Teachers Savings & Loan Society Limited - Employer Profile

Teachers Savings and Loan Society Ltd, is the largest, strongest, and most successful savings and loan society in Papua New Guinea.

Teachers Savings and Loan Society Limited holds investments in Credit Corporation (PNG) Ltd, Bank South Pacific Ltd, Airlines PNG Ltd, Capital Life Insurance Ltd and owns a number of commercial properties. Dividends and rents contribute to operational costs and returns in the form of interest and service back to members.

It is required by the Savings and Loan Societies Act (Amended 1995) that 20% of annual net operational profits must be put aside in a General Reserve Fund. All remaining operational surplus after this provision, is paid into members General Savings Accounts (S1) as additional interest.

It is the Society's policy not to use capital gains for operational costs or deposit interest.

The Society has more than 48,000 members nationwide. Today, Membership consists of registered teachers and Public Servants nationwide. Current branch network extends to seventeen (17) branches nationwide. It is the Society's intention to establish branches in all the provinces in Papua New Guinea where feasible.

There are currently no jobs listed for Teachers Savings & Loan Society Limited.