Requirements for granting credit

Requirements for granting credit

1. Introduction Our previous article clarified the term “credit” and the scenarios under which banks grant it. This article is more detailed and explains how customers apply for credit and what banks look for before extending credit to their customers....
Requirements for granting credit

Requirements for granting credit

1. Introduction Our previous article clarified the term “credit” and the scenarios under which banks grant it. This article is more detailed and explains how customers apply for credit and what banks look for before extending credit to their customers....
Introduction to the Banker’s Association of Namibia

Introduction to the Banker’s Association of Namibia

By Brian Katjaerua, Bankers Association of Namibia Chief Executive Officer 1. About the Bankers Association of Namibia The Bankers Association of Namibia (BAN) was established in 1997 and incorporated as a non-profit association under section 21 of the Companies Act...
The role of banks in creating a competitive economy

The role of banks in creating a competitive economy

By Brian Katjaerua, CEO of the Bankers Association of Namibia 1. What are banks? Banks (or banking institutions as often referred to) are companies specifically authorized by the Bank of Namibia (“BON”) to conduct banking business. The Banking Institutions Act 2 of...
BANKERS’ ASSOCIATION OF NAMIBIA STATEMENT

BANKERS’ ASSOCIATION OF NAMIBIA STATEMENT

The impact that COVID-19 has had on both the Namibian and global economy, remains unprecedented. The desperation – and at times even desolation – of the current times has been felt by many around the world. Namibia has not been spared the sheer impact of the pandemic....