About Us
Over 40 years ago Air Niugini Savings and Loan Society Ltd (ANGSL) was among a handful of establishments that complimented the initial steps of an embryonic state into self governance. The whole establishment was to cater for the country’s very own airline, Air Niugini. Time and the elasticity of policy has enabled ANGSL to open it’s provisions to a much wider population in the country. ANGSL is regulated by the Bank of Papua New Guinea under the Savings & Loan Societies Act 1995 (amended), and is a member of the Federation of Savings & Loan Societies (FESALOS). Other affiliations include the Oceania Confederation of Credit Union Leagues (OCCUL) and the Association of Asian Confederation of Credit Unions (ACCU) respectively.
Over the years, thousands of Papua New Guineans have been supported by ANGSL one way or another. We will do our best to improve and expand our reach with the help of our shareholders, our board and management team that attribute to the operations of the business, to do so, ANGSL keeps forging partnerships to enhance membership privileges. From travel and accommodation discounts to 80% medical coverage, our members can save to spend and save on spending at the same time.
MEMBERSHIP
Membership is open to employees of Air Niugini Ltd, its contractors and service providers including other workers employed in Transport, Hospitality and Tourism industry. Public servants and Private employees can also become members of ANGSL.
SERVICES
ANGSL offers a range of Savings, Loans, Fixed Term Deposit and Medical Insurance Scheme products. Members also benefit on discount from selected retail and medical outlets.
APPLICATION
Simply complete a Membership Application and Deduction Authority Form. Sign applications and attach a copy of your letter of employment/ID card and hand deliver to our Head office located on 3rd floor Ori Lavi Building in Boroko, NCD.
The Board
The Board is responsible for the oversight of the business.
Steven Vai
Board Chairman
Mr. Vai resigned in 2018 as the Financial Analyst for Air Niugini Limited.
He served as Deputy Chairman before being elected as Board Chairman in April 2024, Mr. Vai has taken the responsibility from his predecessor Mr. Kamuta Gabi to lead the organisation.
With an accounting background, we believe that Mr. Vai is pivotal in providing advisory support to the Society in various committees requiring his accounting skills and vast knowledge of the financial field.
Prior to his appointment in 2018 as Deputy Chairman of the Society, he was the Supervisory Committee Chairman for 2 years and a financial member of the Society for over 15 years.
Katleen Mark
Deputy Chairlady
Mrs. Mark has a demonstrated history of working in the airlines/aviation industry for over 18 years, mostly in the capacity of management specifically in Ground Operations Administration, Building Construction, Fit Out Management and Properties & Facilities Management.
She is an experienced Project Manager within the building construction and fit out industry managing the development and practical completion of the Air Niugini Apartments valued at over K122 million located near the Air Niugini head office at 7mile. She currently manages the overall operations of the Air Niugini Apartments in Port Moresby.
Sinia Wamala
Director
Mr. Wamala is currently an Accounts officer with the Finance Department at Air Niugini Ltd.
Mr. Wamala has held various senior positions within the national airline for over 10 years.
He has been a constant financial member of the Society for over 10 years and he is an avid advocate of the Savings and Loan movement in Papua New Guinea.
Fredrick Tongogo
Independent Director
Fred Tongogo is a professional accountant with 25 years of work experience in four different companies and industries.
He holds a MBA from the university of Papua New Guinea in addition to the Bachelor’s Degree in Commerce specializing in Accounting and Finance.
He is a dual CPA of both Papua New Guinea and Australia, having sat for 15 professional exams in total in both the CPA PNG and CPA Australia programs to attain the CPA status in both professional accounting bodies.
He was recently the Financial Controller at Air Niugini Ltd before his departure and covered for the CFO role at Air Niugini Ltd for three years when the CFO role was vacant.
He is currently on a Financial Consulting role with the National Airports Corporation Ltd.
The Management
The management is in charge of the daily operations of the business.
Adrian Rathley
General Manager
Mr. Rathley was appointed General Manager in March 2020 after being appointed Finance & Administration Manager in January 2017. He has over 6 years of experience in the Savings & Loan industry. Prior to his employment with ANGSL, he was the Treasurer/Secretary of the NDB Savings & Loan Society for 4 years. Mr Rathley looks to Growing and Moving forward to an excellence and money savings society. Excepting of new business partnerships and educating the members on the importance of savings.
Affiliations
ANGSL is a member of FESALOS, OCCUL and the ACCU. Having this affiliations enables ANGSL to be up to standard and compliant with all member requirements. Apart from these affiliations, we also maintain a good standing with the Bank of Papua New Guinea, the authority in charge of all regulatory matters.
FEDERATION of SAVINGS and LOAN SOCIETIES
FESALOS operates with the aim of promoting cooperation and the social well being of its member societies in Papua New Guinea so that they remain sustainable and relevant in providing relevant and affordable financial products and services to their members.
The Association of Asian Confederation of Credit Unions
The ACCU is a regional member based organization of credit unions and cooperatives in Asia. ACCU works in partnership with its members to strengthen and promote credit unions as effective instruments of socio-economic development of the people.
The Oceania Confederation of Credit Union Leagues
The OCCUL is the peak body for credit unions in the Pacific providing support services and representation. This network body was founded by delegates of Pacific Island countries that attended the Pacific Credit Union Technical Congress of 2008 and 2009.