NCSL Reports Strong Growth, Tripling Net Profit in 2025

The Nasfund Contributors Savings and Loan Society (NCSL) has demonstrated remarkable financial health, with its Chairman, Hulala Tokome, announcing a near threefold increase in net profit for 2025. This strong performance, reaching K15.4 million, is a testament to the society's robust management and the growing trust placed in it by its members.

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The Nasfund Contributors Savings and Loan Society (NCSL) recorded a net profit of K15.4 million in 2025, nearly triple its 2024 result of K5.4 million.

The figures presented at the 11th Annual General Meeting paint a picture of substantial growth across key metrics. Total assets have swelled to K355 million, and the membership base has expanded by 6.8 percent, now standing at 165,000 individuals across Papua New Guinea. This expansion signifies NCSL's increasing reach and importance in the lives of ordinary Papua New Guineans, providing essential savings and loan facilities.

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Total assets rose to K355 million, while membership grew by 6.8 percent to 165,000 nationwide.

Furthermore, the strengthening of general reserves to K29.9 million underscores NCSL's commitment to long-term stability and security for its contributors. In a nation where financial security is a constant concern for many, such a solid financial footing is not just an economic achievement but a source of reassurance for the entire membership. The Post-Courier, as a leading voice in Papua New Guinea, highlights this success as a positive indicator for the nation's financial sector and a win for its citizens.

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General reserves strengthened to K29.9 million, reinforcing long-term stability.