DBK_for_you.jpg

KARIOA

TOBWAIA

KARIKIRAKEA

Local Produce & Handicraft Loan

E kukurei ni katanoata DBK ana Service iaon aio bwa e bon teimatoa naba ni butimwaeaki te tangomwane iaona. Nakoimi ake kam taarena n te karaobwai ni Kiribati n aron bwaai ni Mwaie, Mwae, Tiarutiaru, Kie, Bwaene, Iriba ao tabeua riki ake a kona ni karaoaki man bwain ao kain abara. Iai ngkai ara tangomwane iaon aio are e teimatoa n waaki ao ni butimwaeaki:

- Mwaitin te tangomwane e na aki riaon $1,500.00
- Te security bon te Aba (land) ke te KPF
- Te bongi ni bung ao tamnei 2 (passport photo)
- $20.00 te application fee
- Business registration man MCIC ke te
-Business Certificate man te Kauntira

E teimatoa DBK ni butimwaai ngkami ibukin:

1: Loan ni karikirake aika uarereke ao bubura ma ana raka ae tii 5% n te ririki

2: Social Development Loan ibukiia taan mwakuri n te Tautaeka

3: Loan nakoia kaain aon-abamwakoro

4: Business Stimulus Loan - ibukin karikirake ake a rotaki ni butinakon COVID-19

5: Home Loan ma te raka iaona ae tii 5% n te ririki

A butimwaeaki ni kabane ma kaain abamakoro.

Ibukiia ake aki mwakuri ao iai te Rural Support Loan ae kaineti nakoia kaain aon aba, ibukin te oroben, te ununiki, te akawa ao ai te store. Te mwaiti ae kona n reke iaan te loan aei bon $3,000.00 ma rakana 5% n te ririki tii ibukin te akawa ao te ununiki. Iai naba te katangomwane ni irekereke ma kaungaan kamanenaakin te Renewable Energy are e a tauraoi DBK ni mwanenna iaan te Project ae te POIDIER ao ni waaki ngkai ibukin kainanoana. Ibukin katabwaninan rongorongona ao kawariira n ara Office i Bairiki, DBK Branch i Kiritimati ao ara Agents iaon ami Abamwakoro nako.
75021665, 75021255 ao 75381345 Aono n Raina.'

OUR VISION

Development Bank of Kiribati is owned by the people of Kiribati. Our commitment to national needs and aspirations as such, is our utmost priority. We can only achieve this if we rise from the present and place ourselves at the forefront of development. To capture this, our vision is to:

"BECOME A LEADING BANKING SERVICE PROVIDER IN KIRIBATI"

OUR MISSION

We believe our ability to become a leading banking institution depends on our willingness to transform ourselves and embrace change. Only then can we meaningfully address and mitigate the social-economic issues we face as an institution and assist the needs and aspirations of our people. Our mission as such will be to:

"TRANSFORM DBK SO THAT WE ARE BETTER ABLE TO PROVIDE ECONOMICALLY VIABLE AND COMPETITIVE BANKING SOLUTIONS THAT SERVE THE NEEDS OF KIRIBATI"

OUR VALUES

In support of our Vision and Mission we will emphasize five corporate values that will act as pillars in defining our business relationships with clients. These are:

Responsiveness to the needs of clients and development aspirations of I-Kiribati people;
Adherence to the highest professional and ethical standards for the organization, our programs and public relations;
Outstanding leadership and service bases on information and knowledge sharing and through increased community participation;
Commitment to partnerships with Government and other key institutions and;
Accountability and focus on results by defining clear objectives, organizing work and resources to achieve them, and to comply with statutory reporting requirements;
Integrity

OUR VISION:

"BECOME A LEADING BANKING SERVICE PROVIDER IN KIRIBATI"

OUR MISSION:

We believe our ability to become a leading banking institution depends on our willingness to transform ourselves and embrace change. Only then can we meaningfully address and mitigate the socio-economic issues we face as an institution and assist the needs and aspirations of our people. Our mission as such will be to:

"TRANSFORM DBK SO THAT WE ARE BETTER ABLE TO PROVIDE ECONOMICALLY VIABLE AND COMPETITIVE BANKING SOLUTIONS THAT SERVE THE NEEDS OF KIRIBATI"

OUR VALUES:

In support of our VISION and MISSION we will emphasize five corporate values that will act as pillars in defining our business relationships with clients. These are:

- Responsiveness to the needs of clients and development aspirations of I-Kiribati people;

- Adherence to the highest professional and ethical standards for the organization, our programs and public relations;

- Outstanding leadership and service based on information and knowledge sharing and

through increased community participation;

- Commitment to partnerships with Government and other key institutions and;

- Accountability and focus on results by defining clear objectives, organizing work and resources to achieve them, and to comply with statutory reporting requirements;

- Integrity

to ensure the company's prosperity...

Chairman

Vice Chairman

Board Director

Dr Takeieta Kienene

Tekoaua Tamaroa

David Collins

Tabibiri Tentau

Rouki Beniata

Maaman Ioakim

Fatele Tetapo

Under Construction ...........

Background

The Development Bank of Kiribati (DBK) was established by the Development Bank of Kiribati Act 1986 and came into operation on 01 August 1987. Wholly owned by the Kiribati Government, DBK operates autonomously under the direction of a Board of Directors appointed by the Minister of Finance and Economic Development. The Board comprises 3 members of the Public Sector and 4 from the Private Sector which complies with the SOE Act 2013. The Chief Executive Officer manages the day-to-day operations supported on the ground by 37 staff at the main office in Tarawa, a 3-man branch on Kiritimati and a resident Agent on 15 outer islands.

DBK performance for 2019 was generally satisfactory. Financial performance continued to improve while loan disbursement targets met for most part of the year. In addition, performance is also marred by the Bank's inability to attain targeted arrears rate, level of past due and hardcore loans. Even though, these targets were not met, a declining trend is again noted this year for past due and hardcore loans. In considering this performance, it is obvious that the Bank maintains its priorities as for 2019 but further review is required to adjust ongoing operations and rethink planned strategies and activities.

In our view, critical operational charges need to be made in response to the latest market trends and socio-economic-political environment shaped by Government and donor decisions and support so far in order for us to satisfy our long-term objectives and priorities. The more relevant of these relate to:

DBK's mandate - development banking versus commercialization
Competition in Social development loans or personal lending
ANZ's monopoly in retail banking
Undercapitalisation of DBK
KPF Investment funds
Lack of formal risk assessment and management systems

Objectives:

Make affordable and quality banking services and products accessible to all I-Kiribati people.
Boost economic growth, raising standards of living and employment opportunities and;
Increase profitability

Loan Plus1 System - An online system created especially for lending institutions such as development banks, money lenders and savings and loan schemes. LoanPlus1 caters to all types of loans, whether it has a simple interest rate or a compound/reducing balance interest rate. It is one of the main tool at DBK to serve clients for lending services. The Custom Software Development Agreement between DBK and Infinity Plus One was signed on 7th July 2016. The System was launched on Wednesday, 09th August 2017 and have since been used until now.