Tonga Red Cross Society (TRCS) this morning donated cash assistance of $500,000 for 632 families who were affected by the 2022 HTHH tsunami, in Tongatapu, ‘Eua and Ha’apai, in partnership with the Tonga Development Bank (TDB) who will distribute the cash assistance.
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Results for Tonga Development Bank
Friday 15 December 2023
Nuku'alofa, Tonga
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Friday 28 October 2022
Nuku'alofa, Tonga
A charity for the disabled, the Mango Tree Centre at Houmakelikao, received donation of $5000 Pa’anga from Princess Angelika Latufuipeka Tuku’aho on 17 October.
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Friday 6 November 2020
Nuku'alofa, Tonga
An online remittance service, called ‘Ave Pa’anga Pau TDB Ltd., which will allows Tongans in Australia to send money to Tonga and vice versa, was launched today in Nuku'alofa.
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Friday 2 October 2020
Nuku'alofa, Tonga
An Implementation Agreement for the extension and expansion of the Government Development Loan was signed on October 1 by the Chief Executive Officer of the Ministry of Finance, Balwyn Fa’otusia, and the CEO of the Tonga Development Bank, Leta Kami. The scheme will run for another five years up to 2025.
Thursday 18 June 2020
Nuku'alofa, Tonga
‘Aleki Filikitonga (26) was sentenced to one-year six-months imprisonment, which was fully suspended, for theft of $28,000 pa’anga from the Tonga Development Bank branch in 'Eua.
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Sunday 15 September 2019
Nuku'alofa, Tonga
Commercially oriented, state-owned banks can help provide much needed financing for Businesses in the Pacific, according to a new Asian Development Bank report, “Finding Balance 2019, Benchmarking the Performance of State Owned Banks in the Pacific.” The report highlighted a financing gap in the Pacific that hinders business growth.
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Saturday 8 June 2019
Nuku'alofa, Tonga
A cheque for $7.5 million pa'anga was paid to the Tonga Development Bank from the Public Service Retirement Fund Board (PSRFB) for its purchase of a 15% shareholding in the government-owned bank, increasing the number of shareholders to three.
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Friday 7 September 2018
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Nuku'alofa, Tonga
Tonga's National Retirement Benefit Fund Board has taken up a 15% shareholding of the government-owned Tonga Development Bank, under a current restructuring of its capital base. The Minister of Finance said that the legislative amendments will not only remove the TDB from being under the Public Enterprises Act, but also change the ministerial responsibility.
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Tuesday 31 October 2017
Nuku'alofa, Tonga
Fifteen students from the Tonga Institute of Science and Technology (TIST), received scholarships from the Tonga Development Bank CEO, Leta Havea-Kami on Monday October 30.
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Wednesday 12 July 2017
Nuku'alofa, Tonga
Tonga became a prospective member of the Asian Infrastructure Investment Bank (AIIB) in June.
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Thursday 30 March 2017
Nuku'alofa,Tonga
Tongan fishing ventures buying deregistered old fishing boats up to 80 years old from New Zealand, using a soft loan scheme offered by government, are running into trouble in unsafe and uninsured boats.
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Wednesday 15 February 2017
Nuku'alofa, Tonga
Tonga's economy is heavily dependent on remittances from Tongan communities overseas, but transferring money to Tonga has become challenging, Tonga's Prime Minister Hon. 'Akilisi Pohiva said yesterday, in launching a new voucher remittance service called 'Ave Pa'anga Pau, offered by the Tonga Development Bank.
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Sunday 15 May 2016
Nuku'alofa, Tonga
The Tonga Development Bank has won international recognition for offering financial services that are supporting small income generating projects among disadvantaged and low-income earners in Tonga.
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Tuesday 19 April 2016
Nuku'alofa, Tonga
The Tonga Development Bank this month offered new soft loan terms for borrowers from the government’s multi millions Business Investment Incentive Fund that has been administered by TDB since 2014.
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Wednesday 2 March 2016
Nuku'alofa, Tonga
The Tonga Development Bank plans to launch new commercial services this month, including foreign exchange and internet banking, as part of a three year expansion programme that began in 2014.
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Friday 5 June 2015
Nuku'alofa, Tonga
Tonga Development Bank paid a dividend of $848,433 pa’anga to the Government of Tonga, its only shareholder on Friday, 5 June.
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Wednesday 3 June 2015
Nuku'alofa, Tonga
Scholarships worth $10,475 pa’anga were awarded by the Tonga Development Bank this week to cover full tuition fees of 13 students at Montfort Technical Institute and Tupou Tertiary Institute.
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Friday 26 December 2014
Nuku'alofa, Tonga
The large stump of a century-old Ngatae tree (Coral Tree) outside the Tonga Development Bank in central Nuku’alofa has been carved a local artist Sitiveni Fehoko, who was commissioned by the bank.
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Wednesday 10 December 2014
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Nuku'alofa, Tonga
The Tonga government has made millions of pa'anga available on soft loans for business investors, and Tatafu Moeaki, the CEO for the Ministry of Finance are calling on Tongan businesses to take advantage of the opportunities.
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Saturday 6 December 2014
Nuku'alofa, Tonga
Customers who took out loans from a Microfinance Scheme at the Tonga Development Bank held a Holiday Market Festival on December 4-5 to sell their locally made products and produce in Ma'ufanga.
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