News

Melekeok Head Start Program

On [December 9, 2013] the Melekeok Head Start Program, consisting of students from Melekeok, Ngchesar, and Ngiwal, got in for a big surprise as NDBP, represented by one of its Board member, Ms. Appolonia Ngirchechol, and its President, Ms. Sandra Mincer, visited the school and gave out Christmas gifts. The program's teachers, parents, and children all welcomed the donation with high spirits. The holiday gesture by the Bank is part of its outreach program in helping the general public.

 

National Development Bank of Palau Announced as Finalist at Global Green Awards

[April 24, 2013]

Bank's support for low-carbon homes puts it in the running for 2013 Ashden Awards

The National Development Bank of Palau has been announced as a finalist in the 2013 Ashden Awards, the world's leading green energy prize.The Bank is being recognised for its programme to encourage energy-efficient households on the island.

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Mincer appointed President & CEO of NDBP

[September 04, 2012]

Ms. Mincer was appointed President/CEO of the bank on August 13, 2012. She is the first Palauan woman to hold the position of President. She graduated class Valedictorian from Palau Mission Academy in 1980 and holds a double degree, Bachelor of Arts for Business & Economics with a specialization in Business Administration. She is a Certified Anti-Money Laundering Specialist, Certified Examination Manager and Certified Public Manager, a three year program, through the State of Nevada. Ms. Mincer has over 25 years experience in the financial industry, with her last position at the State of Nevada as the Acting Deputy Commissioner of Financial Institutions.

 

NDBP Signs a Memorandum of Understanding to Extend the RETRO-Energy Efficiency Subsidy Program (RETRO- EESP)

[August 24, 2012] On Thursday August 23, 2012 at the NDBP conference room in Ngetkib Airai State, the National Development Bank of Palau, represented by their new President and CEO, Sandra D. Mincer and Palau Housing Authority represented by their Executive Director, Frida Delmau, signed a Memorandum of Understanding to extend the RETRO-Energy Efficiency Subsidy Program (RETRO- EESP) to include the Palau Housing Authority customers in the program. This important event was witnessed by the NDBP board of directors, Carol Ngiraidis and Apolonia Ngirchechol.

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NDBP Management And Staff Receive Certification

[January 12, 2011] Four (4) National Development Bank of Palau staff received professional certifications from ADFIAP's Asia Pacific Institute of Development Finance (IDF) in Manila at the end of 2010. Bank President Udui, and Commercial Loan Officer Fletcher were granted Affiliate Certifications and Special Asset Manager Francisco and Commercial Loan Analyst were granted Associate Certifications. Other Pacific Islands represented included the Cook Islands, FSM, and Samoa.

Certifications are for the programs of Core Development Banking and Development Bank Management. These programs are part of the ADFIAP Career Credentialing Program intended to accredit and recognize professional competence in development Banking. ADFIAP is an Asian Pacific group of development financiers.

 

NDBP Installs Solar Panels and Conducts Training

[October 7, 2010] The National Development Bank has installed forty solar panels on the roof of the bank to demonstrate their commitment to Renewable Energy Technology. The solar power installation will also serve as a “demonstration site” for the general community.

The installation was made by Waterfront Villa, one of twenty two persons who participated in installation training a week earlier. 10 panels were installed on the roof of the SBDC facility in front of the Bank as part of a training program on how to install this equipment. The training was conducted by NDBP consultant Dr. Herbert Wade.

The following persons and firms attended the NDBP's Installation Training:

Saro Sakurai of PPUC, D.Sakuma of Surangel and Sons, Arnold Finnegan of Waterfront Villa, Ferris Baulechong of Waterfront Villa, Ron Ngiratrank of PPUC, Shewin Wasai PPUC, Kenneth Mereb of Akitaya Corp., Frank Ohlinger of KKA Corp H. Ngirailemater of PPUC, Gany Rdialul of PPUC, R.TAkawo of Mason's Hardware, Jeremy Alonz of Budget/PalauWind and Solar, Chris Carlos of Palau Wind and Solar, T. Glenn of TAPS, Clement Gbewonyo of WCTC, Jose Magno of WCTC, Ruby Ayson of Galaxy Builders, Angelito Miguel of Socio Micronesia, Rubie Dalatre of Galaxy Builders,C. Bing Lang of Socio Micronesia, Karla West, NDBP.

 

News Archive

  • The National Development Bank of Palau has finalized its new 5-year Strategic Plan. The plan approved by the Board of Directors calls for an aggressive growth strategy to increase the Bank's size from the present $30 million in Total Assets to $100 million in Total Assets at the end of 10-years. [November 11, 2010]
  • Training for the installation of solar energy equipment as part of the NDBP's Energy Loan Program took place in Palau during the dates of September 21 to September 29 at the PCC CE Training Center. [October 7, 2010]
  • The Palau Public Utilities Corporation (PPUC) and the National Development Bank of Palau (NDBP) have signed a Memorandum of Understanding (MOU) for the installation of solar photovoltaic (PV) systems on both residential and commercial facilities as part of a subsidized loan program. [August 16, 2010]
  • National Development Bank of Palau's President Kaleb Udui Jr. signed a Memorandum of Understanding with the Bank for Investment and Development of Vietnam at the Palasia Hotel on July 8, 2010. [July 21, 2010]
  • The National Development Bank of Palau (NDBP) is launching a special loan program this year which includes subsidies to install Energy Systems for households and businesses to "future proof" their energy costs. [July 15, 2010]
  • The National Development Bank of Palau is proud to announce the launching of its new website today. Type www.ndbp.com to browse the Bank's new site. [June 28, 2010]
  • NDBP wins recognition for Energy Efficiency Subsidy Program. The National Development Bank of Palau was recognized by the Association of Development Finance Institutions in Asia and the Pacific (ADFIAP) during its 33rd Annual General Meeting in Vancouver, British Columbia, in early May 2010 with a Plaque of Merit. [June 7, 2010]
  • April 2010, NDBP accepts final draft of 2009 Audit of Financial Statements from Deloitte & Touche. Final Report is due by end of Month.
  • NDBP Board of Directors approve Request for Proposal for 3-year Audit contract. Opening of Bids planned in June.
  • NDBP Board of Directors to consider Energy Loan Program in April Meeting. New consultancy for project secured to ensure successful program. Planned launch is for June 2010 under pilot phase.
  • President and Vice Chairman to receive Award in May 2010 Association Meeting.
  • NDBP Officially opened its doors at its new Building in Ngetkib Village, Airai State. This marks the first time the Bank has owned its own building. [November 16, 2009]

Energy Efficiency Subsidy Program (EESP)

The National Development Bank of Palau offers a subsidy to new home owners who install energy efficiency measures....

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Housing Loan

We finance house construction, purchase (including land), extensions & renovations. First time homeowners only pay 8% interest rate...

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Business Loan

If you are interested on our Busines Loan, a checklist of documents are required for an application to be considered complete.

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How to Apply

If you are interested in the NDBP loan program, a checklist of general requirements for loans and forms may be downloaded from our website.

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Rates

  • 6% - Microfinance, Pre-development and Agriculture Loans
  • 8% - Small business, First Time Homeowner and Fishing Loans
  • 10% - Housing and Business Loans

Contact Us

National Development Bank of Palau, P.O. Box 816, Koror, Palau 96940
Phone: (680) 587-2578
Fax: (680) 587-2579