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TISA pays K21.3 million in bonus interest to members
🇵🇬 Papua New Guinea /Economy & Trade

TISA pays K21.3 million in bonus interest to members

From Post-Courier · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Teachers Savings and Loan Society (TISA) paid K21.3 million in bonus interest to its members for the 2025 financial year.
  • TISA successfully transitioned into a full commercial banking group, achieving record financial performance with group income up 72% to $260.7 million.
  • The bank plans to accelerate loan growth, expand digital capabilities including AI, and focus on financial inclusion and ESG in 2026.

Teachers Savings and Loan Society (TISA) has rewarded its members with K21.3 million in bonus interest for the financial year ending December 31, 2025. Luke Kaul, Acting CEO of TISA Bank, announced that members can access their bonus interest starting tomorrow.

Members will be able to access their bonus interest from their TISA bank accounts from tomorrow.

— Luke KaulAnnouncing the availability of bonus interest for TISA members.

The past financial year marked a significant milestone as TISA transitioned from a savings and loan institution to a full commercial banking group. Despite the complexities of this transformation, the bank reported record financial performance. Group income surged by 72% year-on-year to $260.7 million, and profit after tax rose to K55.9 million, a substantial increase from K22.7 million the previous year. Total assets grew to K1.47 billion, with total equity reaching K616.9 million, positioning the group for future growth.

The insurance business was a major contributor, generating K223 million in revenue. TISA also invested in upgrading its banking systems, expanding digital channels, and enhancing its executive capabilities to meet regulatory demands and customer expectations. The bank is leveraging digital platforms like USSD, WhatsApp banking, and mobile wallets to promote financial inclusion, especially in underserved communities across its 17 provincial locations.

The 2025 financial year marked a defining milestone for TISA. TISA successfully transitioned from a savings and loan institution into a full commercial banking group, while staying true to our member-owned foundation.

— Luke KaulDescribing the bank's successful transition and commitment to its members.

Looking ahead to 2026, TISA aims to accelerate loan growth in corporate, SME, and housing segments. Key priorities include expanding digital capabilities with AI integration, reaching the informal sector through financial literacy programs, and embedding ESG and inclusive green finance to ensure sustainable and impactful growth. Member value remains central to TISA's evolving business model.

Member value remains central to the TISA model, even as the business scales and evolves.

— Luke KaulReiterating the importance of member value in TISA's strategy.
DistantNews Editorial

Originally published by Post-Courier in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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