Today, the Teachers Savings and Loan Society Group (TISA Group) announced a profit of K50.4 million after taxes and a record balance sheet of K1.18 billion for the 2023 financial year. 

In an announcement today, Board Chairman Gabriel Tai said, “TISA has made a modest total income increase of K2.1 million in 2023 and an increase in Group Assets by 4% to K1.182 billion compared to 2022. 

The Company has demonstrated resilience and strategic growth despite a challenging financial year. 

“I am pleased to announce that the TISA Board has approved an Additional Bonus Interest of 7%, which will be credited to all our members Yumi Accounts for the financial year ending 31 December 2023.” 

This 7%, equivalent to K24.29 million, will be paid to members' Yumi Accounts based on their general savings balances as of 31 December 2023. 

“Members will be able to access the 7% interest in their Yumi accounts tomorrow.” 

This is the 6th consecutive year that TISA has declared a 7% interest for its members. 

The interest payout to members savings accounts for the year 2023 are: 

• 2% interest that is credited annually to the members’ General Savings Accounts; 
• 2% interest that is credited annually to the members’ Yumi Accounts (Transaction Accounts) and; 
• 6% interest is credited annually to members with other savings accounts. 
• 7% is an additional bonus interest is paid to members’ General Savings Accounts balance as of 31 December 2023 into Yumi Accounts (Transaction Accounts) 

“We are excited about the opportunities that lie before us. The financial landscape is evolving rapidly, driven by technological advancements, changing consumer preferences and global trends.” 

“As we embrace these changes, we remain committed to staying true to our values and fulfilling our mission of helping people build sustainable wealth.” 

TISA’s commitment to serving extends beyond rhetoric; it is embedded in our DNA. 

“In closing, I extend my heartful gratitude to our valued members and customers for their continued loyalty, trust, and support. 

I also thank our dedicated employees, whose hard work and dedication are the driving force behind our success and our partners and stakeholders for your continued support.”