NCSL

Get your Poro card: NCSL

The NCSL Electronic Banking (e-banking team) can be reached on email: ebanking@ncsl.com.pg or through landlines: 313 2069, 313 2067 or 313 2068.

The Poro Debit Card is a bank card which can be used on any commercial bank ATM and POS terminal.   

It is now a mandatory requirement that all processed loans, transfers and refunds proceeds at NCSL are disbursed via the Poro Account. These funds can then be accessed via your Poro card at the ATMs and POS terminals.

(Staff of Kaupena Health Centre with their Poro cards)

NCSL partners with driving school

Drive Safe Training PNG (DST-PNG) in Port Moresby offers 12.5 percent discount to NCSL membership in National Capital District (NCD).

DST-PNG is currently the only registered driving school with a dual driving car for driving lessons in PNG, with their office located within the Malagan Complex at Boroko, along Reke Street.  

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Permanent home built from NCSL savings

The couple recently completed their high covenant three-bedroom house just in time for 2019 Christmas and the 2020 New Year celebrations. 

Gole is currently employed by Kutmor Ltd and said she came to know about NCSL through a colleague, who is also a fellow NCSL member.

The construction of the dream home took close to two years for full completion. Gole said having a goal such as building a house was not an easy feat, as one has to be strict with savings.

NCSL EFTPOS installed at POM shop

Electronic banking manager, Vavine Iamo, confirmed that there are currently three NCSL Point of Sale (PoS) terminals available for members to use whenever doing transactions using their Poro cards, and other bank cards.

Iamo said when paying for their shopping on the NCSL PoS terminals, members and the general public will be charged a low transaction fee of only 25 toea for every purchase.

NCSL conducting merchants’ training

The refresher trainings are necessary to train checkout operators on how to operate and use the Poro card on NCSL Electronic Fund Transfer at Point of Sale (EFTPOS) terminals and also allow them to familiarise themselves with these terminals.

The NCSL terminal is a dual sim touch screen terminal, which was introduced to the market in June last year and can accommodate:

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NCSL’s investment pays off

CAL is a joint venture company which was incorporated in February 2016 and specialises in software development.

The company was established with a share capital of K1,000. NCSL has a 51 percent shareholding while Software Factory Limited holds the other 49 percent.

After three years of successful operation and on conclusion of the audit of its 2018 financial statements, the Board of CAL declared total dividends of K200,000 with NCSL receiving K102,000 and Software Factory Limited receiving the balance. CAL now has net assets totaling K812,000.

NCSL members urged to register for debit card

This in preparation for the launch of its debit card offering and Point of Sale terminals by the end of the first quarter 2019.

NCSL General Manager, Vari Lahui, said a debit card will be issued to each member when he/she applies for a NCSL Transaction Account.

The application form for the transaction account is available on the NCSL website for members.

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Students informed of savings benefit

Students from Kopkop Colleague received financial awareness from the NASFUND Savings & Loans (NCSL) on the importance of savings.

NCSL’s Marketing Officer, Jasper Kinaram, spoke to students of the ages 7 up to 12. He said Financial literacy is important for everyone and must be taught at an early age.

Kinaram spoke about the NCSL’s Kids Savings Account (KSA) which he said is a trustee account for children who are under the age of 18 years.

NCSL aims to encourage saving culture

NASFUND Contributors Savings & Loan Society Limited (NCSL) in this aspect continues to carry out financial awareness to not only urban townships but rural areas as well.

NCSL Bialla Branch officer, Willie Sesega recently conducted a week long awareness program to the people of Central and East Nakanai in Bialla, West New Britain province.

The training was on the importance and benefits of saving money.

NCSL opens new branch

This follows the official opening of its new stand-alone branch in Port Moresby to serve members.

In a statement, NCSL says the development is part of a strategic plan to develop their own branch network and implement initiatives to strengthen its position as the fastest growing savings & loan society in the country with a healthy record of returns for members.