Bank Windhoek

Bank Windhoek
Private
Industry Financial Services
Founded 1982
Headquarters Windhoek, Namibia
Key people
 Koos Brandt, Chairman
Christo de Vries, Managing Director[1]
Products Loans, Sme facilities, agri Facilities, Checking, Savings, Investments, Debit Cards, Pertrol card
Revenue Increase Aftertax: US$36.7 million (2010)
Total assets US$2.08+ billion (2010)
Number of employees
 3,500+ (2010)
Slogan Together we do better
Website Homepage

Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a commercial bank in Namibia. It is one of the commercial banks licensed to operate in the country by the Bank of Namibia, the national banking regulator.[2]

Overview

Bank Windhoek is the flagship brand of the Bank Windhoek Holdings Group, a Namibian holdings group listed on the Namibian Stock Exchange. Bank Windhoek Holdings Limited is a subsidiary of Capricorn Investment Holdings, a regional financial services group with interests in banking, insurance, asset management, investments and micro finance. Bank Windhoek has a proud Namibian heritage and is committed to contribute to the socioeconomic development of our country. Bank Windhoek is a full scope commercial bank offering a wide range of banking products and services to the market. Bank Windhoek has an extensive distribution network of 53 retail and specialist finance branches and agencies countrywide.

Ownership

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 55% 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.[3]

The group structure of the subsidiaries of CIH is outlined in the section below.

Group structure

Capricorn Investment Holdings owns other financial institutions in whole or in part, including the following:[4]

  • Bank Windhoek Holdings Limited - 55% Shareholding
  • Bank Windhoek Limited - 73% Shareholding
  • BW Finance Limited - 73% Shareholding
  • Welwitschia Nammic Insurance Brokers Limited - 56.7% Shareholding
  • Namib Bou Limited - 73% Shareholding
  • Santam Namibia Limited - 18.3%Shareholding
  • Sanlam Namibia Holdings Limited - 21.5% Shareholding
  • Nammic Financial Services Holdings - 100% Shareholding
  • GH Group Employee Share Trust - 16.4% Shareholding
  • Capricorn Investment Holdings (Botswana) Limited - 94.9% Shareholding
  • Bank Gaborone Limited - 94.9% Shareholding
  • Ellwood Insurance Brokers limited - 94.9% Shareholding
  • SmartSwitch Botswana Limited - 47.5% Shareholding
  • Capricorn Asset Management Limited - 75.2% Shareholding
  • Capricorn Capital Limited - 100% Shareholding
  • Cyan ES Limited - 100% Shareholding

Branch network

As of February 2015, Bank Windhoek maintains an interconnected network of 53 branches across Namibia. This is supplemented by a network of closer to 100 ATMs. [5]

Directors

The directors of Bank Windhoek as of June 2011 are: [6]

  1. Koos Brandt - Chairman
  2. Johan Swanepoel - Vice Chairman
  3. Christo de Vries - Managing Director
  4. Brian Black - Director
  5. Frans du Toit - Director
  6. Eric Knouwds - Director
  7. Gida Nakazibwe-Sekandi - Director
  8. Matheus Kristof Shikongo - Director
  9. Hellmut von Ludwiger - Company Secretary

See also

External links

References

  1. ↑ Board of Directors of Bank Windhoek
  2. ↑ List of Licensed Commercial Banks in Namibia
  3. ↑ Absa's Takeover Bid Denied
  4. ↑ Group Structure of Capricorn Investment Holdings
  5. ↑ The Branch Network of Bank Windhoek
  6. ↑ The Directors of Bank Windhoek