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Papua New Guinea FY 2017

Acknowledgement

Disclaimer: This publication is available for use in research and analysis. Data and content may only be used for non-commercial purposes. If thematerial is published or distributed, it should be attributed to MIX with the appropriate citation.

MIX has taken due care and caution in preparing this report, it has obtained the information from the institutions. Thus MIX relies on the informationsubmitted and does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors in transmission.

This report is the proprietary and/or confidential information of MIX, and all rights are reserved by MIX. Any dissemination, distribution or copying of this report without MIX’s prior written permission is strictly prohibited.

MIX would like to thank the Centre for Excellence in Financial Inclusion (CEFI) for supporting the data collection from financialservice providers in Papua New Guinea (PNG). CEFI assisted in collecting annual data from the financial service providers (FSPs)operating in the Financial Inclusion sector. Without their strong support and dedication to building greater transparency in theindustry, MIX would not be able to provide access to this data or analysis. MIX’s collaboration with CEFI not only facilitates datacollection, but also makes it possible to standardize the data and provide analytical tools that present in-depth analysis of thefinancial and operating trends in the industry.

MIX is privileged to take this opportunity to showcase the result of this collaboration in the form of the second Annual BenchmarkReport for the Financial Inclusion sector in PNG. This report presents the financial and operating data of those institutions forwhich CEFI has helped to facilitate the annual data collection for Fiscal Year (FY) 2017.

MIX is also grateful to all the FSPs, broadly recognized as partner financial institutions (PFIs) in the sector that have providedcomprehensive data in a timely manner. Without the strong support and dedication of the institutions, MIX would not be able tocontribute to build transparency in the industry. We are grateful for their continued efforts in this regard.

1

Table of Contents


1. Introduction

2. About MIX

3. Data & Methodology

4. Key Findings

5. Benchmark Indicator Reference

6. Benchmark Indicators a. Institutional Characteristics

Assets Equity Offices Personnel

b. Financing Structure Gross loan portfolio / assets Capital /asset ratio Deposits to assets Loan to deposit

c. Outreach Number of active borrowers Gross Loan Portfolio Average loan balance (ALB) per borrower Number of deposit accounts Deposits Average deposit account balance

d. Financial Performance Return on assets Return on equity Operational self sufficiency

e. Revenue & Expenses Financial revenue / assets Profit Margin Yield on gross portfolio (nominal) Total expenses / assets Financial expense / assets Operating expense / Loan portfolio

f. Productivity & Efficiency Cost per borrower Borrowers per staff member Deposit accounts per staff member Cost per deposit account

g. Risk & Liquidity Portfolio at risk > 30 days Portfolio at risk > 90 days Risk coverage

7. Financial & Operational Information of FSPs

8. Glossary

3

3

4

4

5

6 - 43

44 - 46

47

2

Introduction


About MIX

MIX is the leading global data resource for socially responsible investors and businesses focused on inclusivefinance. MIX’s data platform covers thousands of mission-focused financial service providers in more than 100developing markets. MIX collects, analyzes, and maintains data on financial services providers. That data is sharedboth as a public good for the advancement of the industry and on a fee-paid basis for subscribers interested inmore detailed market intelligence. MIX helps socially responsible investors who move 10 billion USD annually tomonitor their portfolios and increase their investments in underserved sectors and geographies, includingagricultural finance and inclusive fintech. Founded in 2002, MIX has data analysts in every region of the world.Learn more at www.themix.org.

The Annual Benchmark Report is one of the primary benchmarking products created by MIX that offers a uniqueopportunity to analyze the performance of individual financial service providers (FSPs) and peer groups, andto conduct country comparisons. As part of our continued efforts to collect and publish high quality data thatstrengthens the Financial Inclusion sector, builds transparency and further enhances financial inclusion in PapuaNew Guinea, we at MIX have created the “Annual Benchmark Report” for FY 2017.

This report includes key financial and operational indicators that provide a country overview, indicator levelperformance and institutional details. The indicators include a range of performance variables pertaining tooutreach, institutional characteristics, financing structure, financial performance, revenue, expenses, efficiency,productivity, risk and liquidity. The numbers are presented at the aggregate level, peer-group level andindividual FSPs level. The report also compares the FY 2017 performance against the previous fiscal year andprovides the growth or decline rate for each of the indicators.

The publication of global industry benchmarks and customized benchmarking services create comparativeperformance results that the industry and its retail institutions can contextualize FSP performance within relevantpeer groups. These benchmarks allow institutions to view relative trends and drivers in their own performancefrom a comparative perspective.

The benchmarks support the transparency necessary for improved institutional performance and greater access tocapital markets for growth. The first section of each of the following pages captures the overall performance ofthe FSPs in the country. Each following section then explores the relative diversified peer comparison by the legaltypes in the country and scale of the FSP.

3


Data and Methodology

1. The data and analysis in this report are based on self-reported operational and financial numbers for FY 2016 and FY 2017, fora total of 8 FSPs that submit data to MIX.

2. The financial numbers also are verified by the audited financial statements of the FSPs for FY 2016 and FY 2017 and arereclassified based on IFRS Standards.

3. The benchmark values have been presented across all the indicators and peer groups based on the average value in eachcategory.

4. Balanced data: The growth value or the change in the indicator over the year is calculated based on balanced data, meaning forthe FSPs that have reported consistently to MIX for 2016 and 2017 their values have been aggregated to present the percentagechange.

5. Peer grouping information in based on the legal classifications that are relevant to the context of Papua New Guinea FinancialInclusion sector, that are Savings and Loan Society and Micro Bank

6. MIX follows global industry standard definitions and formulae that are used for all analyses in the report. (Refer the glossary forthe details of all the definitions and ratios used in the publication)

7. 25th and 75th Percentile: The smallest observation that is greater than or equal to the specified percentage of observations. Inthis report the 25th and 75th percentiles are displayed, to signify the upper and lower bounds of the middle 50% of FSPs’ valuesfor each indicator.

8. Average and Weighted Average Value (WAV) - Average value is presented as a line in the "benchmark graphs by peers". Simpleaverage is presented when an indicator is an absolute number whereas weighted average is presented when the indicator is aratio.

Understanding Micro Banks and Savings & Loans Societies (S&LS)

The Annual Benchmark Report evaluates institutional benchmarks for FY 2017 with respect to the peer average and countryaverage in the indicator section. The Institutional profile section captures the detailed information for individual institutionperformance. The peer groups across all the indicators are relevant to the context of PNG market. The peer group distributionwidens the scope of comparison of individual institutions and a group of institutions. It differentiates the institution’s positioningand thus helps to draw a comparison across the others. The two major peer groups identified in PNG market are Micro Banks andSavings & Loans Societies (S&LS) which are briefly explained below. Micro BanksThese institutions offer microloans to low income households and small business operators often referred to as the unbankedmarket in PNG. They fall under the category of Banks and Licensed Financial Institutions (LFIs) that are licensed under the Banksand Financial Institutional Act 2000 (BFIA) to conduct “banking business”. The BFIA defines banking business as the “business oftaking money on deposit and using that money to lend to others or to finance any other activity of the business, wholly or to amaterial extent, out of the capital or interest on money received by way of deposit”[1].At the end of the fiscal year 2017, five Micro Banks reported to MIX namely Kada Poroman Microfinance Limited, NationwideMicrobank, People’s Micro Bank, PNG Microfinance Limited and Women’s Micro Bank.

Savings & Loan Societies (S&LS)These institutions specialize in accepting deposits and making mortgage and other loans (like other banks) but with a speciality ofoperating on a principle of mutuality. S&LSs are licensed or authorised under the Savings & Loan Societies Act 1995. A minimumof 500 members or as stated by the Registrar are required to form an S&LS. These members are the owners of the Societieswhere each member has an equal right on the election of the boards of the Societies. They also have a right in the distribution ofthe profits. S&LSs can raise money or loans, subject to approval of the Registrar. The objects of S&LSs are to; (i) receive savingsand make loans to their members, (ii) promote thrift amongst their members, and (iii) educate their members in financialresponsibility[2].As at the end of the fiscal year 2017, three S&LSs reported to MIX namely East New Britain Savings & Loan Society Limited,Nasfund Contributors Savings and Loan Societies Limited and Niu Ailan Savings & Loan Society Limited.

[1] http://www.bankpng.gov.pg/financial-system/superannuation[2] http://www.bankpng.gov.pg/financial-system/superannuation

4


Key Findings

Revenue & Expenses

In terms of revenue generation, yield on gross loan portfolio ratesincreased at an aggregated rate of 2.30% in FY 2017, standing at29.12%. Looking at institutions by peer group, Women’s Micro Bankand Kada Poroman MF witnessed highest growths of 39.56% and18.74% respectively among the micro banks. Among Savings andLoan Society organizations, Niu Ailan SLS and NCSL witnessed amarginal growth of 3.74% & 1.06% respectively while East NewBritain SLS reported a decline of 0.20%. Financial revenue by assetsincreased marginally, by 0.84%, standing at 16.87%. Here, microbanks witnessed an increase of 1.53% while Savings and LoanSociety witnessed a decline of 0.08%. PNG FSPs reported a declineof 1.05% in operating expenses to their loan portfolio as well.

Productivity & Efficiency

Productivity in relation to borrowers increased by 5.04%despite seeing an increase in Personnel. This is because thenumber of borrowers too witnessed a higher increase(15.97%) in relation to personnel growth. FSPs in PNG alsoreported an increase in the cost per borrower at theaggregate level, reaching PGK 1642.84 million. Similarly, thedecrease in number of depositors, at 19.58%, resulted inless productivity in terms of depositors per staff member,dropping from PGK 774.96 million in FY 2016 to PGK 772.08million in FY 2017.

Financing Structure

Gross loan portfolio to assets aggregated at 46.36% in FY2017 which is an increase of 1.99% from the 44.37%aggregate for FY 2016. Both peer groups, i.e., Micro Bank &Savings and Loan Society, experienced an increase of 1.89%& 2.37% respectively. Deposits continue to be the mainsource of funding for PNG FSPs, despite seeing a decline indeposits to loan ratio of 1.31%, standing at 80.71% in FY2017. Capital to Assets reached 15.76% at the end of FY2017. This was a slight increase (2.16%) when comparedwith the previous year, as there was an increase in bothasset and equity during the year.

