Tisa Community Finance Limited (TCF) has officially rebranded as TISA Bank following the recent grant of a banking license by the Bank of Papua New Guinea (BPNG). This significant milestone marks TISA Bank’s evolution into a fully-fledged commercial bank, further solidifying its role in the financial landscape of the nation.
In a statement in August 2024, the Chairman of TISA Group expresse enthusiasm about this transformation.
“As the Chairman of TISA Group, I am delighted to announce this major milestone in our journey,” he stated. “TISA Bank is committed to delivering innovative banking solutions tailored to the diverse needs of businesses, communities, and individuals across Papua New Guinea.” Gabriel Tai said.
TISA Bank will operate under the guiding principles of its parent organization, Teachers Savings and Loan Society Ltd, focusing on the core values of People, Prosperity, and the Planet. The bank’s strategic focus includes offering comprehensive banking services through advanced digital platforms, mobile banking solutions, and an agency banking model, enabling customers to access services conveniently and efficiently.
As a proud member of the Global Alliance for Banking on Values, TISA Bank emphasizes its commitment to ethical banking practices that prioritize social and environmental responsibility. “We strive to make a positive impact on society and the environment, aligning with our core values and the needs of our stakeholders,” the Chairman added.
With a legacy spanning over fifty years, TISA Bank aims to expand its reach to remote and underserved regions. The institution aligns itself with the Bank of Papua New Guinea’s goals for financial inclusion and green finance, ensuring that all Papua New Guineans have access to quality banking services.
“TISA Bank represents our commitment to enhancing banking services for the people of Papua New Guinea and serving as a pillar of support for our customers and their communities,” the Chairman remarked. “We are excited about this new chapter in our journey and invite everyone to join us in creating a brighter future for Papua New Guinea.”
As TISA Bank embarks on this promising new phase, stakeholders are encouraged to look forward to innovative banking solutions that uphold the values of community, growth, and sustainability, setting a new benchmark for banking in Papua New Guinea.