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Bank Windhoek Limited (Bank Windhoek) is a commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients, which include personal, commercial and Small and Medium-sized Enterprise (SME) banking and accounts. Bank Windhoek also offers foreign exchange services ...
FNB Namibia was founded as Deutsche Afrika Bank (DAB) in 1907, and in 1915 the National Bank of South Africa took over the assets of DAB which was in 1926 integrated with Barclays Bank. Barclays Bank changed the name of the South African operation to Barclays National Bank Limited in 1971, and later to First National Bank of Southern Africa.
Banks. 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.
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. EBank, a bank with electronic presence but no branches, operated between 2015 and 2017. [3]
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 ...
FirstRand Bank - A subsidiary of First Rand Limited. FMB - Rand Merchant Bank. Grindrod Bank Limited. Imperial Bank South Africa. Investec Bank Limited. Ithala Bank. Mercantile Bank Limited - (Close down the brand and Capitec Bank taken over) Nedbank Limited. Old Mutual Bank Limited.
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Commercial banking in the country is dominated by the "big five" banks: Standard Bank, FirstRand, Absa, Nedbank, and Investec. As of March 2020 [update] , they control nearly 90% of the sector's total assets.