Outreach

Financial Service Providers (FSPs) in the country reportedan increase of 15.97% in the number of borrowers.Comparing institutions by legal status, Savings and LoanSociety was among the major contributors to this growth(18.99%) as compared to micro banks that reported agrowth of 9.46%. Gross Loan portfolio too grew at a rate of10.14%. The major contributors to growth in gross loanportfolio in Micro Bank peer group were Nationwide MicroBank and People’s Micro Bank that reported growth ratesof 19.2% and 10.1% respectively. With respect to the samein Savings and Loan Society, NCSL was the biggestcontributor with a reported Gross Loan Portfolio of PGK63.54 million (22.3% increase). Meanwhile, FSPs witnessed adecrease of 19.58% in Depositors. However, Deposits grewat a rate of 3.73% in PGK which is comparable with theincrease in the number of Deposit Accounts (10%).Comparing by legal status, Savings and Loans Societyreported a growth of 10.73% in Deposits, while micro banksreported a decline of 2.02%.

Institutional Characteristics

Total Assets in FY 2017 stood at PGK 486.26 million, an increase ofnearly 5.41%. Micro Bank peer group witnessed a growth in assetsby 3.46% during this period, where the major contributor wasPeople’s Micro Bank which reported assets worth PGK 101.13million (18.18% growth). Savings and Loan Society peer groupreported higher growth in assets at 8.07% with NCSL being themajor contributor, reporting a growth of nearly 8.84% with assetsvalued at PGK 157.90 million. In comparison, Total Equity reported alarger growth of 22.16% as compared to Total Assets. Micro Bankpeer group was the major contributor to this growth (evaluated at30.61%), while Savings and Loan Society reported a marginal growthof 2.62% in equity. FSPs reported a decrease in the number ofoffices by 3.23%, while Personnel increased by 10.41%.

Financial Performance

Profitability of the reporting FSPs saw a marginal increase in FY 2017to ROA of 0.08%. Return on equity increased from a negative of1.43% in FY 2016 to 4.41% in FY 2017—an increase of 5.83%. MicroBank peer group witnessed an increase of 12.35% on return onequity, standing at 0.79%. Savings and Loan Society peer groupcontinued to witness decline with return on equity dipping by 7.3 %.Financial revenue from assets increased to 16.87% at an aggregatedlevel while financial expense by assets increased to 2% in FY 2017.Regarding operational self-sufficiency, the country’s aggregate stoodat 114.04% in FY 2017—an increase of 42.45%. Micro Bank peergroup was the major contributor to this hike with an increase of59.04%.

Risk & Liquidity

Portfolio quality of the reporting FSPs improved at the end of FY 2017, measured by Portfolio at risk > 30 days, which reached17.38%—a decline of 1.79% from previous year. The decline was mainly driven by Savings and Loan Society, whose risk onportfolio stood at 27.63% in FY 2017 as compared to 33.07% in FY 2016—a decline of 5.44%. The risk on portfolio of micro bankssaw a marginal increase of 0.27%, standing at 11.09%. On the other hand, PAR > 90 days too saw a marginal decline of 0.06%,standing at 12.69%. Once again, the decline can be credited to Savings and Loan Society whose risk-on-loan portfolio witnessed adecline of 0.98%. Risk coverage increased by 12.12% in FY 2017 compared to FY 2016 and reached 49.39%.

5

Benchmark Indicator Reference


FY 2016

Micro BankSavingsand LoanSociety

Total

FY 2017

Micro BankSavingsand LoanSociety

Total

Number of FSPs

ALB per borrower (PGK) (WAV)

Assets (PGK) m

Average deposit account balance (PGK) (WAV)

Borrowers per staff member (WAV)

Capital/assets (WAV)

Cost per borrower (PGK) (WAV)

Cost per deposit accounts (PGK) (WAV)

Deposit accounts per staff member (WAV)

Deposits (PGK) m

Deposits to total assets (WAV)

Equity (PGK) m

Financial expense/assets (WAV)

Financial revenue / assets (WAV)

Gross Loan Portfolio (PGK) m

Gross loan portfolio to Assets (WAV)

Loan to deposit (WAV)

Number of active borrowers '000

Number of deposit accounts '000

Number of depositors '000

Offices

Operating expense / loan portfolio (WAV)

Operational self sufficiency (WAV)

Personnel

Portfolio at risk > 30 days (WAV)


Profit margin (WAV)

Return on assets (WAV)

Return on equity (WAV)

Risk coverage (WAV)

Total expense / assets (WAV)

Yield on gross loan portfolio (WAV) 25.95%

15.83%

26.63%

-1.41%

-0.20%

-0.59%

14.74%

20.92%

670

99.42%

29.1%

65

500.59

509.74

36.85

54.97%

44.84%

213.23

15.74%

1.05%

64.83

81.58%

387.92

760.81

114.63

1,496.64

13.63%

55.00

761.01

475.49

5,786.88

10

14.00%

9.47%

13.02%

18.98%

2.01%

17.51%

27.34%

39.42%

174

121.24%

16.7%

30

135.70

144.42

25.83

46.45%

39.92%

83.63

11.48%

1.26%

21.04

85.94%

180.05

830.02

93.60

526.98

10.04%

148.42

1,246.69

209.52

3,238.51

5

34.05%

21.03%

63.90%

-11.55%

-2.01%

-9.42%

6.60%

8.98%

496

91.39%

37.5%

35

364.89

365.32

11.02

62.35%

48.72%

129.59

19.22%

0.88%

43.79

78.15%

207.87

736.53

122.94

3,354.14

16.46%

22.22

569.00

265.97

11,757.81

5

29.12%

16.88%

42.39%

8.44%

1.26%

9.04%

12.26%

17.02%

700

107.13%

27.6%

60

388.62

540.46

40.29

57.43%

46.36%

225.42

16.87%

1.90%

76.63

80.71%

392.48

772.08

108.46

1,574.96

15.76%

57.55

726.21

486.26

5,595.34

8

15.63%

10.13%

16.91%

22.50%

2.13%

18.15%

19.71%

26.87%

135

115.50%

16.5%

27

135.74

144.47

28.22

45.63%

40.81%

86.15

11.70%

3.13%

19.43

89.44%

188.81

1,070.16

92.24

513.16

9.21%

209.05

1,306.89

211.10

3,052.74

3

37.40%

21.96%

73.57%

3.22%

0.61%

5.18%

7.64%

10.94%

565

103.89%

34.4%

33

252.89

395.99

12.07

68.38%

50.61%

139.26

20.75%

0.98%

57.20

74.02%

203.68

700.86

114.37

4,026.51

20.79%

21.35

514.35

275.17

11,542.89

5

Notes: (i) m = Millions (ii) WAV = Weighted average value

6

7

Assets

FY 2016 FY 2017

0

200

400

Assets (PGK) m - Balanced

0%

5%

10%

15%

% Change in Assets - Balanced461.29

486.26

5.41%

Percentage Change by Total[Balanced]

Total Assets (PGK) m

486.26reported as of FY 2017

Micro BankSavings and Loan

Society

FY 2016 FY 2017 FY 2016 FY 2017

0

100

200

300

Assets (PGK) m - Balanced

0%

10%

20%

30%

% Change in Assets - Balanced265.97 275.17

3.46%

195.32211.10

8.07%

Percentage Change of Peer Group [Balanced]

Benchmark by Peer group (PGK) m

Micro Bank Savings and Loan Society

Peoples MicroBank

NationwideMicrobank

PNG MicrofinanceKada Poroman MF Womens MicroBank

NCSL East New BritainSLS

Niu Ailan SLS

0

50

100

150

Assets (PGK) m 101.13

86.35

64.68

14.468.54

Peer Average 55.03

157.90

35.40

17.80

Peer Average 70.37Country Average 60.78

Legal Status

FY 2016

FSP Count Assets (PGK)m

FY 2017

FSP Count Assets (PGK)m

Micro Bank

Savings and Loan Society

Total 475.49

209.52

265.97

10

5

5

486.26

211.10

275.17

8

3

5

Benchmark by Legal status

FY 2016 FY 2017

Percentile (25) of Assets (PGK) m

Median Assets (PGK) m

Percentile (75) of Assets (PGK) m 90.05

50.04

16.97

81.79

25.13

9.61

Percentiles and Median


Micro Bank

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Kada PoromanMF

Womens MicroBank


NCSLEast New Britain

SLSNiu Ailan SLS

FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017 FY 2016 FY 2017

-10%

0%

10%

20%

% Change in Assets

0

50

100

150

Assets (PGK) m

18.18%

-1.90%

-8.17%

3.28%

7.61% 8.84%5.15%

7.28%

101.1385.57 88.02 86.35

70.43 64.68

14.00 14.46 7.94 8.54

145.07157.90

33.66 35.40

16.59 17.80

Institutions by Indicator (PGK) m and Year on Year Change (%)

8

Equity



Peoples MicroBank

NationwideMicrobank

PNG Microfinance Womens MicroBank

Kada Poroman MF NCSL East New BritainSLS

Niu Ailan SLS

0

10

20

30

Equity (PGK) m

33.66

10.95

6.84

3.29 2.46

Peer Average 11.4413.41

3.08 2.94

Peer Average 6.48

Country Average 9.58


Micro Bank

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Womens MicroBank

Kada PoromanMF



SLSNiu Ailan SLS


0%

50%

% Change in Equity

0

10

20

30

Equity (PGK) m

56.58%

-1.05%

22.37%

-14.98%

38.57%

-6.91%

22.50%

46.07%

21.50

33.66

11.06 10.95

5.59 6.843.87 3.29

1.78 2.46

14.41 13.41

2.51 3.08 2.01 2.94


FY 2016 FY 2017

0

20

40

60

80

100

Equity (PGK) m - Balanced

0%

10%

20%

30%

40%

% Change in Equity - Balanced

62.73

76.63

22.16%


Legal Status

FY 2016

FSP countEquity (PGK)

m

FY 2017

FSP countEquity (PGK)

m

Micro Bank


Total 64.83

21.04

43.79

10

5

5

76.63

19.43

57.20

8

3

5


FY 2016 FY 2017

Percentile (25) of Equity (PGK) m

Median Equity (PGK) m

Percentile (75) of Equity (PGK) m 11.56

5.06

3.04

9.69

3.19

2.13


Total Equity (PGK) m



Society

FY 2016 FY 2017 FY 2016 FY 2017

0

20

40

60

80

Equity (PGK) m - Balanced

0%

10%

20%

30%

% Change in Equity - Balanced

43.79

57.20

30.61%

18.93 19.43

2.62%

Percentage Change of Peer group [Balanced]

