TISA Bank: From Teachers' Cooperative to Commercial Banking Powerhouse
TISA Bank, formerly the Teachers Savings and Loan Society, has been featured in Exepreneur Magazine following its successful transition to a fully licensed commercial bank in October 2024.
Under the leadership of Group CEO Michael O. Koisen, the bank has evolved from a member-based cooperative for educators into a national financial institution serving over 62,000 members. With assets exceeding PGK 900 million, TISA Bank remains deeply rooted in its values of service and inclusivity, operating with the principle: "Not for Profit, Not for Charity, But for Service."
Now serving a broader customer base, including SMEs and large enterprises, the bank operates branches in Port Moresby, Lae and Mt. Hagen, with plans to expand into underbanked regions such as Wabag, Kerema, Daru and Arawa. TISA’s adoption of Oracle's Flexcube core banking system reflects its commitment to innovation and accessible banking.
TISA’s transformation is a significant milestone in advancing financial inclusion in Papua New Guinea, showcasing the power of values-based banking in action.