Finance

Finance (607)

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Bank Windhoek has announced the completion of the second phase of its rollout of cash deposit ATMs in Namibia’s northern, coastal and central regions.

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Namibian Stock Exchange listed, Capricorn Group Limited released its annual financial results for the year ended 30 June 2021, with profit after tax increasing by 14.8% to N$983.0 million. The listed Group’s net interest income before impairment charges increased by 3.3% to N$2.26 billion for the period under review.

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Over N$1.7 billion, mostly from multilateral and developmental funding institutions and partners has been mobilized by the Environmental Investment Fund of Namibia (EIF) to date, towards investing in innovation, which contributes towards achieving sustainable development in the country.

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FirstRand Namibia Limited has posted a N$1.492 billion profit before tax for the financial year ending 30 June 2021, a 23% increase from N$1.209 billion recorded prior year.

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The Development Bank of Namibia (DBN) says it is currently faced with an SME loan book where 58% of the loans advanced, valued at N$392.7 million are nonperforming.

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