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FNB Namibia was founded as Deutsche Afrika Bank (DAB) in 1907, and in 1915 the National Bank of South Africa took over the assets of DAB which was in 1926 integrated with Barclays Bank. Barclays Bank changed the name of the South African operation to Barclays National Bank Limited in 1971, and later to First National Bank of Southern Africa.
Licensed commercial banks in Namibia are: [ 1] Bank Windhoek Limited. First National Bank Namibia Limited. Nedbank Namibia Limited. Standard Bank Namibia Limited. Trustco Bank Namibia Limited [ 2] Banco Atlantico. Bank BIC Namibia Limited. Letshego Bank Namibia Limited.
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 of Namibia (BoN) is the central bank of Namibia responsible for performing all other functions ordinarily performed by a central bank. There are five BoN authorised commercial banks in Namibia: Bank Windhoek, First National Bank, Nedbank, Standard Bank and Small and Medium Enterprises Bank. [139] Namibia's economy is characterised by a ...
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.
Letshego Bank Namibia is a 100 percent subsidiary of Letshego Holdings Namibia Limited (LHN). The shares of the stock of Letshego Holdings Namibia Limited are traded on the NSX, under the symbol: LNH. As at December 2022, the shareholding in the group's stock was as depicted in the table below: [5]
Website. www .bon .com .na. 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]
FNB is one of the three major divisions of the FirstRand Group, and the others being Rand Merchant Bank and Wesbank. First National Bank maintains banking subsidiaries which it owns wholly or in part, in Botswana, Mozambique, Namibia, South Africa, Eswatini, Tanzania, Zambia, Ghana, India, Lesotho and Guernsey.