOTAL LIABILITIES 8,950.4 9,093.0 9,245.2 9,218.7 9,150. 5 9,227.0Currency in Circulation 1,591.5 1,580.9 1,554.8 1,560.4 1,679.3 1,592.9Deposits 3,203.7 3,281.2 3,598.4 3,589.9 3,146.5 3,276.1

Central Government (a) 1,326.8 1,324.1 1,536.7 1,373.4 985.3 1,362.4Other Depository Corporations (b) 1,867.1 1,947.4 2,053.1 2,207.7 2,141.9 1,905.4Other Sectors 9.8 9.7 8.6 8.8 19.3 8.3

Securities Other than shares 5,152.4 5,128.5 5,016.4 4,922.2 5,149.4 5,143.4Other Depository Corporations 5,152.3 5,128.4 5,016.3 4,922.1 5,149.3 5,143.3Other Resident Sectors 0.1 0.1 0.1 0.1 0.1 0.1

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

Other Depository Corporations ... ... ... ... ... ...Financial Derivatives ... ... ... ... ... ...Foreign Liabilities 405.8 409.8 410.7 411.8 413.3 415.5

Other Foreign Liabilities 6.4 6.1 6.1 6.1 6.1 6.1SDR Allocations (c) 399.4 403.7 404.6 405.7 407.2 409.4

Other Liabilities 53.7 65.9 78.9 77.1 93.6 104.1Other Depository Corporations 1.8 1.7 1.6 14.7 3.8 3.0Others 51.9 64.2 77.3 62.4 89.8 101.1

Shares & Other Equity -1,456.7 -1,373.3 -1,414.0 -1,342.7 -1,331.6 -1,305.0Capital and Reserves (d) -1,456.7 -1,373.3 -1,414.0 -1,342.7 -1,331.6 -1,305.0

TOTAL ASSETS 8,950.4 9,093.0 9,245.2 9,218.7 9,150.5 9,2 27.0Foreign Assets 8,242.0 8,401.1 8,404.2 8,498.5 8,417.0 8,284.2

Monetary Gold (e) 146.7 156.3 152.2 152.5 149.3 148.7SDR Holdings (c) 32.9 33.2 33.3 33.4 33.5 33.4Foreign Exchange 8,062.4 8,211.6 8,218.7 8,312.6 8,234.2 8,102.1

Claims on Central Government 496.0 474.5 626.2 486.6 498.6 707.7Securities Other than Shares 467.2 467.6 486.8 471.6 496.5 700.5

Treasury Bills (f) ... ... ... ... ... ...

Inscribed Stocks 467.2 467.6 486.8 471.6 496.5 700.5

Advances (g) 28.8 6.9 139.4 15.0 2.1 7.2Claims on ODCs 8.2 8.2 6.8 23.2 21.9 4.6Claims on Other Sectors 16.7 21.9 20.5 24.4 26.8 25.7

Other Financial Corporations ... ... ... ... ... ...Provincial and Local Governments ... ... ... ... ... ...Public Nonfinancial Corporations ... ... ... ... ... ...Private Sector 16.7 21.9 20.5 24.4 26.8 25.7

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

Insurance Technical Reserves 0.5 0.4 0.4 0.2 ... 0.6

Financial Derivatives ... ... ... ... ... ...Other Assets 0.5 0.2 0.2 0.2 1.3 19.9Nonfinancial Assets 186.5 186.7 186.9 185.6 184.9 184.3

Fixed Assets 143.3 144.1 145.5 147.5 147.1 147.1Other Nonfinancial Assets 43.2 42.6 41.4 38.1 37.8 37.2

(a) Refer to footnote (a) in Table 1.1.(b) The increases in September, October and November 2012 were mainly due to placements, while the decline in January 2013

reflected withdrawals in transferable deposits of commercial banks.

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

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

(f) From January 2002, Treasury bills were revised and reported at discount values.

