10/04/2025
TISA Bank: A new era of banking with the Heart for Papua New Guinea.
Born from the Teachers Savings and Loan Society Limited (TISA)—a 50-year-old institution that’s been a lifeline for educators—TISA Bank is now a fully licensed commercial bank, ready to serve not just teachers but everyday Papua New Guineans, small businesses, and big players alike under the leadership of its visionary Group CEO Michael Koisen.
With banking license from the Bank of Papua New Guinea tucked under its belt since October 8, 2024, TISA Bank is hitting the ground running, blending its deep-rooted community spirit with a bold vision for the future.
TISA Bank’s journey started in 1972. It started as a savings and loan society for PNG’s teachers. Back then, it was all about giving educators a way to save a little extra and borrow when times got tough. Fast forward to today, and that small cooperative has grown into a new bank.
By 2024, it had over 62,000 members and a hefty K900 million in assets—a far cry from its modest beginnings.
The big leap came when TISA Community Finance Limited, a subsidiary of TISA, transformed into TISA Bank Limited. On October 8, 2024, it officially became a commercial bank, joining an elite club as one of only two new banks licensed that year by the Bank of PNG.
This wasn’t just a name change—it was a signal that TISA was ready to take its “People First” ethos to the next level, serving a broader slice of PNG’s population with the same care it’s shown teachers for decades.
With just three branches so far—Port Moresby, Lae, and Mt. Hagen—it’s already got big plans to expand into places like Wabag, Kerema, Daru, and Arawa. That’s not just growth for growth’s sake; it’s about reaching those large unbank population.
But it’s not all about flashy features. TISA Bank’s sticking to its cooperative roots with a “Not for Profit, Not for Charity, But for Service” mindset. That means competitive products for small businesses, everyday folks, and even corporates, all designed to make life easier in a country where banking’s often been out of reach.
The bank’s already leaning into tech, with a new core banking system from Oracle and Profinch, aiming to keep things smooth and customer-friendly.
This is a bank that knows where it came from and where it’s going. It’s not just about raking in profits—it’s about lifting up PNG, one account at a time.
Whether it’s a teacher in Lae saving for a rainy day or a small business owner in Mt. Hagen looking to grow, TISA Bank’s got their back. And with plans to stretch its wings across the Pacific someday, it’s clear this is only the beginning.