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The institution has its headquarters located in Ongwediva in Oshana Region (North-Central part of Namibia).It was one of five commercial banks in 2009 [11] licensed to operate in the country by the Bank of Namibia (the national banking regulator) [12] [13] and the first microfinance bank created in the country since independence.
Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. [3] The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa.
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]
Bank Windhoek was founded in 1982 when a group of entrepreneurs, led by Koos Brandt, took over eight local branches of the Volkskas Bank. [8] The bank opened its first branch in Karasburg the same year it was founded. [9]
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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 .
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Letshego Holdings Limited was incorporated on 4 March 1998 as Micro Provident Botswana Limited a microfinance institution whose core function was to provide of unsecured loans clients, who had full-time employment. [4] The company was listed on the BSE in 2002 through a successful IPO. The funds from this IPO were utilized to expand the group ...