Company Information

Get to know Mining & Petroleum Savings & Loan Society

Established in 1973 as the Bougainville Copper Limited Savings and Loan Society, the organization was rebranded as Mining and Petroleum Savings and Loan Society Limited (MPSL) in 2017. It is a member-owned society regulated by the Bank of Papua New Guinea. MPSL's mission is to provide secure, competitive, and accessible financial services to its members, who are predominantly from the mining, petroleum, and gas industries, along with their associated contractors. The society offers a range of products including various savings accounts, personal loans, and other financial services tailored to its membership base.

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Financial BankingPRIMARY
Financial Other Service

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Mining & Petroleum Savings & Loan Society

Papua new Guinea

Founded in

1989 (37 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.