Samoa International Finance Authority

////Samoa International Finance Authority
Samoa International Finance Authority2020-05-15T11:07:13+13:00

Board of Directors

(Note: SIFA is now a Public Beneficial Body as of 2017 7th Nov)

  • Taimalie Ernest Betham (Chairperson)
  • Tu’u’u Amaramoa Sialaoa
  • Tufuga Fagaloa Tufuga
  • Patrick Rasmussen
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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

KPIs201620172018
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 Ratio26.77
21.62
40.57
ROE28%
25%
25.2%

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