Well, great news for the 80, 000 plus members of the Teachers Savings & Loans Society (TISA), they can expect a 7% bounce interest paid to their Yumi accounts and be able to access it tomorrow, Friday 6th June. This was announced this morning in Port Moresby city by the Chairman of TISA Mr. Gabriel Tai when giving a live stream presentation on the performance results of the 2024 financial year, describing it as a great year of financial performance. In 2024, TISA continued to deliver on its promise of helping members save, borrow, and build toward a secure and dignified future. “We remain committed to creating value not only through financial returns but through trust, transparency, and long-term impact. We believe that real growth happens when we invest in people- our members, our commodities, and our staff. That is the TISA way, and it is why our mutual model continues to stand strong in a changing world,” said Chairman Tai. TISA Savings and Loans made:

• A profit of K62.2 million after taxes and a robust balance sheet of K0.99 billion for the 2024 financial year.
• A total income increase of K42 million in 2024 and a modest decrease in Assets by 2% to K0.99 billion compared to 2023.

In 2024, the TISA group achieved an overall profit of K22.7 million, with a Total Group Assets increasing by 22% to K1.39 billion compared to the previous year. “Although our insurance and banking verticals incurred losses, TISA still managed to generate profits at the Group level,” said Mr. Tai. TISA maintained strong financial and operational performance, continued to grow its member base and reinvested earnings into technology, staff development, and member benefits. “I am pleased to announce that the TISA Board has approved an additional Bonus Interest of 7%, which will be credited to all our members’ Yumi Accounts with TISA Bank for the financial year ending 31st December 2024.” This 7% is equivalent to approximately K24.5 million in total to be paid to all TISA members accounts. “Members will be able to access the 7% interest in their Yumi accounts tomorrow.” This achievement shows TISA Group’s commitment to providing value and benefits to its members. Meanwhile Mr. Michael Koisen, Group Chief Executive Officer (CEO) for Teachers Savings and Loan Society (TISA), explained that the 7% has been consistently paid to members over the years as per the Savings and Loans Legislation. “We’ve never gone below that 7%. If the legislation allowed us, we could pay more, depending on the profits we make and the board’s decision, but the Savings and Loans Legislation limits us to paying only 7%. If you’re not in the Savings and Loans Legislation, you can pay more depending on profits you make. So, 7% last year was about K24 million, this year the same, K24 million," said Mr. Koisen.