9

Offices



NationwideMicrobank

PNG Microfinance Peoples MicroBank

Kada Poroman MF Womens MicroBank


Niu Ailan SLS

0

5

10

15

20

Offices

12

9

7

32

Peer Average 6.60

19

5

3


Peer Average 9.00

Benchmark by Peer group

Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


-50%

0%

% Change in Offices

0

10

20

Offices

9.09%

-18.18%

16.67%

0.00%

-50.00%

0.00% 0.00% 0.00%

1112

119

67

3 34

2

19 19

5 53 3

Institutions by Indicator and Year on Year Change (%)

FY 2016 FY 2017

0

20

40

60

80

Offices - Balanced

-3%

-2%

-1%

0%

% Change in Offices - Balanced

62 60

-3.23%


Legal Status

FY 2016

FSP count Offices

FY 2017

FSP count Offices

Micro Bank


Total 65

30

35

10

5

5

60

27

33

8

3

5


FY 2016 FY 2017

Percentile (25) of Offices

Median Offices

Percentile (75) of Offices 10

6

3

10

5

3


Total Offices

60reported as of FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

0

20

40

Offices - Balanced

-10%

-5%

0%

5%

10%

% Change in Offices - Balanced

3533

-5.71%

27 27

0.00%

Percentage Change of Peer group[Balanced]

10

Personnel



NationwideMicrobank




Niu Ailan SLS

0

50

100

150

200

Personnel

188

162

141

38 36

Peer Average 113.00

69

45

21

Peer Average 45.00



Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


0%

50%

% Change in Personnel

0

100

200

Personnel

13.25%

0.00%

19.49%

40.74%

56.52%

2.99%

-10.00%0.00%

166

188

162 162

118

141

2738

2336

67 6950 45

21 21


FY 2016 FY 2017

0

500

1,000

1,500

Personnel - Balanced

0%

5%

10%

% Change in Personnel - Balanced

634700

10.41%

Percentage Change by total[Balanced]

Legal Status

FY 2016

FSP count Personnel

FY 2017

FSP count Personnel

Micro Bank


Total 670

174

496

10

5

5

700

135

565

8

3

5


FY 2016 FY 2017

Percentile (25) of Personnel

Median Personnel

Percentile (75) of Personnel 146

57

38

105

39

24


Total Personnel

700reported as of FY 2017

Micro Bank Savings and LoanSociety

FY 2016 FY 2017 FY 2016 FY 2017

0

200

400

600

800

Personnel - Balanced

0%

10%

% Change in Personnel - Balanced

496

565

13.91%

138 135

-2.17%


11

12

Gross loan portfolio to Assets

GLP to Assets (WAV)Aggregated to

46.36%reported as of FY 2017

FY 2016 FY 2017

0%

20%

40%

60%

80%

Gross loan portfolio to Assets (WAV) -

Balanced

0.0%

0.5%

1.0%

1.5%

2.0%

% Change in Gross loan portfolio to Assets

(WAV) - Balanced

44.37% 46.36%

1.99%



Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

20%

40%

60%

Gross loan portfolio to Assets (WAV) -

Balanced

0.0%

1.0%

2.0%

% Change in Gross loan portfolio to

Assets (WAV) - Balanced

48.72%50.61%

1.89% 38.44%40.81%

2.37%



FY 2016 FY 2017

Percentile (25) of Gross Loan Portfolioto Assets

Median Gross Loan Portfolio to Assets

Percentile (75) of Gross Loan Portfolioto Assets

48.58%

39.14%

34.41%

56.12%

40.36%

28.45%


Legal Status

FY 2016

FSP countGross loanportfolio toAssets (WAV)

FY 2017

FSP countGross loanportfolio toAssets (WAV)

Micro Bank


Aggregated 44.84%

39.92%

48.72%

10

5

5

46.36%

40.81%

50.61%

8

3

5



NationwideMicrobank



East New BritainSLS

NCSL Niu Ailan SLS

0%

20%

40%

60%

Gross loan portfolio to Assets (WAV) - Balanced 66.26%

58.17%

38.03%

27.26%23.64%

Peer Average 50.61%45.38%

40.24%36.79%

Peer Average 40.81%

Country Average 46.36%


Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

Womens MicroBank


East New BritainSLS

Niu Ailan SLS NCSL


-10%

0%

10%

Difference in Gross loan

portfolio to Assets (WAV) -

Balanced

0%

20%

40%

60%

Gross loan portfolio to

Assets (WAV) - Balanced

7.24%

-0.94%0.31%

6.33%

13.60%

-2.05%

-6.20%

4.41%

59.02%66.26%

59.11% 58.17%

37.72% 38.03%

20.93%27.26%

10.04%

23.64%

47.43% 45.38% 42.99%36.79% 35.83%

40.24%


13

Capital to assets



Womens MicroBank

Peoples MicroBank

Kada Poroman MF NationwideMicrobank

PNG Microfinance Niu Ailan SLS East New BritainSLS

NCSL

10%

20%

30%

40%


38.49%

33.29%

17.03%

12.68%10.57%

Peer Average 20.79%

16.49%

8.70% 8.50%Peer Average 9.21%



Micro Bank

Womens MicroBank

Peoples MicroBank

Kada PoromanMF

NationwideMicrobank

PNGMicrofinance


Niu Ailan SLS NCSLEast New Britain

SLS


-10%

0%

10%

% Change in Capital/assets

ratio (WAV)

0%

20%

40%

Capital/assets ratio (WAV)

10.23%

-8.17%

-4.34%

-0.11%-2.64%

-4.38%

1.43%

-1.23%

38.49%

48.72%

33.29%

25.12%

17.03%12.69% 12.68% 12.57% 10.57%

7.93%

16.49%12.11%

8.50% 9.93% 8.70% 7.47%


FY 2016 FY 2017

0%

5%

10%

15%

20%

Capital/assets (WAV) - Balanced

0.0%

1.0%

2.0%

Change in Capital/assets ratio (WAV) -

Balanced

13.60%

15.76%2.16%


Legal Status

FY 2016

FSP count Capital/assets(WAV)

FY 2017

FSP count Capital/assets(WAV)

Micro Bank


Aggregated 13.63%

10.04%

16.46%

10

5

5

15.76%

9.21%

20.79%

8

3

5


FY 2016 FY 2017

Percentile (25) of Capital /asset ratio

Median Capital /asset ratio

Percentile (75) of Capital /asset ratio 21.10%

14.59%

10.10%

22.01%

12.34%

8.43%


Capital/Asset Ratio(WAV) aggregated to



Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

10%

20%

30%

Capital/assets (WAV) - Balanced

0%

2%

4%

Change in Capital/assets ratio

(WAV) - Balanced

16.46%

20.79%

4.32%

9.69% 9.21%

-0.48%


14

Deposit to total assets



Kada Poroman MFPNG Microfinance NationwideMicrobank

Peoples MicroBank

Womens MicroBank


Niu Ailan SLS

0%

20%

40%

60%

80%

100%

Deposits to total assets (WAV)

101.95%

80.61% 79.96%

62.27%55.81%

Peer Average 74.02%

90.44% 88.51%82.45%Peer Average 89.44%



Micro Bank

Kada PoromanMF

PNGMicrofinance

NationwideMicrobank

Peoples MicroBank

Womens MicroBank



SLSNiu Ailan SLS


-10%

0%

10%

Change in Deposits to

total assets (WAV)

0%

50%

100%

Deposits to total assets

(WAV)

0.78%

-4.16%

1.54%

-9.52%

11.28%

2.77%

-1.10%

3.04%

101.17% 101.95%

84.77% 80.61% 78.42% 79.96%71.79%

62.27%

44.53%55.81%

87.67% 90.44% 89.61% 88.51%79.41% 82.45%


FY 2016 FY 2017

0%

50%

100%

Deposits to total assets (WAV) -

Balanced

0%

Change in Deposits to total assets

(WAV) - Balanced82.03% 80.71%

-1.31%


Legal Status

FY 2016

FSP countDeposits tototal assets(WAV)

FY 2017

FSP countDeposits tototal assets(WAV)

Micro Bank


Aggregated 81.58%

85.94%

78.15%

10

5

5

80.71%

89.44%

74.02%

8

3

5


FY 2016 FY 2017

Percentile (25) of Deposits to total assets

Median Deposits to total assets

Percentile (75) of Deposits to total assets 88.99%

81.53%

75.54%

86.95%

78.92%

70.17%


Deposits/Assets(WAV) aggregated to



Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

50%

100%

Deposits to total assets (WAV) -

Balanced

-4%

-2%

0%

2%

Change in Deposits to total

assets (WAV) - Balanced

78.15%74.02%

-4.14%

87.30% 89.44%

2.14%


15

Loan to deposit

Loan to deposit(WAV) aggregate to


FY 2016 FY 2017

0%

20%

40%

60%

Loan to deposit (WAV) - Balanced

0%

2%

4%

Difference in Loan to deposit (WAV) -

Balanced

54.09%57.43%

3.34%



Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

50%

100%

Loan to deposit (WAV) - Balanced

0%

2%

4%

6%

Difference in Loan to deposit

(WAV) - Balanced

62.35%68.38%

6.03%

44.03% 45.63%

1.60%



FY 2016 FY 2017

Percentile (25) of Loan to deposit

Median Loan to deposit

Percentile (75) of Loan to deposit 63.85%

47.95%

43.96%

65.83%

52.74%

40.05%


Legal Status

FY 2016

FSP count Loan todeposit (WAV)

FY 2017

FSP count Loan todeposit (WAV)

Micro Bank


Aggregated 54.97%

46.45%

62.35%

10

5

5

57.43%

45.63%

68.38%

8

3

5



NationwideMicrobank


Womens MicroBank

Kada Poroman MF East New BritainSLS

Niu Ailan SLS NCSL

0%

20%

40%

60%

80%

Loan to deposit (WAV)

