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Bank Windhoek Limited; First National Bank Namibia Limited, part of FirstRand Group; Standard Bank Namibia Limited, part of Standard Bank Group; Nedbank Namibia Limited, part of Nedbank Group; Bank BIC Namibia Limited, part of Angola's Banco BIC Group; Letshego Bank Namibia Limited, part of Letshego Group; Branch of Banco Privado Atlântico ...
Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank of Namibia. Following Namibian Independence in 1990, the Namibian banking sector came under the control of the new government which restructured the sector and created the Bank of Namibia as the central bank.
It is licensed, supervised and regulated by the Bank of Namibia, the central bank and national banking regulator. [3] Since 19 November 2019, the stock of the holding company of this bank, going by the name Standard Bank Namibia Holdings Limited is listed on the Namibian Stock Exchange (NSX), where it trades under the symbol SNO. [4] [5]
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 bank now known as Standard Bank was formed in 1862 as a South African subsidiary of the British overseas bank Standard Bank, under the name The Standard Bank of South Africa. The bank's origins can be traced to 1862, when a group of businessmen led by the prominent South African politician John Paterson [ 5 ] [ 6 ] formed a bank in London ...
The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek . The Bank of Namibia was established in 1990 [ 2 ] by the Bank of Namibia Act, 1990 (Act 8 of 1990). [ 3 ]
The bank's name was changed from Grindlays Bank International (Kenya) Limited to Stanbic Bank Kenya Limited in 1993. [10] At the point of the merger, the bank was 96.31% owned by Standard Bank through Stanbic Africa Holdings Limited (SAHL) and the balance of 3.69% held by the Government of Kenya.
Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. [3] The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa.