Port Moresby – March 27, 2025 – At its recent Board meeting, NCSL Savings & Loan Society Limited (NCSL), Papua New Guinea’s largest member owned society, announced a profit of K15.4m for the 2025 Financial Year, resulting in a total of K17.6m paid in interest to the savings accounts of its, more than 165,000 members.

The amount of K17.6m comprises K11.0m in bonus interest (or 5.4%) which will be credited directly to members’ General Savings account on Wednesday, April 1, 2026, on top of the K6.6m already paid during the year through interim interest. This is a clear demonstration of NCSL’s unwavering commitment to delivering tangible value to its members.

2025: A Year for Change The 2025 profit reflects NCSL’s resilience and dedication through a transformative year. Despite economic pressures and the complexity of our systems transformation, NCSL continued to focus on long-term value creation for members.

2025 Key Financial Highlights:

• Annual Declared Profit: K15,407,972 (2024: K5,420,497)

• Annual Savings Interest: K17,571,725 (2024: K9,803,708)

• Interest Crediting Date: Wednesday 1, April 2026

• Applicable Accounts: General Savings Account & Poro Account

Other Financial Insights from 2025 were:

• Total Assets grew by K4.1m from K351.4m to K355.6m,

• Total Revenue rose by K1.6m to K62.9m,

• Net Income was K15.4m, (after expenses including interim Interest Payment to Members, Loan Provisioning and Core Banking System costs)

• General Reserves increased by 11.4% to K29.9m,

• Total membership grew by 6.8% to 165,157 members,

• Members’ Savings reduced by 2.6% to K301.6m,

• Net Loan portfolio reduced by 2.2% to K167m.

At NCSL, we are committed to being a customer-oriented organisation. We actively engage with our members through awareness programs, making it easier for them to register and access our financial products and services. Our goal is to bring financial services closer to our members through our innovative digital offerings.

AUTHORIZED BY HULALA TOKOME BOARD CHAIRMAN