82.86%

72.16%

61.07%

42.35%

26.74%

Peer Average 68.38%Country Average 57.43%

51.28%

44.62% 44.50%Peer Average 45.63%

CountryAverage57.43%


Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Womens MicroBank

Kada PoromanMF


East New BritainSLS

Niu Ailan SLS NCSL


-50%

0%

50%

Difference in Loan to

deposit (WAV) - Balanced

0%

20%

40%

60%

80%

Loan to deposit (WAV) -

Balanced

7.60%2.44%

8.52%

19.81%

6.05%-1.65%

-9.52%

3.63%

75.26%82.86%

69.72% 72.16%

52.55%61.07%

22.54%

42.35%

20.69%26.74%

52.93% 51.28% 54.13%

44.62%40.87%

44.50%


16

17

Number of active borrowers



NationwideMicrobank



NCSL Niu Ailan SLS East New BritainSLS

0

5

10

15

20

25

Number of active borrowers '000

4.98

2.95 2.391.30

0.45

Peer Average 2.41

23.38

2.842.00

Peer Average 9.41

CountryAverage 5.04

Benchmark by Peer group '000

Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

Womens MicroBank


NCSL Niu Ailan SLSEast New Britain

SLS


-20%

0%

20%

40%

% Change in Number of

active borrowers

0

10

20

Number of active

borrowers '000

18.48%

-2.48%3.28%

11.85%

40.13%

28.59%

-19.63%

0.00%

4.20 4.983.02 2.95 2.32 2.39

1.17 1.30 0.32 0.45

18.18

23.38

3.54 2.84 2.00 2.00

Institutions by Indicator '000 and Year on Year Change (%)

FY 2016 FY 2017

0

20

40

60

80

Number of active borrowers '000 -

Balanced

0%

5%

10%

15%

20%

% Change in Number of active borrowers -

Balanced

34.74

40.29

15.97%


Legal Status

FY 2016

FSP count

Number ofactive

borrowers'000

FY 2017

FSP count

Number ofactive

borrowers'000

Micro Bank


Total 36.85

25.83

11.02

10

5

5

40.29

28.22

12.07

8

3

5


FY 2016 FY 2017

Percentile (25) of Number of activeborrowers '000

Median Number of active borrowers '000

Percentile (75) of Number of activeborrowers '000

3.45

2.62

1.83

3.41

2.16

1.21


Total Number ofActive Borrowers '000



Society

FY 2016 FY 2017 FY 2016 FY 2017

0

10

20

30

Number of active borrowers '000 -

Balanced

0%

10%

20%

30%

% Change in Number of active

borrowers - Balanced

11.0212.07

9.46%

23.72

28.22

18.99%


18

Gross Loan Portfolio



NationwideMicrobank

Peoples MicroBank

PNG Microfinance Kada Poroman MF Womens MicroBank


Niu Ailan SLS

0

10

20

30

40

50

60

70

Gross Loan Portfolio (PGK) m

57.22

38.47 37.62

3.942.02

Peer Average 27.85

63.54

16.06

6.55

Peer Average 28.72



FY 2016 FY 2017

0

50

100

150

200

250

Gross loan portfolio (PGK) m - Balanced

0%

5%

10%

15%

% Change in Gross loan portfolio -

Balanced

204.67

225.42

10.14%


Legal Status

FY 2016

FSP countGross LoanPortfolio(PGK) m

FY 2017

FSP countGross LoanPortfolio(PGK) m

Micro Bank


Total 213.23

83.63

129.59

10

5

5

225.42

86.15

139.26

8

3

5


FY 2016 FY 2017

Percentile (25) of Gross Loan Portfolio (PGK) m

Median Gross Loan Portfolio (PGK) m

Percentile (75) of Gross Loan Portfolio (PGK) m 43.15

26.84

5.90

39.29

11.55

3.81


Total GLP (PGK) m

225.42

reported as of FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

0

50

100

150

Gross loan portfolio (PGK) m -

Balanced

0%

5%

10%

15%

% Change in Gross loan portfolio -

Balanced

129.59139.26

7.46%75.07

86.15

14.76%


Micro Bank

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


0%

100%

200%

Change in Gross loan

portfolio (PGK) m - Bala..

0.00

20.00

40.00

60.00

Gross loan portfolio

(PGK) m - Balanced

19.2% 10.1%-9.6%

34.5%

153.4%

22.3%0.6% -8.2%

32.2838.47

51.9557.22

41.6337.62

2.93 3.940.80 2.02

51.97

63.54

15.97 16.06

7.13 6.55


19

Average loan balance (ALB) per borrower



Peoples MicroBank

PNG Microfinance NationwideMicrobank

Womens MicroBank


NCSL Niu Ailan SLS

0

5,000

10,000

15,000

ALB per borrower (PGK) (WAV)

16,081

12,762

11,501

4,517

3,025

Peer Average 11,542.89

8,032

2,7182,305


Country Average 5,595.34

Benchmark by Peer group (PGK)

Micro Bank

Peoples MicroBank

PNGMicrofinance

NationwideMicrobank

Womens MicroBank

Kada PoromanMF


East New BritainSLS

NCSL Niu Ailan SLS


0%

50%

100%

% Change in ALB per

borrower (WAV)

0

5,000

10,000

15,000

ALB per borrower (PGK)

(WAV)

15.37%

-7.33% -7.05%

80.82%

20.28%

0.61% -4.92%

14.23%

13,938.75

16,080.85

13,771.6712,762.35 12,372.84

11,500.53

2,498.16

4,517.13

2,515.18 3,025.24

7,982.97 8,031.55

2,858.45 2,717.69 2,017.98 2,305.15

Institutions by Indicator (PGK) and Year on Year Change (%)

FY 2016 FY 2017

0

5,000

10,000

ALB per borrower (PGK) (WAV) - Balanced

-4%

-2%

% Change in ALB per borrower (WAV) -

Balanced

5,891.55 5,595.34

-5.03%


Legal Status

FY 2016

FSP countALB perborrower(PGK) (WAV)

FY 2017

FSP countALB perborrower(PGK) (WAV)

Micro Bank


Total 5,786.88

3,238.51

11,757.81

10

5

5

5,595.34

3,052.74

11,542.89

8

3

5


FY 2016 FY 2017

Percentile (25) of ALB per borrower (PGK)

Median ALB per borrower (PGK)

Percentile (75) of ALB per borrower (PGK) 11,815.99

6,274.34

2,948.35

11,275.37

3,848.71

2,568.47


Total ALB perBorrower (PGK)

(WAV)

5,595.34reported as of FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

0

5,000

10,000

15,000

ALB per borrower (PGK) (WAV) -

Balanced

-4%

-3%

-2%

-1%

0%

% Change in ALB per borrower

(WAV) - Balanced

11,757.81 11,542.89

-1.83%

3,165.32 3,052.74

-3.56%


20

Number of depositors



Peoples MicroBank

NationwideMicrobank



Niu Ailan SLS

0

20

40

60

80

100


89.71

52.76 51.39

39.30

19.73

Peer Average 50.58

98.83

26.41

10.50

Peer Average 45.25



Micro Bank

NationwideMicrobank

Peoples MicroBank

PNGMicrofinance

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


-100%

-50%

0%

50%


depositors

0

50

100

150

200

Number of depositors

'000

-70.14%

17.01%

-16.64%

11.78%

34.27%18.06%

8.67% 1.78%

176.72

52.76

76.6789.71

61.6551.39

35.16 39.30

14.69 19.73

83.7298.83

24.30 26.4110.31 10.50


FY 2016 FY 2017

0

200

400

600

Number of depositors '000 - Balanced

-20%

-15%

-10%

-5%

0%

% Change in Number of depositors - Bal..

483.22

388.62

-19.58%


Legal Status

FY 2016

FSP countNumber ofdepositors'000

FY 2017

FSP countNumber ofdepositors'000

Micro Bank


Total 500.59

135.70

364.89

10

5

5

388.62

135.74

252.89

8

3

5


FY 2016 FY 2017

Percentile (25) of Number of depositors '000

Median Number of depositors '000

Percentile (75) of Number of depositors '000 62.00

45.35

24.74

72.91

29.73

11.41


Total Number ofDepositors '000



FY 2016 FY 2017 FY 2016 FY 2017

0

200

400

Number of depositors '000 -

Balanced

-40%

-20%

0%

20%

% Change in Number of depositors

- Balanced

364.89

252.89

-30.69%

118.33135.74

14.71%


21

Number of deposit accounts



NationwideMicrobank

Peoples MicroBank

PNG MicrofinanceKada Poroman MF Womens MicroBank


Niu Ailan SLS

0

50

100

150

200

Number of deposit accounts '000

195.64

89.71

51.3939.30

19.96

Peer Average 79.20

98.83

32.07

13.57

Peer Average 48.16



Micro Bank

NationwideMicrobank

Peoples MicroBank

PNGMicrofinance

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


-20%

0%

20%

40%


deposit accounts

0

100

200

Number of deposit

accounts '000

10.70%17.01%

-16.64%

11.78%

31.95%

18.06%

8.88%5.68%

176.72195.64

76.6789.71

61.6551.39

35.16 39.30

15.12 19.96

83.7298.83

29.45 32.0712.84 13.57


FY 2016 FY 2017

0

200

400

600

Number of deposit accounts '000 -

Balanced

0%

5%

10%

% Change in Number of deposit accounts

- Balanced

491.33540.46

10.00%


Legal Status

FY 2016

FSP countNumber ofdeposit

accounts '000

FY 2017

FSP countNumber ofdeposit

accounts '000

Micro Bank


Total 509.74

144.42

365.32

10

5

5

540.46

144.47

395.99

8

3

5


FY 2016 FY 2017

Percentile (25) of Number of deposit accounts '000

Median Number of deposit accounts '000

Percentile (75) of Number of deposit accounts '000 91.99

45.35

29.04

72.91

32.30

13.41


Total Number ofDeposit Accounts '000



Society

FY 2016 FY 2017 FY 2016 FY 2017

0

100

200

300

400

Number of deposit accounts '000 -

Balanced

0%

10%

20%

% Change in Number of deposit

accounts - Balanced

365.32395.99

8.40%126.01

144.47

14.65%


22

Deposits



NationwideMicrobank

Peoples MicroBank



Niu Ailan SLS

0

50

100

150

Deposits (PGK) m

69.0562.98

52.14

14.744.77

Peer Average 40.74

142.80

31.33

14.68

Peer Average 62.94



Micro Bank

NationwideMicrobank

Peoples MicroBank

PNGMicrofinance

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


-20%

0%

20%

40%

% Change in Deposits

0

50

100

150

Deposits (PGK) m

0.03% 2.52%

-12.68%

4.08%

34.87%

12.29%

3.85%

11.39%

69.03 69.0561.43 62.98 59.71

52.14

14.16 14.743.54 4.77

127.17

142.80

30.17 31.33

13.18 14.68


FY 2016 FY 2017

0

100

200

300

400

500

Deposits (PGK) m - Balanced

0%

5%

10%

15%

% Change in Deposits - Balanced

378.38392.48

3.73%

Percentage Change by Total [Balanced]

