NCSL confident to produce results

National

Nasfund Contributors Savings & Loans Society (NCSL) is confident it will continue to deliver positive results for its members this year.
Chairman Ian Tarutia said the board was confident of the long-term plans in place.
“From a board’s perspective, we anticipated that this year, economy wise, would still be another subdued year,” he said. There were anticipations that certain major resource projects would have been ticked and signed which would provide that stimulus into the economy in terms of foreign exchange inflows, in terms of opportunities of creating new employment.
“But you know that has not happened as yet.
“Discussions are taking place so from a macroeconomic environment, it was going to be another challenging year.
“From NCSL’s perspective, and the board, we are driven by long-term plans.
“While we are going through some tough times now, there are certain initiatives to ensure that we maintain growth.
“We are ticking off the boxes of our key indicators in terms of growing our lending book.
“There is always a demand for financial services that we offer – savings and loans.
“While the big environment may be challenged, it’s the action plans that are in place that are still enabling us to see the growth that we are experiencing.”
Tarutia said “we are all part of a bigger ecosystem”.
“Other financial intuitions are also providing similar service and they too have their own challenges,” he said.
“But for us, it’s the relationships that we have with our members through their respective employers and that is what we will continue to maintain.”

One thought on “NCSL confident to produce results

  • Starting this week no one in NCSL we’ve been calling all different numbers and emailing but no response. Its a big set back for such a financial institution like this to abandon their valued customers in this time of great concern.

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