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Pacific Islands Development Bank

Pacific Islands Development Bank. APIL Update December 2, 2009 Honolulu, Hawaii. Establishment. July 5, 1989 by the Association of Pacific Island Legislatures (APIL) Corporate headquarters in Guam. Mission & Purpose. To contribute to the acceleration of the

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Pacific Islands Development Bank

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  1. Pacific Islands Development Bank APIL Update December 2, 2009 Honolulu, Hawaii

  2. Establishment • July 5, 1989 by the Association of Pacific Island Legislatures (APIL) • Corporate headquarters in Guam

  3. Mission & Purpose To contribute to the acceleration of the process of economic and social development of member countries and States, individually and collectively, and to promote regional cooperation.

  4. Products & Services • Direct commercial loans • Loan guarantee and participation • Residential home loans - 2009 • Consumer loans = 2009 • Annual scholarship program • Student internship and training

  5. Shareholders & CapitalAs of 11/30/09 • CNMI 1,000,000 • FSM State of Chuuk 251,783 • FSM State of Kosrae 650,000 • State of Pohnpei 1,000,000 • FSM State of Yap 1,000,000 • Island of Guam 1,000,000 • Republic of Palau 1,000,000 Total 5,901,783

  6. Board of GovernorsAs of 11/30/09 ExecutiveLegislative Chuuk Wesley Simina Singkoro Harper CNMI Benigno Fitial Diego Benevente Guam Felix Camacho* Ben Pangelinan Kosrae Robert Weilbacher Ilai Abraham Palau Kerai Mariur Secilil Eldebechel Pohnpei John Ehsa Thomas Pablo Yap Sebastian Anefal Charles Chieng * Chairman of the Board

  7. Board of DirectorsAs of 11/30/09 CNMI Justo Quitugua Kosrae Gibson Siba Guam Lourdes Perez Palau Secilil Eldebechel Pohnpei Thomas Pablo Yap Michael Gaan Chuuk Vacant President/CEO Aren Palik* * Chairman of the Board

  8. 2009 Highlights • Kosrae injected $50k equity contribution • Board approved Strategic Plan (2009-2013) • Implemented Housing & Consumer Loans • Board of Governors Reorganized • Organized First Regional DFI Meeting (Dec. 9) • Achieved key financial goals • Total Assets increased by 7%, estimated • Total Loans increased by 10%, estimated • Net Profit increase by 28%, estimated • Delinquency less than 2%, estimated

  9. Total Assets

  10. Outstanding Loans

  11. Capital Stock

  12. Retained Earnings/Deficit

  13. Loan Delinquency

  14. 5-Year Strategic Outlook Our 5-Year Strategic Goals (2009-2013): • Increase bank capitalization and funding • Manage credit risks and maintain loan quality • Prudently manage investment securities • Diversify and expand products and services (with shift towards “regional” financing) • Manage our margins (revenue and expenses) • Secure additional members

  15. We need HELP from APIL • Bring Marshall Islands, American Samoa, Hawaii, and Kiribati to our PIDB family • Secure member’s outstanding pledged equity • Support PIDB’s efforts in securing external funding & capital

  16. Membership Benefits • Protect and increase value of your investment • Contribute to economic and social dev. • Access external funding through PIDB (IRP) • Representation and participation on the board • Promote regional cooperation through trade • Contribute to APIL’s mission & objectives

  17. Thank you!

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