Legal Status

FY 2016

FSP count Deposits(PGK) m

FY 2017

FSP count Deposits(PGK) m

Micro Bank


Total 387.92

180.05

207.87

10

5

5

392.48

188.81

203.68

8

3

5


FY 2016 FY 2017

Percentile (25) of Deposits (PGK) m

Median Deposits (PGK) m

Percentile (75) of Deposits (PGK) m 64.50

41.73

14.72

61.00

22.16

7.29


Total Deposits (PGK)m



FY 2016 FY 2017 FY 2016 FY 2017

0

100

200

300

Deposits (PGK) m - Balanced

0%

5%

10%

% Change in Deposits - Balanced

207.87 203.68

-2.02%

170.52188.81

10.73%


23

Average deposit account balance


FY 2016 FY 2017

0

200

400

600

800


- Balanced

-6%

-4%

-2%

0%

% Change in Average deposit account

balance (WAV) - Balanced

770.13726.21

-5.70%


FY 2016 FY 2017

Percentile (25) of Average deposit account balance(PGK)

Median Average deposit account balance (PGK)

Percentile (75) of Average deposit account balance(PGK)

1,031.25

839.54

369.56

1,010.33

704.61

411.14


Micro Bank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

NationwideMicrobank

Womens MicroBank



SLS


-10%

0%

10%

% Change in Average

deposit account balance

(WAV)

0

500

1,000

1,500

Average deposit account

balance (PGK) (WAV)

4.75%

-12.38%

-6.89%-9.64%

2.21%

-4.89%

5.40%

-4.62%

1,014.51968.49801.28

702.09

402.83 375.09 390.61 352.95233.76 238.93

1,519.121,444.89

1,026.05 1,081.46 1,024.27 976.98





Womens MicroBank


0

500

1,000

1,500


1,014.51

702.09

375.09 352.95

238.93

Peer average 514.35


1,444.89

1,081.46

976.98

Peer average 1,306.89

CountryAverage726.21

Benchmark by Peer group (PGK)

Legal Status

FY 2016

FSP count

Averagedepositaccount

balance (PGK)(WAV)

FY 2017

FSP count

Averagedepositaccount

balance (PGK)(WAV)

Micro Bank


Aggregated 761.01

1,246.69

569.00

10

5

5

726.21

1,306.89

514.35

8

3

5


Average DepositAccount Balance(PGK) (WAV)



Society

FY 2016FY 2017FY 2016FY 2017

0

500

1,000

1,500

Average deposit account balance (PGK)

(WAV) - Balanced

-10%

-5%

0%

% Change in Average deposit account

balance (WAV) - Balanced

569.00514.35

-9.60%

1,353.211,306.89

-3.42%


24

25

Return on assets



Peoples MicroBank

PNG MicrofinanceKada Poroman MF NationwideMicrobank

Womens MicroBank

Niu Ailan SLS East New BritainSLS

NCSL

-20%

-10%

0%


-22.22%

-0.13%

2.39% 1.85%0.86%

Peer Average 0.61%

4.68% 4.65%

1.26%Peer Average 2.13%



Micro Bank

Kada PoromanMF

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Womens MicroBank


Niu Ailan SLSEast New Britain

SLSNCSL


-5%

0%

5%

10%

% Change in Return on

assets (WAV)

-20%

0%


-1.46%

2.11%

-1.12%

8.89%

4.79%

-1.75%

2.32% 0.86% 0.28%2.39%

-0.13%

0.99%

-4.95%

1.85%

-31.11%

-22.22%

-0.11%

4.68%

-0.12%

4.65% 3.01% 1.26%


FY 2016 FY 2017

-3%

-2%

-1%

0%

1%

2%

Return on assets (WAV) - Balanced

-0.1%

0.0%

0.1%

Change in Return on assets (WAV) - Balanced

-0.20%

1.26%


Legal Status

FY 2016

FSP count Return onassets (WAV)

FY 2017

FSP count Return onassets (WAV)

Micro Bank


Aggregated -0.20%

2.01%

-2.01%

10

5

5

1.26%

2.13%

0.61%

8

3

5


FY 2016 FY 2017

Percentile (25) of Return on assets

Median Return on assets

Percentile (75) of Return on assets 2.96%

1.56%

0.61%

1.99%

0.09%

-2.37%


Return on Assets(WAV) aggregated to

1.26%for FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

-4%

-2%

0%

2%

4%

Return on assets (WAV) - Balanced

-1%

0%

1%

2%

Change in Return on assets (WAV) -

Balanced

-2.01%

0.61%

2.19% 2.13%

-0.07%


26

Return on equity





Womens MicroBank

East New BritainSLS

Niu Ailan SLS NCSL

-60%

-40%

-20%

0%

20%

40%

60%


-51.18%

20.12%

-0.96%

8.10% 5.79% Peer Average 3.22%Country Average 8.44%

57.40%

32.59%

13.69%

Peer Average 22.50%

CountryAverage8.44%


Micro Bank

Kada PoromanMF

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Womens MicroBank


East New BritainSLS

NCSL Niu Ailan SLS


0%

50%

%Change in Return on

equity (WAV)

-50%

0%

50%


-11.26%

6.92%

-8.78%

66.92%

2.76%

59.49%

-13.57%

33.49%

17.05%5.79% 1.18%

8.10%

-0.96%

7.82%

-46.80%

20.12%

-53.94% -51.18%

57.40%

-2.09%

27.26%13.69%

32.59%

-0.90%


FY 2016 FY 2017

-10%

0%

10%

20%

Return on equity (WAV) - Balanced

-15%

-10%

-5%

0%

5%

10%

Change in Return on equity (WAV) - Balanced

-1.43%

8.44%

9.87%


Legal Status

FY 2016

FSP count Return onequity (WAV)

FY 2017

FSP count Return onequity (WAV)

Micro Bank


Aggregated -1.41%

18.98%

-11.55%

10

5

5

8.44%

22.50%

3.22%

8

3

5


FY 2016 FY 2017

Percentile (25) of Return on equity

Median Return on equity

Percentile (75) of Return on equity 23.24%

10.90%

4.10%

6.16%

-1.50%

-37.65%


Return on Equity(WAV) aggregated to

8.44%for FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

-20%

0%

20%

Return on equity (WAV) - Balanced

-10%

0%

10%

Change in Return on equity (WAV) -

Balanced

-11.55%

3.22%

14.77%

21.46% 22.50%

1.04%


27

Operating self sufficiency (OSS)


FY 2016 FY 2017

Percentile (25) of Operational self sufficiency

Median Operational self sufficiency

Percentile (75) of Operational self sufficiency 115.48%

111.89%

106.53%

118.05%

100.93%

86.87%


FY 2016 FY 2017

0%

50%

100%

Operational self sufficiency (WAV) -

Balanced

0.0%

20.0%

40.0%

% Change in Operational self sufficiency

(WAV) - Balanced

107.13%99.44%

7.68%

Percentage Change by Total [Balanced]


Society

FY 2016FY 2017FY 2016FY 2017

0%

50%

100%

150%

Operational self sufficiency (WAV) -

Balanced

0%

20%

40%

60%

80%

100%

% Change in Operational self

sufficiency (WAV) - Balanced

103.89%91.39%

12.50%

122.89%115.50%

-7.39%


Legal Status

FY 2016

FSP countOperationalself sufficiency

(WAV)

FY 2017

FSP countOperationalself sufficiency

(WAV)

Micro Bank


Aggregated 99.42%

121.24%

91.39%

10

5

5

107.13%

115.50%

103.89%

8

3

5





Womens MicroBank

East New BritainSLS

Niu Ailan SLS NCSL

0%

50%

100%

150%

Operational self sufficiency (WAV)

107.25%

122.98%112.98%

104.36%

13.55%

Peer Average 103.89%

111.01%

161.81%




Micro Bank

Kada PoromanMF

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Womens MicroBank


East New BritainSLS

NCSL Niu Ailan SLS


-50%

0%

50%

Difference in Operational

self sufficiency (WAV) -

Balanced

0%

50%

100%

150%

Operational self

sufficiency (WAV) -

Balanced

-8.95%

20.45%

-2.05%

24.27%

-6.84%

11.68%

-25.26%

63.27%

121.93%112.98%

102.53%

122.98%106.41% 104.36% 107.25%

82.98%

20.39% 13.55%

111.01%99.33%

138.03%

112.77%

161.81%

98.54%


Operational SelfSufficiency (WAV)aggregated to

107.13%for FY 2017

28

29

Financial revenue by assets





Peoples MicroBank

East New BritainSLS

Niu Ailan SLS NCSL

0%

5%

10%

15%

20%

25%

30%

Financial revenue / assets (WAV)

27.35%

24.76%

18.10%

15.22%

13.14%

Peer Average 20.75%

14.01%12.26%




FY 2016 FY 2017

0%

10%

20%

30%

Financial revenue / assets (WAV) -

Balanced

0%

Change in Financial revenue / assets

(WAV) - Balanced

16.02%16.87%

0.84%


Legal Status

FY 2016

FSP countFinancialrevenue /assets (WAV)

FY 2017

FSP countFinancialrevenue /assets (WAV)

Micro Bank


Aggregated 15.74%

11.48%

19.22%

10

5

5

16.87%

11.70%

20.75%

8

3

5


FY 2016 FY 2017

Percentile (25) of Financial revenue / assets

Median Financial revenue / assets

Percentile (75) of Financial revenue / assets 19.77%

14.62%

12.92%

18.23%

11.19%

8.30%


FinancialRevenue/Assets (WAV)

aggregated to

16.87%for FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

10%

20%

30%

Financial revenue / assets (WAV) -

Balanced

0%

1%

Change in Financial revenue / assets

(WAV) - Balanced

19.22%20.75%

1.53%

11.78% 11.70%

-0.08%


Micro Bank

Kada PoromanMF

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Womens MicroBank


East New BritainSLS

NCSL Niu Ailan SLS


-5%

0%

5%

10%

Change in Financial

revenue / assets (WAV) -

Balanced

0%

10%

20%

30%

Financial revenue /

assets (WAV) - Balanced

-0.34%

1.70%0.49%

3.19%

7.25%

-3.58%

0.18%

4.80%

18.44% 18.10%

11.44%13.14%

24.27% 24.76% 24.16%27.35%

15.22%

7.97%

17.59%

14.01%10.93% 11.11% 12.26%

7.46%


30

Yield on gross loan portfolio



Womens MicroBank

Kada Poroman MFPNG Microfinance NationwideMicrobank

Peoples MicroBank

East New BritainSLS

Niu Ailan SLS NCSL

0%

20%

40%

60%

80%

Yield on gross loan portfolio (WAV)