(g) The increases in August and October 2012 reflected borrowing by the Government under the temorary advance facility, while the

declines reflected repayments.

page 9 of 24

Treasury Bills (a) Central Bank Bills (b)

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

Jun 4.28 4.73 2.85 3.16 3.66 4.42 7.25 8.25 6.25Jul 4.23 4.35 2.74 2.97 3.46 4.16 7.50 8.50 6.50Aug ... ... 2.76 3.01 3.38 4.28 7.50 8.50 6.50Sep ... ... 2.65 3.01 3.33 4.24 7.75 8.75 6.75Oct 4.08 4.34 2.69 3.15 3.45 4.14 7.75 8.75 6.75Nov 4.02 4.32 2.72 3.15 3.47 ... 7.75 8.75 6.75Dec 3.87 4.18 2.69 3.09 3.31 3.85 7.75 8.75 6.75

2012 - Month ended Jan 3.72 4.15 2.61 3.01 3.19 3.75 7.75 8.75 6.75Feb ... ... 2.51 2.91 2.93 3.43 7.75 8.75 6.75Mar 2.90 3.11 2.40 2.79 2.80 3.10 7.75 8.75 6.75Apr 2.84 2.99 2.29 2.72 2.70 3.09 7.75 8.75 6.75May 2.55 2.83 1.95 2.39 2.36 2.61 7.75 8.75 6.75Jun ... 3.05 2.04 2.40 2.49 2.62 7.75 8.75 6.75Jul ... ... 2.01 2.35 2.56 2.61 7.75 8.75 6.75Aug 2.85 3.32 2.02 2.41 2.57 2.64 7.75 8.75 6.75Sep 2.75 3.28 2.02 2.41 2.56 2.70 6.75 7.75 5.75Oct 2.05 2.99 2.00 2.36 2.50 2.61 6.75 7.75 5.75Nov ... 2.79 2.00 2.25 2.38 2.48 6.75 7.75 5.75Dec ... 2.55 1.98 2.11 2.22 2.32 6.75 7.75 5.75Jan 2.14 2.47 1.97 2.06 2.14 - 6.75 7.75 5.75

2013 - Week ended 18 -Jan 1.92 2.21 1.98 2.08 2.17 - 6.75 7.75 5.75 25 -Jan 2.14 2.47 1.97 2.06 2.14 - 6.75 7.75 5.75 1 -Feb 2.23 2.52 1.95 2.04 2.12 - 6.75 7.75 5.75 8 -Feb 2.27 2.56 1.93 2.02 2.10 - 6.75 7.75 5.75

(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 . (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).

2011- Month ended

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

Kina Facility Rate (c)

Repo (d)

Reverse Repo (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.

page 10 of 24

Year ago Growth Rate (%) (b)

8-Feb-13 1-Feb-13 25-Jan-13 10-Feb-12 25-Jan-13 8-Feb-13

LIABILITIESTransferable Deposits 12,423.0 12,406.6 12,419.7 11,021.9 13.0 12.7

Cheque Account Deposits 11,263.1 11,247.6 11,252.7 10,010.4 12.7 12.5Passbook & Other Demand Deposits 1,159.9 1,159.0 1,167.0 1,011.5 16.1 14.7

Other Deposits 4,791.4 4,793.9 4,800.3 5,040.8 - 3.7 - 4.9Term Deposits 3,685.6 3,678.6 3,674.3 3,862.5 - 4.1 - 4.6Foreign Currency Deposits 1,105.8 1,115.3 1,126.0 1,178.3 - 2.2 - 6.2

Total Deposits 17,214.4 17,200.5 17,220.0 16,062.7 7.8 7 .2ASSETS

Total Lending 7,957.9 7,949.0 7,937.1 6,903.2 15.2 15.3Kina Lending 7,362.0 7,355.6 7,343.9 6,540.0 12.4 12.6Foreign Currency Lending denominated in kina (c) 595.9 593.4 593.2 363.2 64.6 64.1

Liquid Assets 8,594.6 8,593.7 8,600.2 8,780.5 - 1.2 - 2.1

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

Year ago

8-Feb-13 1-Feb-13 25-Jan-13 10-Feb-12

LIABILITIESTransferable deposits 12,554.7 12,314.3 12,256.1 11,083.7 298.6 13.3

Cheque Account Deposits 11,386.9 11,211.8 11,114.6 10,053.6 272.3 13.3Passbook & Other Demand Deposits 1,167.8 1,102.5 1,141.5 1,030.1 26.3 13.4

Other Deposits 4,771.4 4,749.1 4,642.6 5,410.9 128.8 - 11.8Term Deposits 3,741.7 3,708.4 3,654.9 4,007.1 86.8 - 6.6Foreign Currency Deposits 1,029.7 1,040.7 987.7 1,403.8 42.0 - 26.6

