| Type | Private |
|---|---|
| Industry | Financial Services |
| Founded | 1982 |
| Headquarters | Windhoek, Namibia |
| Key people | Koos Brandt, Chairman James Hill, Managing Director[1] |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue | Aftertax: US$36.7 million (2010) |
| Total assets | US$2.08+ billion (2010) |
| Employees | 1,200+ (2010) |
| Website | Homepage |
Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a commercial bank in Namibia. It is one of the five commercial banks licensed to operate in the country by the Bank of Namibia, the national banking regulator.[2]
Contents |
Bank Windhoek is a large financial services provider in Namibia. As of June 2010[update], the bank is the second-largest commercial bank in the country, based on assets, with an asset base in excess of US$2.08 billion.[3] The bank offers a broad range of banking services to individuals, small to medium enterprises (SMEs) and large corporations. Services include retail banking, corporate banking, finance trade, mortgage services and microfinance funding, among other products.[4]
Bank Windhoek is a 100% subsidiary of Bank Windhoek Holdings Limited (BWHL). BWHL is itself a subsidiary of Capricorn Investment Holdings (CIH), which maintains a 73% shareholding in BWHL. Capricorn is a large financial conglomerate, with interests in three Southern African countries: Botswana, Namibia and Zambia.
In July 2010, the Bank of Namibia (BON), the country's banking regulator rejected a proposal by the South African banking conglomerate Absa Group to acquire 70% shareholding in Capricorn Investment Holdings. The BON has subsequently indicated that a minority investment by Absa might receive regulatory approval.[5]
The group structure of the subsidiaries of CIH is outlined in the section below.
Capricorn Investment Holdings owns other financial institutions in whole or in part, including the following:[6]
As of June 2010[update], Bank Windhoek maintains an interconnected network of 50 branches across Namibia. This is supplemented by a network of 86 ATMs. [7]
The directors of Bank Windhoek as of June 2010 are: [8]