News By Category Banking

N$60m in SA worker funds looted in SME Bank...

4 days ago - 24 January 2020 | Banking

A whopping N$60 million belonging to the South African Municipal Workers Union National Provident Fund was among the so-called investments that have gone missing as part of the SME Bank loot. The Mail &...

Bank BIC unfazed by Dos Santos link

2 weeks ago - 09 January 2020 | Banking

Namibian-based Bank BIC is confident that its links to Isabel dos Santos will not harm its reputation.Bank BIC chief executive Lindsay Crawford said this in an interview yesterday, held in light of the developments engulfing...

More loan options coming

2 weeks ago - 08 January 2020 | Banking

The Bank of Namibia plans to introduce securitisation, which will allow investors to design debt instruments that it will be able to repackage and sell.Securitisation is a procedure where an issuer designs a marketable financial...

Bank Windhoek ranked best bank

3 weeks ago - 03 January 2020 | Banking

Bank Windhoek has been rated as the best Namibian bank by stockbroking firm PSG in their annual Banking Review report, occupying the spot for the first time and surpassing FNB Namibia.In awarding the top honours...

Bank of the Year

1 month - 06 December 2019 | Banking

One of the biggest financial publications, The Banker, recently announced Bank Windhoek as its bank of the year 2019. At the event hosted in London on 28 November, the judges said Bank Windhoek was Namibia’s...

Category

Black Friday, Cyber Monday and secure online shopping

1 month - 29 November 2019 | Banking

Riaan Viljoen With Black Friday enticing shoppers worldwide, and its online equivalent, Cyber Monday, a few days later, the number of online deals during this...

A step towards a better future

1 month - 29 November 2019 | Banking

The Capricorn Group has donated N$120 000 to the organisation Step out of Poverty through Education, Encouragement and Support (SPES), a charity established to serve...

Embracing the power of knowledge

2 months ago - 22 November 2019 | Banking

Evany van WykTaleni Nengola wakes up each morning ready to eat challenges for breakfast. Not literally, but you challenges better sleep with one eye open...

A fruit of hope

2 months ago - 15 November 2019 | Banking

Mariselle StofbergDespite challenging economic conditions, the Cancer Apple Project, which has impacted the lives of numerous Namibians, has managed to raise N$2.5 million in aid...

SME Bank creditors to be paid

2 months ago - 12 November 2019 | Banking

CATHERINE SASMANThe Master of the High Court has authorised the first creditors’ meeting and first members’ meeting of the SME Bank in liquidation. The meeting...

Attachments a last resort - Agribank

2 months ago - 06 November 2019 | Banking

Agribank says when it attaches the property of borrowers it is always as a last resort.“We have a collections policy which is underlined by a...

Reaping the fruits of hard work

2 months ago - 01 November 2019 | Banking

Evany van Wyk Christall Farmer’s childhood dream was to become a lawyer. She realised, however, that being a lawyer could compromise her integrity and...

FNB invests in health

2 months ago - 01 November 2019 | Banking

ESTER KAMATI First National Bank Namibia donated a blood-gas analyser worth N$282 000 to the Windhoek Central Hospital's cardiac unit this month.The unit, which treats...

Prime interest rate remains the...

3 months ago - 23 October 2019 | Banking

The Bank of Namibia (BoN) this morning left its repo rate unchanged at 6.5%.The decision was taken in view of global, regional and domestic economic...

SME Bank: Money laundering exposed

3 months ago - 02 October 2019 | Banking

A company called Omulunga Capital Investments CC, of which Zimbabwean Cosmas Mushininga is the sole director, was placed under provisional liquidation by the High Court...

Money transfers a tedious exercise

4 months ago - 27 September 2019 | Banking

Since Monday this week, cross-border electronic fund transfers (EFTs) are being more closely controlled and restricted. Contrary to an earlier statement by the Bankers Association...

Iipumbu paid for his Porsche

4 months ago - 26 September 2019 | Banking

On September 12, Namibian Sun reported on a N$4.8 million claim by Agribank against its former CEO, Leonard Iipumbu, for unpaid loans against farmland, as...

46 000 jobs through Agribank

4 months ago - 26 September 2019 | Banking

ELLANIE SMIT Agribank has created or maintained 46 816 direct jobs in the agriculture sector during the...