Total Deposits 17,326.1 17,063.4 16,898.7 16,494.6 427.4 5.0ASSETS

Total Lending 8,029.9 8,032.3 8,034.4 6,968.4 -4.5 15.2Kina Lending 7,413.9 7,437.4 7,430.8 6,597.3 -16.9 12.4Foreign Currency Lending denominated in kina (c) 616.0 594.9 603.6 371.1 12.4 66.0

Liquid Assets 8,601.8 8,548.5 8,558.6 9,013.9 43.2 - 4.6

(a)

(b)

period in the previous year.(c)

(d)

(e)

(f)

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)

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.

page 11 of 24

WESTPAC ANZ BSP MAYBANK TOTAL

TOTAL LIABILITIES 4,100.0 6,093.5 11,424.1 512.1 22,129. 7Foreign Liabilities 59.5 1.3 114.3 21.0 196.1Deposits 3,105.6 4,390.3 9,102.9 288.9 16,887.7

Transferable Deposits 1,692.3 2,947.3 4,258.1 177.0 9,074.7Other Deposits 1,395.0 1,316.1 2,178.9 111.9 5,001.9Central Government Deposits 18.3 126.9 2,665.9 ... 2,811.1

Loans ... ... 4.8 ... 4.8Securities Other than Shares ... ... 77.3 ... 77.3Financial Derivatives ... ... ... ... ...Insurance Technical Reserves ... ... ... ... ...Other Liabilities 290.3 558.7 542.3 52.9 1,444.2Shares and Other Equity 644.6 1,143.2 1,582.5 149.3 3,51 9.6

TOTAL ASSETS 4,100.0 6,093.5 11,424.1 512.1 22,129.7Foreign Assets 468.8 432.1 451.3 9.8 1,362.0Currency and Deposits with BPNG 370.3 806.2 1,040.5 120 .2 2,337.2

Currency 57.4 95.6 268.3 10.8 432.1Deposits 312.9 710.6 772.2 109.4 1,905.1

Securities Other than Shares 1,682.9 2,398.5 4,373.7 26 2.0 8,717.1Loans 1,471.4 2,148.6 4,104.5 116.1 7,840.8

Central Government ... ... 0.1 ... 0.1Provincial and Local Governments ... ... ... ... ...Public Nonfinancial Corporations 53.9 67.2 220.5 21.3 362.9Bank of Papua New Guinea ... ... ... ... ...Other Financial Corporations 3.9 12.2 10.8 ... 26.9Other Depository Corporations ... ... 0.2 ... 0.2Private Sector 1,413.6 2,069.2 3,872.9 94.9 7,450.7

Kina 1,362.4 1,881.2 3,655.7 94.9 6,994.2Foreign Currency 51.2 188.0 217.3 ... 456.5

Shares and Other Equity ... ... 19.4 ... 19.4Insurance Technical Reserves ... ... ... 0.3 0.3Financial Derivatives ... ... ... ... ...Other Assets 47.1 193.8 367.9 2.9 611.7Nonfinancial Assets 59.5 114.3 1,066.8 0.8 1,241.4

Note:

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

Table 3.3: COMMERCIAL BANKS' BALANCE SHEET (K' mil lion) (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 January 2013

page 12 of 24

Liquid Assets (K'm)

Liquid Assets

Ratio (a) (%)

Minimum Requirement

Liquidity Ratio (%) (b)

Cash Reserve Requirement

(%) (b)

Free Reserves

Margin (%)

