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Media Release

NCSL: Championing a Smarter Way to Save in Papua New Guinea

In a time when financial decisions matter more than ever, NCSL Savings and Loan Society is
esteemed to stand as a member owned not-for-profit institution committed to helping Papua New
Guineans to build a better financial future.
NCSL is not just another financial service provider; we are your partner in progress, working with
employers across the country to champion a strong savings culture in the workforce. We offer secure
savings options, low-interest loans, and digital services that make managing your money easier,
faster, and more accessible whenever and wherever you are.
We are passionate about improving the quality of life for our members by offering financial products
and services that are practical, simple and affordable,
Before you decide where to save or borrow, always check and compare the interest rates. It might
cost you some time, but this can save you hundreds of Kinas. Make informed choices and you will
see why more Papua New Guineans who have to work hard for their money and care for their family,
are choosing NCSL as their preferred savings and loan society.
Join us by becoming a member and you will experience that we care about you and your family
throughout your financial journey.

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Members Notice/Update (Archives)

Digital services restored

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Members Notice/Update (Archives) Public Notice Archives

Delay in Payments to Members with BSP Accounts

Dear Valued Members,

We continue to experience issues with processing payments via BSP. We are anow processing payments to our BSP members accounts via Kina Bank. This may cause a slight delay in funds being credited to members BSP accounts, and we apologize for any inconvenience this may cause.

Members are advised to provide bank accounts in alternate commercial banks for faster processing.

We are working closely with Kina Bank and BSP to manage this process.

Thank you for your patience and understanding.

Authorized by Management

Categories
Members Update Public Notice Archives

Timely Allocation Of Contributions From Employers

Dear Valued Members,

We are currently experiencing delays with timely allocation of employer contributions due to BSP’s new core banking system. The new does not allow NCSL to download bank statements with complete descriptions on deposits

Members are encouraged to use alternative bank accounts listed below when transferring contributions.

Your cooperation is greatly appreciated as we work with BSP to resolve this issue. If you have any questions or concerns, please contact our call centre on +675 207 2000.

Authorized by Management

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