Development Bank of Namibia

Development Bank of Namibia
Parastatal
Industry Finance
Founded 2004
Headquarters Windhoek, Namibia
Key people
Products
  • Loans
  • Equity Partnerships
  • Financial Advisory Services
  • Management Services
  • Export/Import Finance
Revenue IncreaseAftertax:US$3.216 million (NAD:35.3 million) (2011)
Total assets US$146.01 million (NAD:1.602+ billion) (2011)
Owner Government of Namibia
Website Homepage
Footnotes / references
Headquarters[1]:22

Development Bank of Namibia (DBN) is a government-owned development bank in Namibia.

Overview

The bank began its operations in 2004. The main objective of DBN is to promote and finance development in those sectors of the economy which support development and the welfare of the citizens of the country. As of December 2011, the total asset valuation of the bank was in excess of US$146 million (NAD:1.602 billion), with shareholders equity of approximately US$144.3 million (NAD:1.583 billion) [2]

Board of directors

As of January 2016, the following individuals constituted the Board of Directors of the Development Bank OF Namibia:[3]

See also

References

  1. ↑ "2013 Annual Report" (PDF). Development Bank of Namibia. Retrieved 5 December 2014.
  2. ↑ Audited 31 March 2011 Financial Report
  3. ↑ DBN 2016 Annual Report


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