2012 - Week ended Apr - 5 9246.3 56.7 0.0 7.0 56.7Apr - 13 9407.1 57.1 0.0 7.0 57.1Apr - 20 9566.7 56.9 0.0 7.0 56.9Apr - 27 9530.1 57.1 0.0 7.0 57.1May - 4 9663.0 57.7 0.0 7.0 57.7May - 11 9808.3 58.2 0.0 7.0 58.2May - 18 9835.9 58.4 0.0 7.0 58.4May - 25 9918.3 58.6 0.0 7.0 58.6Jun - 1 9626.8 58.0 0.0 7.0 58.0Jun - 8 9247.9 55.3 0.0 8.0 55.3Jun - 15 9345.4 55.4 0.0 8.0 55.4Jun - 22 9242.4 55.2 0.0 8.0 55.2Jun - 29 9318.8 55.3 0.0 8.0 55.3Jul - 6 9204.2 55.0 0.0 8.0 55.0Jul - 13 9204.4 55.2 0.0 8.0 55.2Jul - 20 9001.4 53.6 0.0 8.0 53.6Jul - 27 9013.6 53.2 0.0 8.0 53.2Aug - 3 8885.0 53.0 0.0 8.0 53.0Aug - 10 8868.3 52.4 0.0 8.0 52.4Aug - 17 8714.9 51.5 0.0 8.0 51.5Aug - 24 8981.5 53.0 0.0 8.0 53.0Aug - 31 8802.9 52.0 0.0 8.0 52.0Sep - 7 8895.2 52.2 0.0 8.0 52.2Sep - 14 8807.6 52.2 0.0 8.0 52.2Sep - 21 8891.2 52.8 0.0 8.0 52.8Sep - 28 8903.8 53.5 0.0 8.0 53.5Oct - 5 9033.6 53.2 0.0 8.0 53.2Oct - 12 8912.0 52.7 0.0 8.0 52.7Oct - 19 8750.1 51.8 0.0 8.0 51.8Oct - 26 8621.5 51.2 0.0 8.0 51.2Nov - 2 8560.0 51.5 0.0 8.0 51.5Nov - 9 8427.1 50.8 0.0 8.0 50.8Nov - 16 8538.5 50.8 0.0 8.0 50.8Nov - 23 8508.6 51.1 0.0 8.0 51.1Nov - 30 8586.8 51.2 0.0 8.0 51.2Dec - 7 8572.1 51.1 0.0 8.0 51.1Dec - 14 8717.6 51.0 0.0 8.0 51.0Dec - 21 8731.9 49.9 0.0 8.0 49.9Dec - 28 8574.2 49.6 0.0 8.0 49.6

2013 - Week ended Jan - 4 8637.6 49.6 0.0 8.0 49.6Jan - 11 8505.4 49.3 0.0 8.0 49.3Jan - 18 8475.9 49.7 0.0 8.0 49.7Jan - 25 8558.6 50.6 0.0 8.0 50.6Feb - 1 8548.5 50.1 0.0 8.0 50.1Feb - 8 8601.8 49.6 0.0 8.0 49.6

(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 to 8 percent on 8 June 2012 .

Table 3.4: COMMERCIAL BANK LIQUID ASSETS

page 13 of 24


New and Increased Commitments (K'm) 246.2 250.6 350.0 342.2 355.0 255.0

Cancelled or Reduced Commitments (K'm) -178.1 -315.3 -96.2 -203.7 -187.2 -491.7

Change in Total Outstanding (K'm) 68.1 -64.7 253.8 138.5 167.8 746.7

Total Outstanding (K'm) 7751.5 7686.8 7940.6 8079.1 8246.9 8993.6

Annual percentage Change (%) 13.1 9.5 7.8 5.2 6.4 17.0

Utilisation of Credit Limits (%) 102.6 100.7 100.4 99.4 101.5 102.4


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

Lending 10.67 10.54 10.70 10.64 10.61 1 0.48

Deposits

Cheque 0.08 0.08 0.01 0.07 0.01 0.01

Other demand 0.37 0.36 0.37 0.37 0.37 0.38

Term Deposits

less than 30 days 1.11 1.10 1.00 1.04 0.97 0.99

30 days to 89 days 1.39 1.37 1.36 1.32 1.36 1.31

90 days to 182 days 1.92 2.17 2.08 1.84 1.79 1.59

183 days to 365 days 1.70 1.66 2.36 2.03 1.92 0.67

366 days and over 2.50 2.92 2.09 2.55 3.43 1.89

Total 0.40 0.40 0.36 0.40 0.34 0.33

Indicator Lending Rate (ILR) Spread 11.45 - 12.20 11 .45 - 12.20 11.45 - 12.20 11.20 - 12.20 11.20 - 12.20 11.20 - 12.20

Table 3.5: COMMERCIAL BANKS' LENDING

(a) Weighted averages on total portfolio.

Table 3.6: COMMERCIAL BANKS' INTEREST RATES (a)

page 14 of 24

Jan-12 Dec-12 Jan-13K'm K'm K'm

LIABILITIES 609.5 661.3 671.0 12.0 10.1Foreign liabilities ... ... ... ... ...Deposits 413.3 424.5 423.7 8.1 2.5

Transferable Deposits Included in Broad Money ... ... ... ... ...Other Deposits Included in Broad Money 314.4 345.0 349.4 20.0 11.1Deposits Excluded from Broad money 11.7 6.5 1.1 -1.5 -90.6Central Government Deposits 87.2 73.0 73.2 -25.9 -16.1

Loans 5.0 5.0 5.0 ... ...Securities ... ... ... ... ...

