National Bank of Samoa

National Bank of Samoa
Company type	Public
Industry	Financial services
Founded	1996
Headquarters	Apia, Samoa
Area served	Samoa
Products	Banking, 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 to 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

^ ^a ^b ^c 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.
^ "New bank". The Dominion Post. Wellington. 9 December 1995. p. 29 – via EBSCOHost.
^ "About Us". National Bank of Samoa. Retrieved 2 March 2021.
^ "BURGEONING PNG BANK SEEKS BUYOUT OF SAMOA BANK". Pacific Islands Report. 7 July 2011. Retrieved 2 March 2021.
^ "National Bank of Samoa celebrates 20 years". Government of Samoa. 15 August 2016. Retrieved 2 March 2021.