Inkumbi reappointed as DBN CEO
The Development Bank of Namibia (DBN) board has reappointed Martin Inkumbi as the bank’s CEO for another five years.
Inkumbi has headed DBN since 2013 and took over from founding CEO, David Nuyoma.
Under Inkumbi, the bank’s balance sheet has grown from N$2.3 billion, with loans and advances of N$1.7 billion at the end of 2013, to N$8.8 billion with loans and advances of N$7.7 billion at 31 March 2018.
The bank’s core business is to advance development by lending to larger enterprises, SMEs and infrastructure developers.
Inkumbi has described his first five-year tenure as a period of ongoing evolution and organisational development.
He holds a bachelor of commerce degree, with majors in economics, management and finance, from the University of Cape Town and a master of science degree in financial economics from the University of London.
His career in finance began with a position as a researcher in banking statistics at the Bank of Namibia. After being promoted to financial analyst, he joined FNB Namibia as a corporate banking manager. In 2006 he joined DBN in the lending department, and worked his way up through the ranks.
STAFF REPORTER
Inkumbi has headed DBN since 2013 and took over from founding CEO, David Nuyoma.
Under Inkumbi, the bank’s balance sheet has grown from N$2.3 billion, with loans and advances of N$1.7 billion at the end of 2013, to N$8.8 billion with loans and advances of N$7.7 billion at 31 March 2018.
The bank’s core business is to advance development by lending to larger enterprises, SMEs and infrastructure developers.
Inkumbi has described his first five-year tenure as a period of ongoing evolution and organisational development.
He holds a bachelor of commerce degree, with majors in economics, management and finance, from the University of Cape Town and a master of science degree in financial economics from the University of London.
His career in finance began with a position as a researcher in banking statistics at the Bank of Namibia. After being promoted to financial analyst, he joined FNB Namibia as a corporate banking manager. In 2006 he joined DBN in the lending department, and worked his way up through the ranks.
STAFF REPORTER
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