Bank Board Meets in Pohnpei

The Board of Directors of the Pacific Islands Development Bank met in Pohnpei on December 12 to 15, 2007. Attending the meeting were Elbuchel Sadang representing the Republic of Palau, Justo Quitugua representing CNMI, Gibson Siba representing the FSM State of Kosrae, Joe Giliko representing the FSM State of Yap, Jack Yakana representing the FSM […]

May 29th, 2015|News and Events|

Bank Board of Governors Holds Annual Meeting

The Board of Governors of the Pacific Islands Development Bank convened its annual meeting at the Palau Royal Resort in Palau on April 28, 2008.

Among the key agenda items in the meeting were the reviews of the Bank´s 2007 Annual Report including its 2007 audited financial statements and the Bank´s 2008 Budget and Goals. Bank […]

May 29th, 2015|News and Events|

USDA Rural Development Awards $750,000 in Economic Development

Hagatna, Guam – On September 8, 2008, USDA Rural Development State Director Lorraine Shin and Pacific Islands Development Bank President Aren Palik signed the documents for a $750,000 loan under the USDA Rural Development’s Intermediary Relending Program (IRP). As the intermediary bank, PIDB will use the proceeds of the loan to finance business facilities and […]

May 29th, 2015|News and Events|

PIDB Board Forms Task Force, Elects New Officers

The Pacific Islands Development Bank (PIDB) Board of Governors held a special meeting in Palau on Friday, July 30, primarily to review and address the bank’s capacity and resource base, vital to its growth and expansion strategy. While the bank has consistently grown in total assets and loan balances in the past five years, increasing […]

May 29th, 2015|News and Events|

PIDB Board Reviews 2010 Results, Elects New Officers

Colonia, Yap – The Board of Governors of the Pacific Islands Development Bank (PIDB) held its annual meeting in Yap on February 28, 2011. Board Chairman and Governor of Yap State, Sebastian Anefal, called the meeting to order, welcomed everyone to Yap with special recognition to new Board members including Speaker Judith Won Pat representing […]

May 29th, 2015|News and Events|

Regional Bank Reviews 2011 Results, Elects Palau’s VP New Chair

(Tofol, Kosrae). The Board of Governors of the Pacific Islands Development Bank (PIDB) held its annual meeting on April 9, 2012 in Kosrae. Board Chairman, Governor Ehsa of Pohnpei, welcomed everyone with special recognition to Secretary of Finance of the Republic of the Marshall Islands, Alfred Alfred Jr., serving as proxy for the RMI government. […]

May 29th, 2015|News and Events|

PIDB Office Relocation!

June 15, 2012:
PIDB headquarters on Guam relocated to a new location on June 15 after residing at the old location in the GCIC bldg for over 15 years.
PIDB office is now located at the newly constructed Nanbo Guahan Bldg right across the Guam Public Library and Shirley’s Restaurant in Hagatna.  The new address is NANBO […]

May 29th, 2015|News and Events|

PIDB Board Meeting, Tinian

August 7, 2012:
(Tinian, CNMI).
The Board of Directors of the Pacific Islands Development Bank (PIDB) held its second regular meeting of the year in Tinian, CNMI, on August 7, 2012. Bank President and Board Chairman, Aren Palik, called the meeting to order at the Fleming Hotel with host Director, Diego Benavente, welcoming everyone to Tinian. Main […]

May 29th, 2015|News and Events|

PIDB Visits Yap and Palau, Sep 2012

Yap Market Square/O’Keefe
September 2012
PIDB President & CEO, Aren Palik, PIDB Loan Manager, Antonio John, and Board member Diego Benavente paid a visit to the neighboring islands of Yap and Palau to meet with both current and potential clients, perform loan collection and project site visits, and to seek feedback from Yap and Palau leadership on […]

May 29th, 2015|News and Events|

PIDB Board of Directors Meets in Palau

Koror, Palau.
The Board of Directors of the Pacific Islands Development Bank convened its regular meeting in Palau on January 16, 2013 at the Palasia Hotel in Koror. After the Board Chairman and Bank President, Aren Palik, called the meeting to order, host Director Secilil Eldebechel welcomed everyone to Palau with a brief update on the […]

May 29th, 2015|News and Events|