The National Bank of Samoa is a locally owned and private bank in
Samoa
Samoa, officially the Independent State of Samoa; sm, Sāmoa, and until 1997 known as Western Samoa, is a Polynesian island country consisting of two main islands (Savai'i and Upolu); two smaller, inhabited islands (Manono Island, Manono an ...
.
History
Creation of the bank was proposed in March 1994 by Luamanuvae Dick Meredith, a successful Samoan businessman,
matai and entrepreneur. In November of that year a banking license was sought and later granted on 27 February 1995. The bank officially opened its doors as the National Bank of Samoa Ltd on 11 December 1996.
[
The founding chairman was Muagututi’a George Meredith.] He tendered his resignation in 1998 and Poumau Ena Edward Meredith was appointed Chairman from 1998–2002. Oloipola Terrence Betham was chairman until mid-2007, followed by Sili Epa Tuioti
Sili Epa Tuioti is a Samoan politician and Cabinet of Samoa, Cabinet Minister. He is a member of the Human Rights Protection Party.
Tuioti studied for two years at Rhema Bible Training school. He is a former career public servant who served as He ...
. The current chairman is Va’atuitui Apete Meredith.
Today the National Bank of Samoa is a thriving and successful bank offering a full range of retail services including savings, lending and international services to its customers. It is still 100% locally owned and has seen a significant period of growth.[
In 2011 the Papua New Guinea-owned ]Bank South Pacific
Bank South Pacific (or BSP) is the largest bank in Papua New Guinea, with 35 branches throughout the country and in 6 countries. BSP currently services over 650,000 business banking customers throughout the Pacific. As at 31 December 2014, BSP had ...
made a takeover offer to NBS shareholders.
In 2016 the bank celebrated its 20th anniversary.
References
External links
Official website
Banks established in 1996
Banks of Samoa
Economy of Samoa
{{samoa-stub