TDB Vision and Mission

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Vision

To be recognized as Tonga's outstanding provider of development and commercial finance which employs prudent banking principles to meet customer needs, demonstrates integrity and operates profitably.

Mission

To be committed to promoting Tonga’s economic and social advancement by providing high quality development and commercial banking products and responsive professional services, while operating profitably as a financially sound banking institution.

Corporate Objectives

1. To maintain our position as the leading development financing institution in Tonga;
2. To continue to promote the selected commercial activities currently being under taken by the Bank;
3. To carry out tasks with absolute honesty, efficiency and professionalism;
4. To achieve and maintain a satisfactory return on shareholder’s funds, as agreed from time to time;
5. To continue to enhance loan account management through sustained improvements in appraisal and effective supervision and monitoring;
6. To safeguard the Bank’s assets through the application of prudential management and both internal and external compliances;
7. To meet customers’ needs by efficiently and profitably delivery of professional banking services;
8. To enhance profitability through diversifying our product range, regular review of costs and improving customer service;
9. To grow the lending portfolio in quality manner and ensure it is diversified across the major economic sectors in accordance with regularly reviewed lending industry guideline;
10. To continue to be a good, responsive employer fostering the career development and well-being of employees;
11. To continue to provide a supportive working environment for staff which motivates them to maximize their performance and rewards them appropriately when outstanding performance are achieved;
12. To support the achievement of national planning goals;
13. To contribute to the country’s economic planning and development through research, project identification and planning and implementation of special enterprise development initiatives;

History

Year 2015

Expand business services to offering of Cheque account, Overdraft, Foreign Exchange, Online Banking thru the Bank’s new Web Site and Inward and Outward Telegraphic Money Transfer.

Year 2014
TDB extends no repayments, interest and fees by another 3 months

All loans repayments in Ha'apai, to the Tonga Development Bank, were on a three-month deferment till March 2014 due to the devastating damages caused by Tropical Cyclone Ian. After a careful assessment of the current situation, borrowers who were repaying through cash will be extended for further 3 months until end of June 2014. The salary earning clients will resume normal repayments in April 2014.Interest Charges and fees are continued to be waived, during these additional 3 months for our cash repayment customers. This additional assistance to Ha'api Cash payment customers cost more than $20,000 totalling to more than $100,000 for these 6 months."We created a repayment moratorium to help our customers who were struggling after Cyclone Ian and now we're allowing them to make those payments over an extended period of time," said Mr Hasiloni Fungavai, Acting Managing Director and CEO of Tonga Development Bank. "We will automatically adjust their loan with no documentation required and at no cost to them."He said that the additional three-month deferment and continued waiving of interest charges and fees is our way of easing the crushing burden being faced by impacted borrowers who do not earn regular salary, as we work to rebuild Ha'apai after Tropical Cyclone Ian damages.
Meantime, as the onyl Bank with physical presence throughout all the island groups in Tonga, we will continue working closely with the people of Ha'apai during this very difficult time," Mr Fungavai said.Affected borrowers in need of more information are urged to contact the Ha'apai Branch on 774-7089 or 875-8644; 60-333 or 60-334. Also, Head Office support available on 23-333.

Year 2013

Opening of the Hihifo District Office on the 27th of November in Nukunuku - Tu'ivakano Poutele HallCelebrating 36th years of providing Development Banking Services to the Kingdom of Tonga.

Year 2012

Celebrating 35th years of providing Development Banking Services to the Kingdom of Tonga.

Year 2011

In September, Mr John Bath Manager Risk Management and Board Advisor completed 12 years significantly contributed for the rebuilding of the bank. John will be remembered as " Mapaki e Fa kae kei 'Alaha" for what he has done to the banks staff, portfolio and productivity. John and Margaret returned to their homeland Wellington, NZ.Staff also celebrated 34th years of providing developing banking services to the Kingdom of Tonga with 3 senior staff promotions.

Mrs Leta Havea Kami from DMD - Operations to DMD - Risk Management.
Mrs Seini Vaiola Movete from M - Lending to DMD - Operations. 
Mr Sitino Maka from Manager - Loans to Manager - Lending.

Year 2010

The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) announced Tonga Development Bank as the winner of its two (2) projects under the Catergory 8: Development Finance-led Poverty Alleviation. The project entries by Tonga Development Bank were “New Zealand Borrowers’ Diversification Fund (NZBDF)” and “Micro Lending Product” and were equally named as winning projects.

Year 2009

Counseling of Micro Credit Lending aimed for individual or group of varies sectors with inadequate security assets maximum loan amount at one time is $2,000 with conditions applied.

Year 2007

Celebrating 30th years of providing development banking services to the Kingdom of Tonga.

Year 2006

Reaching out of computer-technology services to he niuas. Mr. ‘Otenifi Afu’alo Matoto retired as Managing Director on 29th September 2006 after seven years and of successfully leading the bank. Afu’alo’s successor is Mr. Simione Sefanaia who was the Deputy Managing Director Operations of the bank.

Year 2006

Implementation of the bank’s new corporate system upgrade from FACTS to the ULTRACS retail banking software.

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