NCSL Savings and Loan Society Limited has delivered K9.8 million in 2024 interest to its members and eyes bold growth for the future. At its recent board meeting, NCSL announced a profit of K5.5 million for 2024 financial year, resulting in a total of K9.8 million paid in interest to its more than 150,000 members. The Savings and Loan Society said that the K9.8 million comprises of K4.3 million in bonus interest was credited directly to members savings accounts on Monday 5th May 2025, on top of K5.5 million already paid through interim interest. “The 2024 profit reflects NCSL’s resilience and dedication through a transformative year. Despite economic pressures and the complexity of our systems transformation, NCSL continued to focus on long-term value creation for members. In 2024, the NCSL team successfully navigated one of the most critical transformation programs in our society’s history. We acknowledge it wasn’t easy, and we are incredibly thankful for the ongoing loyalty of our members, employers, and staff. Because of your support, we are now, well-positioned for growth,” said NCSL Chairman Elphick. 2024 key financial highlights: Annual declared profit: K5. 5 million Annual savings interest: K9.8 million Interest Crediting date: Monday 05, May 2025 Applicable Accounts: All savings Accounts NSCL Chairman said during 2024 NCSL paid an interim interest of K5.5 million to members savings and after compulsory statutory reserve allocation of 20%. “NSCL will be paying an additional K4.3 million in interest to members. This is a total of K9.8 million in interest on savings to members. With our core banking transformation now substantially complete, NCSL is entering an exciting phase of digital and operational enhancement. In 2025, society will roll out a new suite of digital services and member engagement platforms aimed at making savings, lending and financial planning more accessible and efficient for all our valued members,” he added.