Included in Broad Money ... ... ... ... ...Excluded from Broad Money ... ... ... ... ...

Financial Derivatives ... ... ... ... ...Insurance Technical Reserves ... ... ... ... ...Other Liabilities 40.5 52.1 55.5 14.8 37.0Shares and Other Equity 150.7 179.7 186.8 21.7 24.0

ASSETS 609.5 661.3 671.0 12.0 10.1Foreign Assets ... ... ... ... ...Currency ... ... ... ... ...Deposits with Commercial Banks 24.5 46.2 39.8 1 3.8 62.4Securities Other Than Shares 183.0 96.1 99.5 -35.5 -45.6Loans 380.2 494.1 502.9 29.3 32.3

Central Government ... ... ... ... ...Provincial and Local Governments ... ... ... ... ...Public Nonfinancial Corporations ... ... ... ... ...Other Nonfinancial Corporations 278.3 390.6 397.0 38.7 42.7Other Residents 101.9 103.5 105.9 3.1 3.9

Shares and Other Equity 3.0 3.0 3 .0 50.0 ...Insurance Technical Reserves ... ... ... ... ...Financial Derivatives ... ... ... ... ...Other Assets 13.4 15.9 19.7 37.1 47.0Nonfinancial Assets 5.4 6.0 6.1 11.1 13.0

Sep-12 Oct-12 Nov-12 Dec-12 Jan-13(%) (%) (%) (%) (%)

Lease Finance 36.00 36.00 36.00 36.00 36.00Large 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 6.25 6.25 6.25 6.25 5.50

Table 4.2: FINANCE COMPANIES' INTEREST RATES (M aximum Rates)

Table 4.1: FINANCE COMPANIES' BALANCE SHEET (K' mil liion)

As at last day of the month Annual % Chang e

Dec-12 Jan-13

page 15 of 24

Jan-13 Dec-12 Jan-13K'm K'm K'm

LIABILITIES 422.3 478.8 487.9 13.2 15.5Foreign liabilities ... ... ... ... ...Deposits 231.1 281.2 282.3 23.3 22.2

Transferable Deposits Included in Broad Money ... ... ... ... ...Other Deposits included in Broad Money 223.9 276.3 277.6 24.9 24.0Deposits Excluded from Broad Money 7.2 4.9 4.7 -27.9 -34.7Central Government Deposits ... ... ... ... ...

Loans (a) 10.0 5.3 5.3 -55.8 -47.0Securities ... ... ... ... ...

Included in Broad Money ... ... ... ... ...Excluded from Broad Money ... ... ... ... ...

Financial Derivatives ... ... ... ... ...Insurance Technical Reserves ... ... ... ... ...Other Liabilities 34.6 32.5 34.9 -17.9 0.9Shares and Other Equity 146.6 159.8 165.4 11.6 12.8

ASSETS 422.3 478.8 487.9 13.2 15.5Foreign Assets 4.5 5.2 6.4 160.0 42.2Currency ... ... ... ... ...Deposits with Commercial Banks 27.8 44.2 11.1 73. 3 -60.1Securities Other Than Shares 62.7 72.4 106 .2 -1.8 69.4Loans 263.4 290.0 292.2 12.9 10.9

Central Government ... 0.1 0.1 ... ...Provincial and Local Governments 0.1 0.1 0.1 - 66.7 ...Public Nonfinancial Corporations ... ... ... ... ...Other Nonfinancial Corporations 231.5 252.7 253.2 12.3 9.4Other Residents 31.8 37.2 38.9 18.1 22.3

Shares and Other Equity 25.8 25.8 29.2 ... 13.2Insurance Technical Reserves ... ... ... ... ...Financial Deratives ... ... ... ... ...Other Assets 7.8 10.1 10.9 14.8 39.7Nonfinancial Assets 30.3 31.1 31.9 3.0 5.3

Sep-12 Oct-12 Nov-12 Dec-12 Jan-13

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

Lease Finance 25.00 25.00 25.00 25.00 25.00Large Deposits

- 90 days 1.75 1.75 1.75 1.75 1.75 - 180 days 2.00 2.00 1.85 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' millio n)

