The Development Bank of Samoa was established in October 1974 under the Development Bank Act 1974. The primary objective was to provide financing for agricultural projects to stimulate economic growth. Over the years, the DBS has grown and diversify its mandate cover all development sectors to enable sustainable economic and social development for Samoa. The Development Bank of Samoa Act 2010 repealed the 1974 Act.
The DBS mandate recognises the key priorities set out in the Strategy for the Development of Samoa 2017-2020. These priorities include agriculture and fishing, tourism, commerce, services, MSMEs, financial inclusion and social enhancement for wealth and livelihood. The DBS has been the implementer of special development assistance approved by Government from time to time where necessary.
The mandate of the DBS is to provide credit financing to viable projects to stimulate economic growth and social development.
OUR DEVELOPMENT SECTORS
- Agriculture and fishing
- Tourism for hotel development
- Services including food & beverage, retailing, transportation, clothing, cultural goods
- Professional and business services
- Education facilities
- Financial inclusion