Non-performing loans in the Namibian banking sector spiked by more than N$1.3 billion or nearly 25% from the end of March 2020 – when Covid-19 first locked down the economy – to the end of last year. The Namibian Sun newspaper reports that over-indebted consumers will likely struggle to meet their loan payment obligations to banks. Out of every N$100 disposable income in 2020, consumers on average could call only N$10.90 their own as they owed N$89.10 in debt to commercial banks and non-banking institutions, according to the latest data by the Bank of Namibia.