National Bank of Samoa
The National Bank of Samoa is a locally owned and private bank in Samoa.
| Type | Public |
|---|---|
| Industry | Financial services |
| Founded | 1996 |
| Headquarters | Apia, Samoa |
Area served | Samoa |
| Products | Banking, financial and related service |
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. The current Chairman is Sala Epa Tuioti.
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. It is now positioned to compete directly with the larger international non-Samoan banks that also operate in the Samoan market.