Board of Directors
(Note: SIFA was a Public Beneficial Body on of 2017 7th Nov. Now approved by Cabinet as Public Trading Body FK(20)20 on 2020 27th May.)
- Vacant (Chairperson)
- Ala Lima-Meleisea
- Taima’aiono Agnes Kerslake
CEO:
Sieni Tualega-Voorwinden
Purpose
The principal purpose of SIFA is to:
- Effectively monitor and supervise the conduct of international financial services provided within Samoa;
- Protect and maintain the good repute of Samoa as an international financial services centre;
- Recommend the creation and improvement of any facilities to enhance the attraction of Samoa as an international financial services centre;
- Recommend new and amended legislation for international financial services;
- Effectively coordinate the cooperation between public and private sector agencies concerned with financial services.
Vision and Mission
- Vision Statement: “Moving with the Times”.
- Mission Statement: “To secure a niche market for Samoa on the Global Market as a reputable international financial services centre”.
Financial Highlights
| KPIs | 2016 | 2017 | 2018 |
|---|---|---|---|
| Revenue (SAT) | 30,685,214 | 30,814,844 | 31,672,772 |
| Expenditure (SAT) | 10,779,764 | 12,686,820 | 9,849,446 |
| NPAT (SAT) | 19,905,450 | 18,128,024 | 21,823,326 |
| Total Assets (SAT) | 71,651,281 | 75,498,734 | 88,210,945 |
| Total Liabilities (SAT) | 1,659,466 | 2,378,896 | 1,581,793 |
| Current Ratio | 26.77 | 21.62 | 40.57 |
| ROE | 28% | 25% | 25.2% |
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