75.05%

65.81%

43.65%39.25%

23.43%

Peer Average 37.40%

21.72%

16.52%13.83%Peer Average 15.63%



Micro Bank

Womens MicroBank

Kada PoromanMF

PNGMicrofinance

NationwideMicrobank

Peoples MicroBank


East New BritainSLS

Niu Ailan SLS NCSL


0%

20%

40%

% Change in Yield on

gross portfolio (WAV)

0%

50%

100%

Yield on gross portfolio

(WAV)

39.56%

18.74%

8.32%

0.72% 1.13% -0.20%3.74%

1.06%

35.49%

75.05%

47.07%

65.81%

35.33%43.65%

38.53% 39.25%

22.30% 23.43% 21.92% 21.72%12.78% 16.52% 12.77% 13.83%


FY 2016 FY 2017

0%

10%

20%

30%

40%

50%

Yield on gross loan portfolio (WAV) -

Balanced

0.0%

1.0%

2.0%

Change in Yield on gross portfolio (WAV) -

Balanced26.82%

29.12%

2.30%


Legal Status

FY 2016

FSP countYield on grossloan portfolio(WAV)

FY 2017

FSP count

Yield ongross loanportfolio(WAV)

Micro Bank


Aggregated 25.95%

14.00%

34.05%

10

5

5

29.12%

15.63%

37.40%

8

3

5


FY 2016 FY 2017

Percentile (25) of Yield on gross loan portfolio(nominal)

Median Yield on gross loan portfolio (nominal)

Percentile (75) of Yield on gross loan portfolio(nominal)

49.19%

31.34%

20.42%

35.45%

22.11%

12.77%


Yield on GLP (WAV)aggregated to

29.12%for FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

20%

40%

60%

Yield on gross loan portfolio (WAV) -

Balanced

0%

1%

2%

3%

Change in Yield on gross portfolio

(WAV) - Balanced

34.05%37.40%

3.35%

14.78% 15.63%

0.85%


31

Financial expense by assets



NationwideMicrobank

PNG Microfinance Peoples Micro Bank Kada Poroman MF NCSL East New Britain SLS Niu Ailan SLS

0.0%

1.0%

2.0%

3.0%

Financial expense/assets (WAV)

1.51%

1.24%

0.52%

0.00%

Peer Average 1.06%

3.45%

2.45%

1.69%

Peer Average 3.13%



Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

Womens MicroBank


East New BritainSLS

NCSL Niu Ailan SLS


-0.8%

0.0%

0.8%

1.6%

2.4%3.2%

% Change in Financial

expense/assets (WAV)

0%

1%

2%

3%

4%

Financial

expense/assets (WAV)

0.27%0.08% -0.03% -0.06%

2.42%

0.05%

1.24%1.51%

1.16% 1.24%

0.55% 0.52%

2.51% 2.45%

1.03%

3.45%

1.64% 1.69%


FY 2016 FY 2017

0%

1%

2%

3%

4%

5%

Financial expense/assets (WAV) - Balanced

0%

1%

2%

3%

4%

5%

Change in Financial expense/assets (WAV)

- Balanced

1.14%

2.00%

0.86%


Legal Status

FY 2016

FSP countFinancialexpense/assets (WAV)

FY 2017

FSP countFinancialexpense/assets (WAV)

Micro Bank


Aggregated 1.05%

1.26%

0.88%

10

5

5

1.90%

3.13%

0.98%

8

3

5


FY 2016 FY 2017

Percentile (25) of Financial expense / assets

Median Financial expense / assets

Percentile (75) of Financial expense / assets 1.88%

1.38%

0.39%

1.22%

0.92%

0.14%


FinancialExpense/Assets (WAV)aggregated to

1.90%for FY 2017


Society

FY 2016 FY 2017FY 2016 FY 2017

0%

1%

2%

3%

4%

Financial expense/assets (WAV) -

Balanced

0%

1%

2%

3%

4%

Change in Financial expense/assets

(WAV) - Balanced

0.97% 1.06%

0.09%

1.34%

3.13%

1.79%


32

Operating Expense / loan portfolio

Operatingexpense/loanportfolio


FY 2016 FY 2017

0%

10%

20%

30%

40%

50%

Operating expense / loan portfolio (WAV) -

Balanced

-2.5%

-2.0%

-1.5%

-1.0%

-0.5%

% change in Operating expense / loan

portfolio (WAV) - Balanced

29.87%27.63%

-2.24%



Society

FY 2016FY 2017FY 2016FY 2017

0%

20%

40%

Operating expense / loan portfolio

(WAV) - Balanced

-10%

-5%

0%

5%

10%

% change in Operating expense / loan

portfolio (WAV) - Balanced37.52%

34.44%

-3.08%17.12% 16.53%

-0.59%




Peoples MicroBank

NationwideMicrobank



Niu Ailan SLS

0%

100%

200%

Operating expense / loan portfolio (W..

219.1%

24.3% 32.5% 36.7%

66.4%

Peer Average 34.44%15.1% 22.7% 14.1%Peer Average 16.53%


Legal Status

FY 2016

FSP count

Operatingexpense /

loan portfolio(WAV)

FY 2017

FSP count

Operatingexpense /

loan portfolio(WAV)

Micro Bank


Aggregated 29.09%

16.66%

37.52%

10

5

5

27.63%

16.53%

34.44%

8

3

5


FY 2016 FY 2017

Percentile (25) of Operating expense / loanportfolio

Median Operating expense / loan portfolio

Percentile (75) of Operating expense / loanportfolio

44.08%

28.43%

20.80%

38.99%

30.48%

17.51%



Micro Bank

Peoples MicroBank

NationwideMicrobank

PNGMicrofinance

Kada PoromanMF

Womens MicroBank



SLSNiu Ailan SLS


-50%

0%

50%

% Change in Operating

expense / loan portfolio

(WAV)

0%

200%

400%

600%

Operating expense / loan

portfolio (WAV)

-15.5%

1.2%-9.5%

53.7%

-58.6%

-3.0% -2.5% 0.8%

28.8% 24.3% 32.1% 32.5% 40.5% 36.7% 43.2%66.4%

529.6%

219.1%

15.6% 15.1% 23.3% 22.7% 14.0% 14.1%


33

34

Cost per borrower



Womens MicroBank


Peoples MicroBank


NCSL Niu Ailan SLS

0

2,000

4,000

6,000

8,000

Cost per borrower (PGK) (WAV)

8,056.21

4,865.21

3,912.413,657.46

1,847.43


Country Average 1,574.961,817.79

419.99 302.06Peer Average 513.16

CountryAverage1,574.96


Micro BankWomens Micro

BankPNG

MicrofinanceNationwideMicrobank

Peoples MicroBank

Kada PoromanMF

Savings and Loan SocietyEast New Britain

SLSNCSL Niu Ailan SLS


0%

200%

% Change in Cost per

borrower

0

5,000

10,000

Cost per borrower

(PGK) (WAV)

-17.2% -9.1% -11.3%13.8%

275.8%

11.5% -3.0% 15.8%

9,726.20

8,056.21

5,354.444,865.21 4,408.99

3,912.413,214.32 3,657.46

1,847.43

491.631,629.67 1,817.79

433.02 419.99 260.74 302.06


FY 2016 FY 2017

0

500

1,000

1,500

Cost per borrower (PGK) (WAV) -

Balanced

0.0%

5.0%

10.0%

% Difference in Cost per borrower (PGK)

(WAV) - Balanced

1,545.48 1,574.96

1.91%


FY 2016 FY 2017

Percentile (25) of Cost per borrower (PGK)

Median Cost per borrower (PGK)

Percentile (75) of Cost per borrower (PGK) 4,150.61

2,752.44

1,468.34

4,110.33

1,314.17

447.67


Legal Status

FY 2016

FSP countCost perborrower(PGK) (WAV)

FY 2017

FSP countCost perborrower(PGK) (WAV)

Micro Bank


Aggregated 1,496.64

526.98

3,354.14

10

5

5

1,574.96

513.16

4,026.51

8

3

5

Benchmark by Legal Status

Cost per borrower(PGK) (WAV)

1,574.96for FY 2017


Society

FY 2016 FY 2017FY 2016 FY 2017

0

2,000

4,000

Cost per borrower (PGK) (WAV) -

Balanced

-20%

0%

20%

40%

% Difference in Cost per borrower

(PGK) (WAV) - Balanced

3,354.14

4,026.51

20.05%

520.12 513.16

-1.34%


35

Borrower per staff member





Womens MicroBank


0

100

200

300

Borrowers per staff member (WAV)

34.29 26.46 18.20 16.96 12.42Peer Average 21.35

338.86

135.29

44.44

Peer Average 209.05



Micro Bank

Kada PoromanMF

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Womens MicroBank



SLS


-20%

0%

20%

% Change in Borrowers per

staff member (WAV)

0

100

200

300

Borrowers per staff

member (WAV)

-20.53%

4.62%

-2.48%

-13.57%-10.48%

24.87%

-19.63%

11.11%

43.15 34.29 25.30 26.46 18.66 18.20 19.63 16.96 13.87 12.42

271.37

338.86

168.33135.29

40.00 44.44


FY 2016 FY 2017

0

20

40

60

80

Borrowers per staff member (WAV) -

Balanced

0%

2%

4%

% Change in Borrowers per staff member -

Balanced

54.7957.55

5.04%


Legal Status

FY 2016

FSP count

Borrowersper staffmember(WAV)

FY 2017

FSP count

Borrowersper staffmember(WAV)

Micro Bank


Aggregated 55.00

148.42

22.22

10

5

5

57.55

209.05

21.35

8

3

5


FY 2016 FY 2017

Percentile (25) of Borrowers per staff member

Median Borrowers per staff member

Percentile (75) of Borrowers per staff member 67.15

30.38

17.89

77.00

41.57

21.04


Borrowers per staffmember (WAV)



Society

FY 2016 FY 2017 FY 2016 FY 2017

0

100

200

Borrowers per staff member (WAV) -

Balanced

-10%

0%

10%

20%

30%

% Change in Borrowers per staff

member - Balanced

22.22 21.35-3.91%

171.86

209.05

21.64%


36

Deposit accounts per staff member


FY 2016 FY 2017

0

500

1,000


- Balanced

0%

% Change in Deposit accounts per staff

member (WAV) - Balanced

774.96 772.08

-0.37%


FY 2016 FY 2017

Percentile (25) of Deposit accounts per staffmember

Median Deposit accounts per staff member

Percentile (75) of Deposit accounts per staffmember

1,035.75

679.45

615.74

1,041.65

653.62

594.66


Micro Bank

Kada PoromanMF

NationwideMicrobank

Peoples MicroBank

Womens MicroBank

PNGMicrofinance



SLSNiu Ailan SLS


-20%

0%

20%

% Change in Deposit

accounts per staff

member (WAV)

