The Papua New Guinea Teachers Savings & Loan Society will continue to look for opportunities that add value to their members.
On the 16th of this month, TISA realised another milestone, with members of the Police & State Savings & Loan Society agreeing to an acquisition proposal put forward by TISA – believed to be valued at around K17 Million.
At a special AGM, members of the Police & State Savings & Loan Society agreed to TISA’s proposal, effectively having its 6,000 active members now join TISA.
The specific details of this acquisition will be made known in the coming weeks; however, this reinforces TISA’s position as the leading Savings & Loan Society in the country, with a combined portfolio valued at over K600 Million.
And according to TISA Chairman, Gabriel Tai, these developments are a catalyst for a more positive development in the years ahead.
“The Board of TISA has approved a Strategic Management Plan for 2018, 2019 & 2020, which will see TISA streamlining its operations to ensure that optimum returns are realised for the more than 50,000 TISA contributors around the Country,” said Mr Tai.