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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]
In 2007 the bank acquired Citizens Security Bank for $25 million. In 2010, it launched an internet banking service. [3] On 31 March 2022 ANZ announced it would exit US community banking in Samoa. This resulted in the closure of all bank accounts in October 2022 and loans were transferred to MWW Financial Services LLC. [4]
National Bank of Samoa; Samoa Commercial Bank; Overseas/Offshore Banks ... Australia and New Zealand Banking Group Limited (ANZ) Local banks. Bank South Pacific (BSP)
Central Bank of Samoa; N. National Bank of Samoa This page was last edited on 18 January 2020, at 21:27 (UTC). Text is available under the ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
The bank is engaged in developing policies to promote financial inclusion and is a member of the Alliance for Financial Inclusion. [5] The institution made a Maya Declaration Commitment in 2013 with an intent to build an inclusive financial system in Samoa that serves all members of society.
In Tonga, Bank of Hawaii sold its shares in Bank of Tonga to Westpac, giving WBC 60% ownership of what became Westpac Bank of Tonga. On 29 January 2015, BSP announced that BSP had entered into an agreement to acquire Westpac's banking operations in Samoa, Cook Islands, Solomon Islands, Vanuatu, and Tonga for A$125 million. [7]
The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation .