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