BFPNG players, technical officials open personal accounts with CreditBank PNG

The Basketball Federation of Papua New Guinea (BFPNG) facilitated a banking information-sharing session, opening personal bank accounts for players and technical officials with the CreditBank PNG at Taurama Aquatic & Indoor Centre (TAIC) on Thursday, 10 September 2026.   

This is the continuation of the overall efforts by the federation to financially empower players and officials, helping them venture into income-earning initiatives, such as SMEs and employment, as well as enhancing governance within basketball.

The session was conducted in two main parts. The first part was an information session where the CreditBank PNG team explained how the bank operates and introduced their various financial products and services to the basketball members. This included information on personal loans, car loans, home loans, savings accounts, and term deposits, as well as how these products can support individuals to manage their finances.

The second part focused on assisting interested players and technical officials to open their personal transaction accounts. The process was very convenient and straightforward. All the players and officials who attended the session were able to open their accounts. Some participants received their bank cards instantly, while others applied for Visa cards.

BFPNG President David Peter said: “The federation is not only about playing basketball but also wants to build an institution that will prepare young men and women to be competitive in sports, education, profession, and in business. 

“We work closely with academic institutions to educate our players, get them interested in business, skills training, etc. Our vision is to be the best in the Pacific, both on and off the court, and our programs go beyond courts and life after basketball. 

“Many of the players, officials, and volunteers do not have bank accounts. They receive their income to sustain their living through basketball, and we want to ensure they have a bank account so they can be paid through their accounts, so we have records of payment and further improve our reporting systems.”

President Peter added that the personal account opening for the basketball players and officials will make BFPNG’s payment system seamless and efficient, while thanking CreditBank PNG for being its banking partner.

“The initiative is part of the federation’s efforts to improve the way we manage payments to our technical officials and players, particularly by enabling allowances and other payments to be made directly into their personal accounts,” he explained.

“We sincerely thank the CreditBank PNG team for taking the time to visit us and provide this valuable opportunity to our basketball community. We believe this is the beginning of a positive collaboration that can create further financial and entrepreneurship opportunities for our players and officials.”