News By Category Banking

Angola still owes Nam N$2.5b

5 hours ago | Banking

Bank of Namibia deputy governor Ebson Uanguta said Banco Nacional De Angola owes them approximately N$2.5 billion following a currency conversion agreement that was implemented three years ago. According to him, the Angolan central bank...

Bank Windhoek welcomes new talent

3 days ago - 21 July 2017 | Banking

Bank Windhoek recently officially welcomed 13 graduates from the Bank’s Graduates Development Programme at a graduation ceremony in Windhoek. The group was the first intake of the programme.Graduates who majored in economics, banking, accounting and...

SME Bank victims should be assisted

6 days ago - 18 July 2017 | Banking

The Namibia Chamber of Commerce and Industry has called for urgent assistance from the government and the Bank of Namibia to business depositors at the former SME Bank.NCCI's CEO Tarah Shaanika on Friday said the...

A future for manufacturing

6 days ago - 18 July 2017 | Banking

Development Bank of Namibia CEO Martin Inkumbi has reiterated the bank's support for the manufacturing sector. The bank is currently engaged in a drive to stimulate the sector with finance, and is reaching out to...

Union to sue SME Bank directors

1 week ago - 17 July 2017 | Banking

The Namibia Financial Institutions Union (Nafinu) is in the process of instituting a class action lawsuit against the former directors of the bankrupt SME Bank, according to its general secretary Asnath Zamuee.According to her, the...

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Kwa tamekitha omakonaakono moSME Bank

1 week ago - 14 July 2017 | Banking

Okwa tamekithwa omakonaakono monkalo yembangoloto lyombaanga yoSME Bank, pauyelele mboka wa gandjwa komukomeho gwOkomisi yOkukondjitha Uulingilingi yo Anti-Corruption Commission. Paulus Noa okwa lombwele onamibian Sun...

Criminal probe into SME Bank

1 week ago - 13 July 2017 | Banking

A criminal investigation into the affairs of the bankrupt SME Bank has been opened according to Anti-Corruption Commission director Paulus Noa.Noa told Namibian Sun yesterday...

Help for orphans

1 week ago - 13 July 2017 | Banking

This week, Standard Bank celebrated the success of its Forum for African Educationalists Namibia initiative which has seen it benefit over 1 000 beneficiaries since...

Banks jointly set up blockchain

1 week ago - 13 July 2017 | Banking

South Africa's largest and notoriously competitive financial services firms have come together to set up a national blockchain. The South African Financial Blockchain Consortium...

FNB introduces geopayment

1 week ago - 12 July 2017 | Banking

FNB has become the first financial institution to introduce a geopayment service in Namibia.Geopayment is another first for Namibia where customers can split a bill...

SME Bank provisionally shut down

1 week ago - 11 July 2017 | Banking

Following an urgent application by the Bank of Namibia, the SME Bank was provisionally liquidated and shut down this morning by High Court Judge Hannelie...

SME Bank millions ‘unrecoverable’

2 weeks ago - 10 July 2017 | Banking

OGONE TLHAGE There is no hope that the Bank of Namibia will ever trace the investments made in South Africa...

Good saving tips

2 weeks ago - 10 July 2017 | Banking

STAFF REPORTER With July being Savings Month, Piet Bergh, Nedbank’s area manager for the north, says this time should remind...

SME Bank workers pay for...

2 weeks ago - 06 July 2017 | Banking

The Namibia Financial Institutions Union is of the view that the SME Bank should not be liquidated and that a restructuring exercise would do more...

Update your bank records

2 weeks ago - 06 July 2017 | Banking

The process that banks use to identify and verify the identity of customers is known as 'Know Your Customer' (KYC). The objective of KYC is...

BoN wants to shut down...

2 weeks ago - 05 July 2017 | Banking

The Bank of Namibia announced yesterday that it had approached the High Court to seek the winding down of business at the embattled SME Bank.Central...

BoN seeks SME Bank...

2 weeks ago - 04 July 2017 | Banking

The Bank of Namibia has approached the High Court seeking the winding down of the troubled SME Bank. “While the bank of Namibia is aware...

EasyWallet and GoPay with ease

2 weeks ago - 04 July 2017 | Banking

As a consumer-centric organisation Bank Windhoek continues to invest in affordable and convenient banking solutions for its customers, hence the introduction of two new exciting...