0

500

1,000

1,500

Deposit accounts per

staff member (WAV)

-20.58%

-2.25% -2.08%

-15.70% -16.64%

14.64%20.97%

5.68%

1,302.11

1,034.13 1,064.57 1,040.61

649.71 636.21 657.52554.31

380.57317.24

1,249.48

1,432.36

589.02712.56

611.57 646.33



NationwideMicrobank

Kada Poroman MF Peoples MicroBank

Womens MicroBank

PNG Microfinance NCSL East New BritainSLS

Niu Ailan SLS

0

500

1,000

1,500


1,040.61 1,034.13

636.21554.31

317.24

Peer Average 700.86

1,432.36

712.56646.33




Legal Status

FY 2016

FSP count

Depositaccounts per

staffmember(WAV)

FY 2017

FSP count

Depositaccounts per

staffmember(WAV)

Micro Bank


Aggregated 760.81

830.02

736.53

10

5

5

772.08

1,070.16

700.86

8

3

5


Deposit accounts perstaff member (WAV)

772.08

reported as of FY 2017


Society

FY 2016FY 2017FY 2016FY 2017

0

500

1,000

Deposit accounts per staff member

(WAV) - Balanced

0%

10%

20%

30%

% Change in Deposit accounts per

staff member (WAV) - Balanced

736.53700.86

-4.84%

1,070.16

913.11

17.20%


37

Cost per deposit accounts


Cost per depositaccounts (PGK) (WAV)

108.46for FY 2017

FY 2016 FY 2017

0

50

100

150

Cost per deposit accounts (PGK) (WAV) -

Balanced

-6%

-4%

-2%

0%

% Change in Cost per deposit accounts (PGK)

(WAV) - Balanced

116.42108.46

-6.84%



Society

FY 2016 FY 2017 FY 2016 FY 2017

0

100

200


- Balanced

-8%

-6%

-4%

-2%

0%

% Change in Cost per deposit accounts

(PGK) (WAV) - Balanced

122.94114.37

-6.97%

97.49 92.24

-5.38%


Legal Status

FY 2016

FSP count

Cost perdepositaccounts(PGK) (WAV)

FY 2017

FSP count

Cost perdepositaccounts(PGK) (WAV)

Micro Bank


Aggregated 114.63

93.60

122.94

10

5

5

108.46

92.24

114.37

8

3

5

Benchmark by Legal Status

FY 2016 FY 2017

Percentile (25) of Cost per deposit accounts (PGK)

Median Cost per deposit accounts (PGK)

Percentile (75) of Cost per deposit accounts (PGK) 123.69

92.14

82.10

119.04

96.83

77.07



Womens MicroBank


Peoples MicroBank


NCSL Niu Ailan SLS

0

100

200

300


154.62

282.63

85.8295.98

58.01

Peer Average 114.37Country Average 108.46 113.38

88.3170.95

Peer Average 92.24CountryAverage108.46


Micro Bank

Womens MicroBank

PNGMicrofinance

NationwideMicrobank

Peoples MicroBank

Kada PoromanMF


East New BritainSLS

NCSL Niu Ailan SLS


-40%

-20%

0%

% Difference in Cost per

deposit accounts (PGK)

(WAV) - Balanced

0

100

200

300

Cost per deposit

accounts (PGK) (WAV) -

Balanced

-35.11%

4.20% 3.11%

-6.33%

0.77%

-8.97%-3.40% -5.43%

238.28

154.62

271.23 282.63

83.23 85.82102.47 95.98

57.57 58.01

124.56 113.3891.42 88.31

75.02 70.95


38

39

Portfolio at risk > 30 days (%)



Kada Poroman MFPNG Microfinance Peoples MicroBank

Womens MicroBank

NationwideMicrobank


NCSL

0%

20%

40%

60%

80%

100%


24.48%

14.37% 13.79%8.23% 5.92%

Peer Average 13.36%

94.81%

27.59%

19.68%

Peer Average 47.36%



Micro Bank

Kada PoromanMF

PNGMicrofinance

Peoples MicroBank

Womens MicroBank

NationwideMicrobank



SLSNCSL


-100%

-50%

0%

50%

% Change in Portfolio at

risk > 30 days (WAV)

0%

50%

100%

Portfolio at risk > 30 days

(WAV)

-75.52%

0.43%10.30% 3.82% 2.57%

47.21%

-18.31%-7.23%

100.00%

24.48%13.94% 14.37% 13.79%

3.49% 4.41% 8.23%3.35% 5.92%

47.60%

94.81%

45.90%

27.59% 26.91%19.68%


FY 2016 FY 2017

0%

10%

20%

30%

40%

Portfolio at risk > 30 days (WAV) -

Balanced

-2%

-1%

0%

1%

% Change in Portfolio at risk > 30 days

(WAV) - Balanced

19.16%17.38%

-1.79%


Legal Status

FY 2016

FSP countPortfolio atrisk > 30 days(WAV)

FY 2017


Micro Bank


Aggregated 20.92%

39.42%

8.98%

10

5

5

17.02%

26.87%

10.94%

8

3

5


FY 2016 FY 2017

Percentile (25) of Portfolio at risk > 30 days

Median Portfolio at risk > 30 days

Percentile (75) of Portfolio at risk > 30 days 25.26%

17.03%

12.40%

80.68%

36.41%

6.79%


Portfolio at risk > 30days (WAV)aggregated to



Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

10%

20%

30%

40%


Balanced

-6%

-4%

-2%

0%

2%

% Change in Portfolio at risk > 30

days (WAV) - Balanced

10.83% 11.09%

0.27%

33.07%

27.63%

-5.44%


40

Portfolio at risk > 90 days (%)



Kada Poroman MFPNG Microfinance Peoples MicroBank

Womens MicroBank

NationwideMicrobank


NCSL

0%

20%

40%

60%

80%

100%


18.43%13.24%

5.15% 5.07% 4.99%Peer Average 9.38%

91.65%

21.69%

11.80%

Peer Average 41.71%



Micro Bank

Kada PoromanMF

PNGMicrofinance

Womens MicroBank

Peoples MicroBank

NationwideMicrobank



SLSNCSL


-50%

0%

50%

%Change in Portfolio at

risk > 90 days (WAV)

0%

50%

100%

Portfolio at risk > 90 days

(WAV)

-23.85%

0.97% 2.11% 2.19% 2.62%

48.81%

-17.90%

-0.94%

42.28%

18.43%12.27% 13.24%

2.96% 5.07% 2.96% 5.15% 2.37% 4.99%

42.84%

91.65%

39.59%

21.69%12.74% 11.80%


FY 2016 FY 2017

0%

5%

10%

15%

20%


Balanced

-2%

0%

2%

4%

6%

Change in Portfolio at risk > 90 days

(WAV) - Balanced12.75% 12.69%

-0.06%


Legal Status

FY 2016


FY 2017


Micro Bank


Aggregated 14.74%

27.34%

6.60%

10

5

5

12.26%

19.71%

7.64%

8

3

5


FY 2016 FY 2017

Percentile (25) of Portfolio at risk > 90 days

Median Portfolio at risk > 90 days

Percentile (75) of Portfolio at risk > 90 days 19.25%

12.52%

5.13%

42.70%

26.17%

5.29%


Portfolio at risk > 90days (WAV)aggregated to



Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

10%

20%


Balanced

0%

10%

20%

Change in Portfolio at risk > 90

days (WAV) - Balanced

7.49% 7.87%

0.39%

21.53%20.54%

-0.98%


41

Risk coverage




Kada Poroman MF Peoples MicroBank

Womens MicroBank

East New BritainSLS

NCSL Niu Ailan SLS

0%

20%

40%

60%

80%

100%

120%

Risk coverage (WAV)

109.69%

93.83%

34.81% 32.66%

15.86%

Peer Average 73.57%

29.74%

16.54%

1.86%

Peer Average 16.91%



Micro Bank

NationwideMicrobank

PNGMicrofinance

Peoples MicroBank

Kada PoromanMF

Womens MicroBank


East New BritainSLS

NCSL Niu Ailan SLS


-50%

0%

50%

% Change in Risk

coverage (WAV)

0%

50%

100%

Risk coverage (WAV)

-30.91%

39.70%

-43.45%

23.34%

-7.59%

8.77% 3.48% -0.97%

124.74%

93.83%

109.69%

69.99%76.11%

32.66%

11.47%

34.81%23.45%

15.86% 20.97%29.74%

13.06% 16.54%2.83% 1.86%


FY 2016 FY 2017

Percentile (25) of Risk coverage

Median Risk coverage

Percentile (75) of Risk coverage 49.57%

31.20%

16.37%

58.36%

19.14%

11.87%


FY 2016 FY 2017

0%

20%

40%

60%

Risk coverage (WAV) - Balanced

0%

5%

10%

15%

Change in Risk coverage (WAV) - Balanced

30.26%

42.39%12.12%


Legal Status

FY 2016

FSP count Risk coverage(WAV)

FY 2017

FSP count Risk coverage(WAV)

Micro Bank


Aggregated 26.63%

13.02%

63.90%

10

5

5

42.39%

16.91%

73.57%

8

3

5


Risk coverage (WAV)aggregated to

42.39%for FY 2017


Society

FY 2016 FY 2017 FY 2016 FY 2017

0%

50%

100%

Risk coverage (WAV) - Balanced

0%

5%

10%

Change in Risk coverage (WAV) -

Balanced

63.90%

73.57%

9.67%

13.67% 16.91%

3.24%


42

43

Financial Service Providers (FSPs) Operational and Financial Indicators

LegalStatus

Name FYAssets(PGK) m

Equity(PGK) m

Offices Personnel

Depositsto totalassets(WAV)

Numberof activeborrowers'000

GrossLoanPortfolio(PGK) m

ALB perborrower(PGK)(WAV)


Numberof depositaccounts'000

Deposits(PGK) m

Averagedepositaccountbalance(PGK)(WAV)


Return onassets(WAV)

Return onequity(WAV)