As at last day of the month Annual % Chang e

Dec-12 Jan-13

page 16 of 24

Table 5.1: SAVINGS AND LOAN SOCIETIES BALANCE SHEE T (a) (K'million)

Dec-12 Jan-13

LIABILITIES 824.0 824.6 742.2 843.1 - 10.0 13.6

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

Deposits 373.9 375.0 301.7 382.2 - 19.5 26.7

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

Other Deposits Included in Broad Money 373.7 374.8 301.5 382.0 - 19.6 26.7

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

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

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

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

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

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



Other Liabilities 28.3 28.0 25.2 27.6 - 10.0 9.5

Shares and Other Equity 421.8 421.6 415.3 4 33.3 -1.5 4.3

ASSETS 824.0 824.6 742.2 843.1 - 10.0 13.6

Foreign Assets 0.3 0.3 ... ... ... ...

Currency 0.9 1.0 0.1 0.4 - 90.0 300.0

Deposits with Commercial Banks 64.2 68.0 49.4 64.5 -27.4 30.6

Securities Other than Shares 115.0 112.5 77.0 116.3 -31.6 51.0

Loans 200.4 200.0 182.9 213.3 - 8.6 16.6

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

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

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

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

Private (household) 200.4 200.0 182.9 213.3 - 8.6 16.6

Shares and Other equity 317.3 317.3 317.0 3 22.9 - 0.1 1.9

Insurance Technical Reserves 0.1 0.1 ... ... ... .. .


Other Assets 14.7 14.2 11.6 14.5 -18.3 25.0

Nonfinancial Assets 111.1 111.2 104.2 111.2 -6.3 6.7

(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.

Jan-13Dec-12

Monthly % ChangeOct-12 Nov-12

page 17 of 24

Quarterly % Change

Dec-12

LIABILITIES 6,333.8 6,725.6 6,772.2 7,030.3 7,285.4 3.6


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

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


Insurance Technical Reserves (b) 6,015.2 6,199.7 6,022 .7 6,136.0 6,240.1 1.7

Other Liabilities 74.8 135.6 128.8 150.7 168.3 11.7

Shares and Other Equity (c) 243.8 390.3 620.7 743.6 877 .0 17.9

ASSETS 6,333.8 6,725.6 6,772.2 7,030.3 7,285.4 3.6

Foreign Assets (d) 785.4 873.9 783.7 912.8 884.4 -3.1

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

Deposits with Commercial Banks 625.2 662.2 716.2 520.3 6 39.1 22.8

Securities Other than Shares 1,008.0 1,136.4 1,136.5 1, 378.7 1,412.3 2.4

Loans 170.1 129.2 130.1 147.2 161.2 9.5

Shares and Other Equity 2,286.6 2,431.6 2,447.2 2,543.6 2,609.1 2.6



Other Assets 344.2 410.0 412.1 392.1 384.4 -2.0

Nonfinancial Assets 1,114.3 1,082.3 1,146.4 1,135.6 1,1 94.9 5.2

Fixed Assets 571.2 561.5 622.4 561.5 601.4 7.1

Other Nonfinancial Assets (e) 543.1 520.8 524.0 574.1 593.5 3.4

(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 June, September and December 2012 were mainly due to high net profits.

(d)

(e)

Sep-12Jun-12

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

Dec-11 Dec-12Mar-12

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

Claims on nonresident sectors.

page 18 of 24

Quarterly % Change

Dec-12

LIABILITIES 415.8 428.0 406.0 403.6 467.2 15.8



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


Insurance Technical Reserves (b) 56.6 51.9 47.1 45.2 70. 5 56.0

Net Equity of Households in Life Insurance Reserves

45.2 38.9 34.8 33.2 39.2 18.1

Prepaid Premiums & Reserves Against Outstanding Claims

11.4 13.0 12.3 12.0 31.3 160.8

Other Liabilities 86.2 43.3 43.3 36.1 40.5 12.2

Shares and Other Equity 273.0 332.8 315.6 322.3 356.2 10. 5

ASSETS 415.8 428.0 406.0 403.6 467.2 15.8

Foreign Assets (c) 27.6 31.9 22.6 25.1 24.4 -2.8

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

Deposits with Commercial Banks 38.1 39.6 38.1 39.3 40.9 4 .1

Securities Other than Shares 4.2 4.2 4.2 4.3 4.6 7.0

Loans 0.2 0.2 0.2 0.2 0.2 ...

