Development Bank of Samoa

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:

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

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