Category: Members Notice

We kindly advise you that due to routine maintenance, all NCSL digital services will be inaccessible from Sunday 31st March at 10:00pm to 2am:00 on Monday 01 April, 2024.

Services are expected to return to normal after the stated maintenance window.

We apologise for the any inconvenience caused.

NCSL Management

Thank you for being our Member

Tags digital, ICT, maintenance, ncsl, Routine, scheduled, services

Members Notice

Early Closure – NCSL Branches

Post author By Jacob Tiko Oii Segodi
Post date March 28, 2024
No Comments on Early Closure – NCSL Branches

Dear Values Members

Our branches will close at 2pm today for Easter long weekend.

We encourage members to utilize the available digital services.

For further assistance, please reach out to our call Centre team on phone 207 2000 or email callcentre@ncsl.com.pg

We re-open to you on Tuesday, 02 April 2024

Wishing you and your family a Joyful and Blessed Easter.

NCSL Management

Tags blessed, days, easter, holidays, joyful, long, ncsl, rest, weekend

Members Notice Notice of the day

Easter Holiday Notice

Dear Valued members

Please note that we will be closed on the following days for Easter.
– Good Friday – Friday, 29th March 2024
– Easter Monday – Monday, 01 April 2024

In the Meantime, you can continue to have access to our savings and loan products and services through our mobile phone (*628#) and internet services.

We re-open to server you on Tuesday,02 April 2024.

We wish you and your family a Joyful and Blessed Easter.

NCSL Staff & Management

Thank you for being our Member

Tags closed, contributors, easter, greetings, holiday, loans, nasfund, ncsl, office, public, savings, society

Media Release Members Notice

NCSL announces 2023 Profit of K 9.7 million

Post author By Jacob Tiko Oii Segodi
Post date March 26, 2024
No Comments on NCSL announces 2023 Profit of K 9.7 million

At its Board meeting on Friday, 22nd March 2024, NASFUND Contributors Savings and Loan Limited (NCSL) received the audited accounts for 2023 and announced a net profit of K 9.7 million for the 2023 financial year.

After 20% statutory reserving, this will be credited overnight to the savings accounts of the more than 147,000 members and paid in addition to the current interest rates which members are already receiving on their savings accounts.

This is a total of 4.15% for the 2023 financial year equating to K 11.6 million in interest on savings for NCSL members.

Other Financial highlights of 2023 were:

· Total Assets increased by 1.4% to K 316 million.

· Net Assets of K36.3 million.

· General Reserves increased by 8.2% to K 25.8 million,

· Total membership increased by 3.1% to 146,765 members,

· Members Savings increased by 2.5 % to K 274.5 million,

· Net Loan portfolio increased by 9.6% to K 152.8 million.

NCSL’s Chairman, Christopher Elphick thanked the support, patience, and trust which NCSL received from its members over 2023. During the year an extensive remediation process to improve Information Technology Risk Management was successfully undertaken.

The NCSL Board approved and embarked on a significant upgrade to its core systems to ensure modern digital offerings for its growing membership nationwide. A new call-centre system has been implemented so member queries are promptly answered. This includes NCSL employees receiving improved training with a more customer centric focus.

Elphick thanked his dedicated NCSL team and stated, NCSL remains committed to delivering modern digital services and affordable financial services to its members.