Board of Directors
Lavea Tupa’imatuna lulai Lavea (Chair)
Aiolupotea Suimalae Malolo Chu Ling
Tugaga Tevesi David
Seuamuli Sarona Ponifasio
Peseta Peter Tone
Vui Sebastian Mariner
Leota Matamu Niko Ngau Chun
Activities
The Development Bank of Samoa (DBS) provides credit financing to development projects intended to trigger economic activity. This includes channelling government-directed concessionary credit for development and relief purposes.
DBS is subject to the:
- Development Bank of Samoa Act 2010
- Public Bodies (Performance and Accountability) Act 2001
- Public Bodies (Performance and Accountability) Amendment Act 2015
- Public Bodies (Performance and Accountability) Act Regulations 2002 and
- Composition of Boards of Public Bodies Act 2012.
DBS is governed by a board of directors that is responsible to the Minister of Public Enterprises.
Community Service Obligations
DBS delivers community service obligations (CSOs) in the form of concessionary credit facilities as directed by government, but does not receive direct compensation for these CSOs.
Financial Highlights
| (ST ‘000) | 2013 | 2014 | 2015 | 5-yr Average |
| Revenue | 8,333 | 5,343 | 9,609 | 9,039 |
| Net Profit After Tax | -2,887 | -4,555 | -1,644 | -2,275 |
| CSO payments | 0 | 0 | N/A | N/A |
| Total Assets | 142,946 | 183,834 | 194,109 | 158,368 |
| Total Liabilities | 89,741 | 133,751 | 143,338 | 105,716 |
| Shareholders Funds | 53,204 | 50,083 | 50,771 | 52,652 |
| ROE % | -5% | -9% | -4% | -4% |
| ROA % | -2% | -2% | -1% | -1% |
| Asset Utilization | 6% | 3% | 5% | 6% |
| Cash / Current liabilities | 1.180 | 3.932 | N/A | N/A |
Important Documents
- DBS annual accounts
- DBS statement of corporate intent
Website