ABOUT SAMOA

Financial Services

Below is a list of commercial banks currently operating in Samoa.

 

ANZ BANK (SAMOA) LTD

Arrangements can only be made once the company has been set up in Samoa. Once in operation, the foreign investor can then approach the ANZ regarding an arrangement for a commercial loan.

 For further information, please contact:

General Manager
PO Box L1855
Apia SAMOA
E-mail: samoa@anz.com
Website: www.anz.com/samoa
 

NATIONAL BANK OF SAMOA (NBS)

In order for a Foreign Investor to loan from the NBS, they must have opened an account and bank with NBS. The interest rate on commercial loans is currently at 14%.

 For further information, please contact:

General Manager
PO Box 3047 L
Apia SAMOA
Telephone: (+685) 26766
E-mail: info@nationalbanksamoa.com
Website: www.nationalbanksamoa.com
 

SAMOA COMMERCIAL BANK (SCB)

An account must be opened with the SCB before an investor is eligible for a commercial loan. Commercial interest rate on loans stands at 14%.

 For further information, please contact:

General Manager
PO Box 602
Apia SAMOA
Telephone: (+685) 31231
E-mail: info@scbl.ws
Website: www.scbl.ws
 

WESTPAC BANK

The investor must have a bank account and bank with Westpac in order to be eligible for commercial loans. Although there are no restrictions regarding lending to foreign investors, Westpac prefers that there be a local shareholder in the company. Interest rate on commercial loans is 12% but is also dependable on the amount approved.

 For further information, please contact:

General Manager
PO Box 1860
Apia SAMOA
Telephone: (+685) 20000
E-mail: westpacsamoa@westpac.com.au
Website: www.westpac.com.ws
 

Important Note: All of the above commercial banks require security in the form of freehold land, term deposits or any other assets of value as well as a detailed Business Plan, which should include the following:
  • Nature of the business
  • Financial status/background
  • Financial projections
  • Expected length of operation
  • Visa/Contract of Service
 

THE CENTRAL BANK OF SAMOA (CBS)

The CBS controls all foreign exchange transactions as well as matters relating to the stability and supply of money within the country. This includes:

  • International transactions
  • Overseas transfer of funds
  • Funding of imports
Repatriation of funds is permitted, provided the original investment entered Samoa through the banking system or by means of a formal approved manner.

 For further information, please contact:

The Governor
Central Bank of Samoa
E-mail: centralbank@cbs.gov.ws
Website: www.cbs.gov.ws
 

Updated: 16 June 2008