Shares and Other Equity 39.3 45.9 43.1 43.4 45.3 4.4

Insurance Technical Reserves 20.0 13.2 6.8 4.0 7.2 80.0


Other Assets (d) 66.4 73.0 69.6 65.6 86.1 31.3

Nonfinancial Assets 220.0 220.0 221.4 221.7 258.5 16.6

Fixed Assets 200.1 200.2 202.2 203.3 241.4 18.7

Other Nonfinancial Assets (e) 19.9 19.8 19.2 18.4 17.1 -7.1

(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)

(e)

Sep-12Jun-12

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

The reporting frequency is on a quarterly basis.

Claims on nonresident sectors.

The increase in December 2012 was mainly settlement account from Other Financial Corporations.

Dec-12Mar-12Dec-11

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

page 19 of 24

Quarterly % Change

Dec-12

LIABILITIES 46.8 46.3 46.1 47.9 47.8 -0.2



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



Other Liabilities 5.7 5.7 5.4 6 .8 7.3 7.4

Shares and Other Equity 41.1 40.6 40 .7 41.1 40.5 -1.5

ASSETS 46.8 46.3 46.1 47.9 47.8 -0.2

Foreign Assets (b) 6.8 0.3 0.1 0.2 0.1 -50.0

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

Deposits with Commercial Banks 11.5 10.5 12.5 6.5 8.4 29.2

Securities Other than Shares ... ... 1.9 2. 0 2.0 ...

Loans 5.4 5.4 5.5 5.4 5.3 -1.9

Shares and Other Equity 15.3 19.6 19 .7 17.1 15.2 -11.1



Other Assets 7.1 9.9 5.8 16.1 16.2 0.6

Nonfinancial Assets 0.7 0.6 0.6 0.6 0.6 ...

Fixed Assets 0.7 0.6 0.6 0.6 0.6 ...

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

(a)

(b)

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

Investment Managers' claims on nonresident sectors.


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

Dec-11

page 20 of 24

Quarterly % Change

Dec-12

LIABILITIES 263.3 267.1 329.2 345.8 379.0 9.6


Deposits Excluded in Broad Money (b) 8.2 7.9 8.1 9.2 10.2 10.9


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



Other Liabilities 28.3 30.5 31.2 34.7 25.3 -27.1

Shares and Other Equity (c) 226.8 228.7 289. 9 301.9 343.5 13.8

ASSETS 263.3 267.1 329.2 345.8 379.0 9.6

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

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

Deposits with Commercial Banks 21.3 18.9 64.3 54.6 47.4 -13.2

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

Loans 121.9 120.7 133.7 150.4 167.5 11.4

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



Other Assets 31.9 33.1 33.4 35.9 34.1 -5.0

Nonfinancial Assets 88.2 94.4 97.8 104.9 130.0 23.9

Fixed Assets 88.2 94.4 97.8 104.9 130.0 23.9

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

(a)

(b)

(c)

Dec-12Sep-12

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

Mar-12Dec-11


Funds placed with NDB as collateral for loans taken. The decline in December 2011 reflects low value of collateral.

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

Jun-12

page 21 of 24

Year ended 2010

Year ended 2011

Year ended 2012

Quarter of Year

Dec-11

Previous Quarter Sep-12

Latest Quarter

Dec-12 (p)

CURRENT ACCOUNT -1,721 -407 -4,061 -365 -1,230 -844GOODS BALANCE 6,026 6,343 3,589 1,355 686 1,282

Credit (Exports) (b) 15,623 16,396 12,783 3,702 3,021 3,276Debit (Imports) (c) -9,597 -10,053 -9,194 -2,347 -2,335 -1,994

SERVICES BALANCE -6,653 -6,024 -6,565 -1,427 -1,568 -1,792Services Credit 844 1,006 906 184 200 54Services Debit -7,497 -7,030 -7,471 -1,611 -1,768 -1,846

INCOME BALANCE -1,610 -1,305 -1,433 -341 -363 -445Income Credit 114 95 81 18 25 22Income Debit -1,724 -1,400 -1,514 -359 -388 -468

TRANSFERS BALANCE 516 579 348 48 14 111Transfers Credit 1,192 1,368 1,140 264 195 279Transfers Debit -676 -789 -792 -216 -181 -168

