Finance and Administration

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Mr. K. Mathew
Director, Finance
and Administration

Finance and Administration is a service delivery department. Our business is therefore largely to facilitate the achievement of the Banks strategic objectives.


Functions

The structure of the department consists of two divisions, namely: Financial Administration and General Services. The principal accountabilities of the Department are summarised as follows:


  • Provision of financial information (monthly, quarterly and annual financial statements) to the Bank's stakeholders;
  • Preparation of the monthly financial statement for publication in the Government Gazette;
  • Preparation and publication of the Annual Statutory Accounts in line with the Bank of Namibia Act;
  • Compilation, preparation and control over the utilisation of the Bank's annual budget;
  • Facilitation of the annual audit of the Bank's financial statements by the External Auditors;
  • Overall procurement (including the administration of tenders) and the provision of logistics;
  • Assets and properties management;
  • Facilities management (including maintenance);
  • Cost reduction;
  • Project management and the supervision of contractors/suppliers;

Departmental Management

General

The General Services Division is responsible for the overall procurement function in the Bank. However, tenders are invited for the acquisition of all goods/services whose value/cost is in excess of N$100 000.00. The tender process is administered by the Tender Committee. Communications with the Tender Committee are routed via the Secretary of the Tender Committee, who could be reached at tel:+264 61 283 5167-8.


Contacts

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

Tel:+264 61 264 61 283 5074
Fax:+264 61 283 5228
Email: Senior Administrative Assistant


Tenders Inquiries:

Secretary to the Tender Committee,
Tel no:+264 61 2835210,
Fax:+264 61 283 5228


Today’s rates
Inflation rates
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NCPI

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

NCPI 6.30 May 2017
Interest rates
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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 7.00
Prime 10.75
Exchange rates
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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$ / $ 12.9466 23 Jun 2017
N$ / £ 16.4579 23 Jun 2017
N$ / € 14.4634 23 Jun 2017
N$ / AOA 0.0717 23 Jun 2017

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