30.7 C
Port Moresby
November 28, 2021
Business Featured News

Active Members of Police and State Savings & Loans Society to Become TISA Members

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.

Related posts

Medical Supply Concern Intensifies

EMTV Online

Senior Fire Fighter: Lae Station Ill Equiped, Lacks Capacity

EMTV Online

Trinidadian Writer Kevin Jared Hosein Wins ‘2018 COMMONWEALTH SHORT STORY’ Prize

Jana Zoriry
error: Content is protected !!