| National Bank of Samoa | |
| Type: | Public |
| Foundation: | 1996 |
| Location: | Apia, Samoa |
| Area Served: | Samoa |
| Industry: | Financial services |
| Products: | Banking, financial and related service |
The National Bank of Samoa is a locally owned and private bank in Samoa.
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]
The founding chairman was Muagututi’a George Meredith.[2] 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.[2]
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]