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Bank of Namibia

Summary

Find out more about Macroprudential Oversight Committee Statement July 2024.

Macroprudential Oversight Committee Statement July 2024
12 July 2024 | Media Release
 

The Macroprudential Oversight Committee (MOC)1 of the Bank of Namibia (the Bank) held its first meeting of the year on the 10th of July 2024, to assess potential risks and vulnerabilities in the Namibian financial system. Based on a thorough assessment of global and domestic macro-financial developments, the Committee found the domestic financial system to be stable, sound, and resilient. This is despite rising vulnerabilities and risks, particularly concerns around elevated non-performing loans (NPLs).

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