CAPITAL AND FINANCAL ACCOUNTS 3,035 1,599 3,265 1145 977 914CAPITAL ACCOUNT BALANCE 101 73 32 10 1 7

Credit 121 93 52 15 6 12Debit -20 -20 -20 -5 -5 -5

FINANCIAL ACCOUNT BALANCE (d) 2,934 1,526 3,232 1135 976 907Direct Investment 78 -736 -133 18 -170 7

Abroad -1 -2 -185 0 -185 7Reporting Economy 79 -734 52 18 15 0

Portfolio Investment -284 1,019 1,578 1217 499 885Assets -284 1,019 1,578 1217 499 885Liabilities 0 0 0 0 0 0

Financial Derivatives -21 -79 -35 -13 -9 -8Assets -21 -79 -35 -13 -9 -8Liabilities 0 0 0 0 0 0

Other Investment 3,161 1,322 1,822 -87 656 22Assets 3,216 1,348 2,533 -101 859 291Liabilities -55 -26 -711 14 -203 -269

OVERALL BALANCE 1,066 1,096 -850 670 -263 17NET ERRORS AND OMMISSIONS -248 -96 -54 -110 -10 -54International Reserve Level 8,170 9,266 8,385 9,266 8,369 8,385Total Months of Import Cover (e) 11 12 11 12 11 11Total Non-Mineral Import Cover (f) 14 17 16 17 15 16

(a)

(b)

(c)

(d)

(e)

(f)

(p)

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.

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.

page 22 of 24

US dollar 0.4730 0.4740 0.4755 0.4780 - 0.5 - 1.0

Australian dollar 0.4594 0.4559 0.4494 0.4463 2.2 2.9

Japanese yen 44.12 43.69 42.35 37.11 4.2 18.9

Euro 0.3530 0.3484 0.3586 0.3605 - 1.6 - 2.1

Swiss franc 0.4339 0.4312 0.4354 0.4364 - 0.3 - 0.6

UK pound 0.3008 0.2987 0.2945 0.3028 2.1 - 0.7

NZ dollar 0.5659 0.5632 0.5645 0.5758 0.2 - 1.7

Previous Year Dec-12 (p) Sep-12 Dec-11

Year Quarter

(a)

(p)

Dec-12 (p) Sep-12 Dec-11

(a)

(p)

903.0845.3904.3 0.1

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

Preliminary.

7.0

Table 7.2: EXCHANGE RATES (Foreign currency per Kina)

Latest Week ago Month ago Year ago % Change over

Previous Year

Previous

8-Feb-13 1-Feb-13

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

Latest Quarter Previous QuarterPrevious

10-Feb-12 Previous Month

11-Jan-13

% Change over

Previous YearPrevious Quarter

-20.497.4 -6.177.5

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

See footnote (a), Table 7.3

Preliminary.

82.5

Latest Quarter Previous Quarter Previous Year % Change over

page 23 of 24

Total StockTreasury Bills Issued (Stock) 3,081.0 3,352.3 3,081.0 3,352.3

New Issues 329.4 271.3 218.0 271.3Retirement

Inscribed Stock (a) 3,446.6 3,446.6 3,446.6 3,446.6New Issues 80.0 80.0

3 years and lessabove 3 and less than 6 yearsabove 6 years

Retirement

Bank of Papua New GuineaPortfolio TransactionsTreasury Bills (Face Value) ... ... ... ...

New PurchasesSales to Public ... ... ... ...RetirementUnsold Stock ... ... ... ...

Inscribed Stock 501.4 521.9 501.4 521.9New Purchases 20.5 20.5Sales to PublicRetirementTotal BPNG Stock 521.9 521.9 521.9 521.9

(a)

(a)

(b)

(p) Preliminary.

Table 8.1: GOVERNMENT SECURITIES TRANSACTIONS

Fortnight Ending

Jan-13

Includes remaining outstanding Private Treaty Loans (PTL).

Month

Total private sector employment index excludes the mineral sector.

6.4

Previous Year

170.7

Latest Quarter

Jun-12

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").

1.4

% Change OverPrevious Quarter

Previous Quarter

Previous Year

Sep-12 (p) Sep-11

8-Feb-13

160.4168.3

Feb-13

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

25-Jan-13(to date)

page 24 of 24

BANK OF PAPUA NEW GUINEA...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

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