Society opens new office, extends service to members

Business

THE Nambawan Savings and Loans Society (NSLS) opened a new head office and member service centre along Waigani Drive in Port Moresby last week to reach out to members.
Newly-appointed chief executive John Solok said unlike the past where NSLS would focus primarily on Nambawan Super Ltd members, NSLS now would focus on private-sector employees and strategic informal sector as well.
The new office is located on the first floor of the Aopi Centre.
The office space will cater for up to 20 staff and the member service centre can take up to 20 members at a time.
Solok thanked Nambawan Super Ltd for supporting NSLS over the past 10 years, starting then as a one-man operation in 2010 to now an expanded operation with more than 14 staff and branches in all major towns in Papua New Guinea.
“The new office and service centre is part of the new-look NSLS, a society that aims to becoming the number one in class savings and loans society in PNG in terms of customer service standards, quality products and prudent management of members’ hard-earned savings.”
NSLS chairman John Cholai said the office was an important asset to drive key initiatives identified in the new strategic plan.
He said they were looking at launching the one is to two (1:2) lending ratio before the end of the year, adding that the 1:2 lending ratio would enable the society to venture into other long-term savings products.
Bank of PNG assistant governor Ellison Pidik said a savings and loans society was important for members to have access to funds for short term whereas a superannuation fund was for long term retirement benefits.

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