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Licensed commercial banks in Namibia are: [ 1] Bank Windhoek Limited. First National Bank Namibia Limited. Nedbank Namibia Limited. Standard Bank Namibia Limited. Trustco Bank Namibia Limited [ 2] Banco Atlantico. Bank BIC Namibia Limited. Letshego Bank Namibia Limited.
Number of employees. 135 (2012) Divisions. Microfinance operations. MSME operations. Website. Trustco – Banking and Finance. Trustco Bank Namibia limited, formerly the FIDES Bank Namibia, is a commercial bank in Namibia owned by Trustco Group Holdings [ de]. Its main commercial activity is to provide microfinancing services.
Nedbank Group is a financial services group in South Africa offering wholesale and retail banking services as well as insurance, asset management, and wealth management. Nedbank Limited is a wholly owned subsidiary of Nedbank Group. Nedbank's primary market is South Africa. Nedbank also operates in five other countries in the Southern African ...
Old Mutual also announced its Black Economic Empowerment deal in Namibia. [6] Patrick O'Sullivan became chairman of Old Mutual in 2010, succeeding Christopher Collins. [6] The same year HSBC backed away from its plan to acquire 70% of Nedbank, including Old Mutual's 53% share. [13] In 2011, Old Mutual sold US Life to Harbinger Group Inc. for ...
Banking in Namibia is regulated by the Namibia Financial Institutions Supervisory Authority (NamFISA), an organisation of government. [3] The Bank of Namibia functions as the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. The bank is located in the capital, Windhoek. The Bank of Namibia ...
Website. www.absa.africa. Absa Group Limited, commonly known simply as Absa and formerly the Amalgamated Banks of South Africa (ABSA) until 2005 and Barclays Africa Group Limited until 2018, is a multinational banking and financial services conglomerate based in Johannesburg, South Africa and listed on the Johannesburg Stock Exchange.
The banking sector in Namibia is highly developed with modern infrastructure, such as online banking, cellphone banking etc. The Bank of Namibia (BoN) is the central bank of Namibia, according to the Namibian Constitution, is to "serve as the State’s principal instrument to control the money supply, the currency and the institutions of finance, and to perform all other functions ordinarily ...
The Namibian Stock Exchange (NSX) (Afrikaans: Namibiese Effektebeurs; German: Börse Namibia) is the only stock exchange in Namibia. Based in Windhoek, it is one of the largest stock exchanges on the African continent. It has a partnership with JSE in neighbouring South Africa. The NSX is only open on weekdays, and trades continuously from 09: ...
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