National Bank of Samoa
TypePublic
IndustryFinancial services
Founded1996
HeadquartersApia, Samoa
Area served
Samoa
ProductsBanking, financial and related service

The National Bank of Samoa is a locally owned and private bank in Samoa.

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.[1][2]

The founding chairman was Muagututi’a George Meredith.[1] 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. The current chairman is Va’atuitui Apete Meredith.[3]

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.[1]

In 2011 the Papua New Guinea-owned Bank South Pacific made a takeover offer to NBS shareholders.[4]

In 2016 the bank celebrated its 20th anniversary.[5]

References

  1. 1 2 3 Joyetter Feagaimaali'i (29 January 2020). "Former M.P. Muagututi'a George Meredith passes away". Samoa Observer. Archived from the original on 30 October 2020. Retrieved 2 March 2021.
  2. ↑ "New bank". Dominion Post. 9 December 1995. p. 29 – via EBSCOHost.
  3. ↑ "About Us". National Bank of Samoa. Retrieved 2 March 2021.
  4. ↑ "BURGEONING PNG BANK SEEKS BUYOUT OF SAMOA BANK". Pacific Islands Report. 7 July 2011. Retrieved 2 March 2021.
  5. ↑ "National Bank of Samoa celebrates 20 years". Government of Samoa. 15 August 2016. Retrieved 2 March 2021.

13°50′05″S 171°45′45″W / 13.8347°S 171.7624°W / -13.8347; -171.7624


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