MicroBank

KadaPoromanMF

FY 2016

FY 2017

NationwideMicrobank

FY 2016

FY 2017

PeoplesMicro Bank

FY 2016

FY 2017

PNG Microfinance

FY 2016

FY 2017

WomensMicro Bank

FY 2016

FY 2017

Savingsand LoanSociety

Alekano SLSFY 2016

East NewBritain SLS

FY 2016

FY 2017

Manus SLS FY 2016

NCSL

FY 2016

FY 2017

Niu AilanSLS

FY 2016

FY 2017

5.79%

17.05%

0.86%

2.32%

17.03%

12.69%

375.09

402.83

14.74

14.16

39.30

35.16

39.30

35.16

3,025.24

2,515.18

3.94

2.93

1.30

1.17

101.95%

101.17%

38

27

3

3

2.46

1.78

14.46

14.00

-0.96%

7.82%

-0.13%

0.99%

12.68%

12.57%

352.95

390.61

69.05

69.03

195.64

176.72

52.76

176.72

11,500.53

12,372.84

57.22

51.95

4.98

4.20

79.96%

78.42%

188

166

12

11

10.95

11.06

86.35

88.02

8.10%

1.18%

2.39%

0.28%

33.29%

25.12%

702.09

801.28

62.98

61.43

89.71

76.67

89.71

76.67

16,080.85

13,938.75

38.47

32.28

2.39

2.32

62.27%

71.79%

141

118

7

6

33.66

21.50

101.13

85.57

20.12%

-46.80%

1.85%

-4.95%

10.57%

7.93%

1,014.51

968.49

52.14

59.71

51.39

61.65

51.39

61.65

12,762.35

13,771.67

37.62

41.63

2.95

3.02

80.61%

84.77%

162

162

9

11

6.84

5.59

64.68

70.43

-51.18%

-53.94%

-22.22%

-31.11%

38.49%

48.72%

238.93

233.76

4.77

3.54

19.96

15.12

19.73

14.69

4,517.13

2,498.16

2.02

0.80

0.45

0.32

55.81%

44.53%

36

23

2

4

3.29

3.87

8.54

7.94

-73.00%3.60%-6.47%436.054.219.668.694,838.976.451.3369.63%272-0.396.05

57.40%

-2.09%

4.65%

-0.12%

8.70%

7.47%

976.98

1,024.27

31.33

30.17

32.07

29.45

26.41

24.30

8,031.55

7,982.97

16.06

15.97

2.00

2.00

88.51%

89.61%

45

50

5

5

3.08

2.51

35.40

33.66

-10.20%-3.12%30.60%607.935.328.768.682,728.322.120.7865.34%912.498.15

13.69%

27.26%

1.26%

3.01%

8.50%

9.93%

1,444.89

1,519.12

142.80

127.17

98.83

83.72

98.83

83.72

2,717.69

2,858.45

63.54

51.97

23.38

18.18

90.44%

87.67%

69

67

19

19

13.41

14.41

157.90

145.07

32.59%

-0.90%

4.68%

-0.11%

16.49%

12.11%

1,081.46

1,026.05

14.68

13.18

13.57

12.84

10.50

10.31

2,305.15

2,017.98

6.55

7.13

2.84

3.54

82.45%

79.41%

21

21

3

3

2.94

2.01

17.80

16.59

This section provides information for all the FSPs that have reported to MIX for FY 2015 and FY 2016. The blank values here means either the FSP has not submitted the data or the data is not applicable for them.

44

Financial Service Providers (FSPs) Operational and Financial Indicators

Legal Status Name FYFinancialrevenue /assets (WAV)

Profit margin(WAV)

Yield on grossloan portfolio(WAV)

Total expense /assets (WAV)

Financialexpense/assets

(WAV)

Cost perborrower (PGK)

(WAV)

Borrowers perstaff member(WAV)

Depositaccounts perstaff member(WAV)

Portfolio at risk> 30 days(WAV)

Portfolio at risk> 90 days(WAV)

Micro Bank

KadaPoroman MF

FY 2016

FY 2017

NationwideMicrobank

FY 2016

FY 2017

PeoplesMicro Bank

FY 2016

FY 2017

PNGMicrofinance

FY 2016

FY 2017

WomensMicro Bank

FY 2016

FY 2017

Savings andLoan Society

Alekano SLS FY 2016

East NewBritain SLS

FY 2016

FY 2017

Manus SLS FY 2016

NCSL

FY 2016

FY 2017

Niu Ailan SLS

FY 2016

FY 2017

18.43%

42.28%

24.48%

100.00%

1,034.13

1,302.11

34.29

43.15

1,847.43

491.63

0.00%

0.00%

16.02%

15.12%

65.81%

47.07%

11.49%

17.98%

18.10%

18.44%

4.99%

2.37%

5.92%

3.35%

1,040.61

1,064.57

26.46

25.30

3,912.41

4,408.99

1.51%

1.24%

23.73%

22.81%

39.25%

38.53%

4.17%

6.02%

24.76%

24.27%

5.15%

2.96%

13.79%

3.49%

636.21

649.71

16.96

19.63

3,657.46

3,214.32

0.52%

0.55%

10.68%

11.16%

23.43%

22.30%

18.69%

2.46%

13.14%

11.44%

13.24%

12.27%

14.37%

13.94%

317.24

380.57

18.20

18.66

4,865.21

5,354.44

1.24%

1.16%

25.50%

29.11%

43.65%

35.33%

6.76%

-20.51%

27.35%

24.16%

5.07%

2.96%

8.23%

4.41%

554.31

657.52

12.42

13.87

8,056.21

9,726.20

0.00%

0.00%

112.32%

39.08%

75.05%

35.49%

-145.97%

-390.37%

15.22%

7.97%

81.11%98.00%357.7049.33297.360.80%5.68%7.73%38.75%9.28%

21.69%

39.59%

27.59%

45.90%

712.56

589.02

44.44

40.00

1,817.79

1,629.67

2.45%

2.51%

12.62%

17.71%

21.72%

21.92%

33.18%

-0.68%

14.01%

17.59%

77.35%91.70%972.8986.22998.670.00%9.99%8.95%-45.49%6.87%

11.80%

12.74%

19.68%

26.91%

1,432.36

1,249.48

338.86

271.37

419.99

433.02

3.45%

1.03%

9.85%

7.92%

13.83%

12.77%

11.32%

27.55%

11.11%

10.93%

91.65%

42.84%

94.81%

47.60%

646.33

611.57

135.29

168.33

302.06

260.74

1.69%

1.64%

7.58%

7.57%

16.52%

12.78%

38.20%

-1.48%

12.26%

7.46%

This section provides information for all the FSPs that have reported to MIX for FY 2015 and FY 2016. The blank values here means either the FSP has not submitted the data or the data is not applicable for them.

45


MIX Team Credits:

Kimzo Imchen,Junior Analyst, Asia

Mohita Khamar,Market Intelligence Lead

Editors:

Nikhil Gehani,Director of Marketing and Communications

Henry Bruce,Product Manager

Sachin HiraniRegional Manager, Asia and the Pacific

Partner Team Credits:

Loi Bakani,Chairman and Governor

Bank of Papua New Guinea

Ellison LW PidikAssistant Governor

Financial System Stability GroupBank of Papua New Guinea

Saliya J. Ranasinghe,Director,

Centre for Excellence in Financial Inclusion (CEFI)

Moses Roth Nambil,Analyst, Macroprudential Supervision Unit

Bank of Papua New Guinea

Paul HukahuProject Monitoring Specialist

Microfinance Expansion Project

Disclaimer: This publication is available for use in research and analysis. Data and content may only be used for non-commercial purposes. If the material is published or distributed, itshould be attributed to MIX with the appropriate citation. MIX has taken due care and caution in preparing this report, it has obtained the information from the institutions. Thus MIX relieson the information submitted and does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors in transmission.

46

Glossary


Please refer to link [ https://www.themix.org/glossary ] to view the detailed glossary of MIX Market indicator and ratios.

Indicator names and its formulas:

Assets - Formula: Not applicableAverage assets - Formula: Mean value calculated on the basis of total assets between two consecutive periods, including monthly, quarterly and annual data if available.Average deposit balance per account - Formula: Deposits/ Number of deposit accountsAverage equity - Formula: Methodology of average calculation is same as explained for Average Assets.Average gross loan portfolio: Methodology of average calculation is same as explained for Average Assets.Average loan balance per borrower - Formula: Gross loan portfolio/ Number of active borrowers

Borrowers per Staffmember: Formula: Number of Active Borrowers / Personnel

Capital to Assets ratio: Formula: Total Equity/ Total AssetsCost per borrower - Formula: Operating expense/ Average number of active borrowersCost per deposit accounts:

Deposit accounts per staff member - Formula: Number of deposit accounts / Number of personnelDeposits - Formula: Not applicableDeposits to total assets - Formula: Total Deposits / Total Assets

Equity - Formula: Not applicable

Financial expense / assets - Formula: Financial expense on funding liabilities / Average assetsFinancial revenue / assets - Formula: Financial revenue/ Average assets

Gross Loan Portfolio - Formula: Not applicableGross Loan Portfolio to Total Assets: Formula: Gross loan portfolio / Total Asset

Loan to deposit: Formula: Gross loan portfolio/ Total Deposit

Number of active borrowers - Formula: Not applicableNumber of deposit accounts - Formula: Not applicableNumber of depositors - Formula: Not applicableNumber of offices - Formula: Not applicable

Operating expense / loan portfolio - Formula: Operating expense / Average gross loan portfolioOperational self sufficiency - Formula: Financial revenue / (Financial expense on funding liabilities + Net Impairment Loss on gross loan portfolio + Operating expense)

Personnel - Formula: Not applicablePortfolio at risk > 30 days (%) - Formula: (Outstanding balance, portfolio overdue > 30 days + Renegotiated loans)/ Gross loan portfolioPortfolio at risk > 90 days (%) - Formula: (Outstanding balance, portfolio overdue > 90 days + Renegotiated loans) / Gross Loan PortfolioProfit margin - Formula: Net operating income/ Financial revenue

Return on assets - Formula: (Net operating income, less Taxes)/ Average assetsReturn on equity - Formula: (Net operating income, less Taxes)/ Average equityRisk coverage - Formula: Impairment loss allowance/ PAR > 30 days

Total expense / assets - Formula: (Financial expense on funding liabilities + Impairment loss (reversal of impairment loss on gross loan portfolio) + Operating expense) / Averageassets

Yield on gross portfolio (nominal) - Formula: Financial revenue from loans/ Average gross loan portfolio

47


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