Pandemic banking

It is financial results season and the impact of Covid-19 and measures to contain its spread are obvious from the performance of local companies. Yesterday, both FirstRand Namibia, with FNB Namibia as its flagship brand, and Letshego Holdings Namibia released their interim and annual results respectively, showing a profit knock. Capricorn Group, which includes Bank Windhoek, last week reported a profit of about N$428.1 million for the six months ended 31 December 2020, a drop of around 23% or N$129.1 million year-on-year. Photo George Pagan III on Unsplash