<

Banking Supervision

Print this page| Send to friend


Mr R. Nel
Director, Banking Supervision

The mission of Banking Supervision Department is to provide a regulatory and supervisory oversight on banking institutions, which is necessary to develop and promote a sound and stable banking system. Alongside this mission, is the further objective of protecting the interests of depositors who place their savings with banking institutions.


Functions

In order to achieve it's mission, the department has adopted a structure consisting of three divisions: Analysis and Examinations, Policy & Regulation and Payment System.


The main responsibilities of the department are to:


  • Provide a mechanism for on-going off-site surveillance of the banking system and of the individual banking institutions;
  • Procure information and data from banking institutions for analysis and ultimately for establishing financial performance and condition of the individual banking institutions and the banking system as a whole;
  • Monitor compliance with banking legislation, determinations, directives, circulars and prudential requirements and for the formulation of regulatory responses to identified weaknesses in individual banking institutions.
  • Develop appropriate banking legislation and formulate prudential banking risk management requirements for the banking sector.
  • Screen applications to establish banking business.
  • Conduct on-site examinations (inspections) of banking institutions aimed at assessing and verifying the condition of banking institutions and to verify compliance with the banking legislation, directives and circulars.
  • Conduct ad-hoc investigations on suspected violations of the Banking Institutions Act in particular the conducting banking business without the Bank of Namibia’s authorization.

Departmental Management

Mr. Romeo Nel, Director: Banking Supervision
Ms.Penelao Kapenda, Deputy Director:  Analysis and Examinations
Mr. Urbans Karumendu, Deputy Director: Policy & Regulations
Ms. Ancois Plaatje, Deputy Director: Banking Groups & Special Institutions

Contacts

General inquiries to the Department may be directed to the Director's office at:

Tel: +264 61 283 5041
Fax: +264 61 283 5228
Email: Senior Administration Assistant


Today’s rates
Inflation rates
View Info

NCPI

CONSUMER PRICES Total (All urban areas) 12-Term % change

NCPI 5.60 Sep 2017
Interest rates
View Info

Repo rate

Repurchase rate: Rate at which the private (sector) banks borrow namibian dollars from the Bank of Namibia

Prime overdraft rate (predominant rate)

Benchmark rate at which private banks lend out to the public.

Repo 6.75
Prime 10.50
Exchange rates
View Info

NAD per US Dollar

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per British Pound

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per Euro

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

NAD per Angolan Kwanza

Weighted average of the banks' daily rates at approximately 10:30 am. Weights are based on the banks' foreign exchange transactions.

N$ / $ 13.4186 18 Oct 2017
N$ / £ 17.6822 18 Oct 2017
N$ / € 15.7858 18 Oct 2017
N$ / AOA 0.0717 18 Oct 2017

Please read our Website Disclaimer





Disclaimer

The content of this website is intended for general information only and is not intended to serve as financial, legal, professional or any other advice. Although the Bank of Namibia has taken considerable measures to ensure the accuracy and the quality of the information on this site, it does not guarantee, express or implied, the availability, correctness, completeness or the accuracy of information, nor is it responsible for any decisions taken, based on this information.


The Bank of Namibia is excluded to the extent lawfully permitted of all liability whatsoever for any loss or damage howsoever arising, which may result from, or be attributable to, directly or indirectly, the use of this website or reliance upon the contents of this website, or any other website linked to it.


This website may sometimes be linked to external websites over which the Bank of Namibia has no control and for which the Bank of Namibia assumes no responsibility and or liability.


The Bank of Namibia may make any amendments or deletions to the website without obligation to notify any person.


By accessing this website and the information contained herein, you agree to the application of Namibian law to govern all matters between you and the Bank of Namibia and to the exclusive jurisdiction of the courts of Namibia.


All rights are reserved.


Visitors who rely on the information of the Bank of Namibia website do so at their own risk.


Accessing this website is deemed to have accepted the foregoing.