WELCOME
The Pacific Islands Development Bank was charted on July 5, 1989 and just celebrated its 30th year of service to the Western Pacific region! The bank was established as a regional development financial institution with the goal of aiding in the economic and social development of the Pacific nations. Our members are our shareholders and consists of the governments of the Territory of Guam, the Commonwealth of the Northern Mariana Islands, the four state governments of the Federated States of Micronesia, namely Chuuk State, Kosrae State, Pohnpei State, and Yap State, the Republic of the Marshall Islands, the Republic of Palau, and the Kwajalein Atoll Development Authority as an associate member.
The bank has been and continues to be a catalyst for various credit needs and community programs that fit the diverse demands of our peoples. Let us know how we can help with you with a consumer, real estate, or commercial loan.
We welcome you to our website and hope that in a few clicks, you will be able to see the value in the Pacific Islands Development Bank.
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Chuuk
Yap
CNMI
Guam
Kosrae
Palau
Pohnpei
RMI
Products & Services
Commercial Direct Loans
Lending has been the principal tool used by the Bank in support of the members´ economic development, and it continues to be the Bank´s main activity. You may apply for a commercial direct loan to start up a new business or expand your existing business. Following are the specific general information about our commercial direct loans.
Residential Home Loans
As part of the Bank’s support to its member countries, one of its products is residential home loans. Its objective is to contribute to improved standard of living and quality of life of citizens of member countries through direct financing of residential homes including purchase of existing properties. Following are the specific general information about our residential home loans.
Consumer Loans
As part of the Bank’s support to its member countries, one of its products is consumer loans. Its objective is to contribute to improved standard of living and quality of life of citizens of member countries through direct financing of a wide range of secured and unsecured loans to consumers for personal, family and household purposes. Following are the specific general information about our consumer loans.
News and Events
Board of Directors Quarterly Meeting held in Pohnpei following the 2023 FSM Joint National Inauguration Ceremony & Celebrations
PIDB Board of Directors and management paid a courtesy visit with Speaker of 23rd FSM Congress, Speaker Esmond Moses and Vice Speaker Robson U. Romolow in Palikir, Pohnpei, on July 27th, 2023. Photo Caption: From left to right: Vice Speaker Andrew May (Vice Speaker, Chuuk State Legislature), Marie Laamar (Office of the Auditor, Yap), Francisco [...]
Four Development Banks in the Region Establish Partnership: “DB PRIME”
On June 30th, 2023 A Memorandum of Understanding between the Federated States of Micronesia Development Bank (FSMDB), the Marshall Islands Development Bank (MIDB), the National Development Bank of Palau (NDBP), and the Pacific Islands Development Bank (PIDB) for institutional cooperation and regional integration was signed in a virtual signing ceremony by the Presidents of each […]
PIDB Typhoon Mawar Humanitarian Aid
June 16th, 2023 – PIDB President Lindsay M. Timarong and staff, with the tireless assistance of Matt and Jimmy from Dewan Worldwide and Ready H2GO, delivered supplies to various families residing in the community of Zero Down in Ritidian, Yigo. In the aftermath of typhoon Mawar, many families were left with total destruction of their [...]