In 2018, Credit Corporation marked 40 years since its foundation as an incorporated company in 1978.
We are proud to be an institution that can truly lay claim to have grown with Papua New Guinea as an independent nation, alongside the South Pacific economy.
In our first year of operations alone, the company achieved profits of K38,000 supported by net assets of approximately K500,000.
Credit Corporation was also one of the first PNG Companies to spread its wings into our Pacific region. Today, along with our PNG operations, we have operations in Fiji, Solomon Islands, Vanuatu and Timor-Leste.
Impressively, we now operate viable asset finance companies in five countries, rent out prime benchmark residential and commercial properties in PNG, and are the founding significant investor in the largest listed PNG entity, Bank South Pacific.
In recent years we have made a seamless transition from a “founder-driven” business model to a maturing corporation with strong operating systems, needed to ensure Credit Corporation’s success and continued growth in the coming years.
Credit Corporation is poised to build on the solid foundations established over the past 40 years, and take advantage of the challenges and opportunities well into the future.