Results for TDB

An application by the Tonga Development Bank for an “ex parte” injunction, seeking return of the materials seized in a police search of its premises in May, was refused by a Supreme Court judge. The applicants claimed that the seizure went beyond the scope of the warrant and included documents “belonging to Project Polata'ane”. A judge ruled that if this is to be pursued it must be made ‘inter partes’ meaning both parties present, since the urgency of the matter claimed was not demonstrated.

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.

A two-day Holiday Market Festival Thursday and Friday, at the Tonga Development Bank in Nuku'alofa showcased products of the bank's customers in a Microfinance Scheme and attracted Christmas shoppers. The scheme aims help improve the incomes of the 22.1% of Tonga’s population who live below the National Poverty Line.

Tonga Development Bank donated $3,000 pa’anga to the Alonga and Petesaita Adult Disabled Centre, to mark the bank's 40th anniversary.

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.

Richard Stanley, Tonga’s new alternative executive director to the Asian Development Bank, visited Tonga at the end of April. From Matangi Tonga Magazine Vol. 18, no. 2, August 2003.