Bank BIC Namibia Limited
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Bank BIC Namibia Limited
Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa.  Overview The bank operates as a retail bank, serving individuals, small and medium-sized enterprises (SMEs) and large corporations, as well as non governmental organisations. As of December 2018, the bank's total assets were N$374 millIon (approx. US$22.36 million). Shareholders’ equity in 2016 was N$266.77 million (approx. US$14.2 million). History The bank was licensed as a commercial bank in Namibia, in July 2015. It opened for business in June 2016, with one branch at the headquarters building. Later it opened a branch in the Prosperita Industrial Area, south of Windhoek and another branch in the ...
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Windhoek
Windhoek (, , ) is the capital and largest city of Namibia. It is located in central Namibia in the Khomas Highland plateau area, at around above sea level, almost exactly at the country's geographical centre. The population of Windhoek in 2020 was 431,000 which is growing continually due to an influx from all over Namibia. Windhoek is the social, economic, political, and cultural centre of the country. Nearly every Namibian national enterprise, governmental body, educational and cultural institution is headquartered there. The city developed at the site of a permanent hot spring known to the indigenous pastoral communities. It developed rapidly after Jonker Afrikaner, Captain of the Orlam, settled there in 1840 and built a stone church for his community. In the decades following, multiple wars and armed hostilities resulted in the neglect and destruction of the new settlement. Windhoek was founded a second time in 1890 by Imperial German Army Major Curt von François, whe ...
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Cape Verde
, national_anthem = () , official_languages = Portuguese , national_languages = Cape Verdean Creole , capital = Praia , coordinates = , largest_city = capital , demonym = Cape Verdean or Cabo Verdean , ethnic_groups_year = 2017 , government_type = Unitary semi-presidential republic , leader_title1 = President , leader_name1 = José Maria Neves , leader_title2 = Prime Minister , leader_name2 = Ulisses Correia e Silva , legislature = National Assembly , area_rank = 166th , area_km2 = 4033 , area_sq_mi = 1,557 , percent_water = negligible , population_census = 561,901 , population_census_rank = 172nd , population_census_year = 2021 , population_density_km2 = 123.7 , population_density_sq_mi = 325.0 , population_density_rank = 89th , GDP_PPP ...
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Banks Established In 2015
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Banks Of Namibia
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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List Of Banks In Namibia
Licensed commercial banks in Namibia : # Bank Windhoek Limited # First National Bank Namibia Limited # Nedbank Namibia Limited # Standard Bank Namibia Limited # Trustco Bank Namibia Limited # Banco Atlantico # Bank BIC Namibia Limited # Letshego Bank Namibia Limited EBank, a bank with electronic presence but no branches, operated between 2015 and 2017. It is now part of FNB. See also * List of banks in Africa * Economy of Namibia References External links Bank PHB Granted Provisional LicenseBank PHB Provisional License Withdrawn {{Economy of Namibia Banks Namibia Namibia Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and ea ...
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Board Of Directors
A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germ ...
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Ongwediva
Ongwediva is a town in the Oshana Region in the north of Namibia. It is the district capital of the Ongwediva electoral constituency. it had 27,000 inhabitants and covered 4,102 hectares of land. Ongwediva has seven churches, two private schools and 13 government-run schools. Most of the inhabitants speak Oshiwambo. History Ongwediwa started out as a Finnish mission station in 1926. A school for male students was built there at the time, focusing on practical skills. It is talked about as an agricultural and industrial school, although the agricultural emphasis soon faded away. The school started in February 1927, and it was a secondary school, which one could attend after completing primary school. Towards the end of the 1920s, the school started to receive subsidies from the South African government, although this was only a modest £100 per year. The male teacher training seminary was transferred from Oniipa to Ongwediva at the end of 1954. It continues today as part of t ...
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Rundu
Rundu is the capital and largest city of the Kavango-East Region in northern Namibia. It lies on the border with Angola on the banks of the Kavango River about above sea level. Rundu's population is growing rapidly. The 2001 census counted 36,964 inhabitants; and for the 2011 census it has climbed to 63,430. History In 1936, it became the seat of the local governor as it replaced Nkurenkuru as capital of the Kavango district. The town has since grown into a multilingual city of the Kavango region by then now is for Kavango East and only recently its official status was changed to that of a town. Since 1993, its St. Mary's Cathedral is the episcopal seat of the Roman Catholic Apostolic Vicariate of Rundu. Politics Rundu is governed by a town council that has seven seats. The 2015 local authority election was won by SWAPO which gained five seats (6,973 votes). One seat each went to the local Rundu Concerned Citizens Association (1,043 votes) and the All People's Party (APP ...
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Walvis Bay
Walvis Bay ( en, lit. Whale Bay; af, Walvisbaai; ger, Walfischbucht or Walfischbai) is a city in Namibia and the name of the bay on which it lies. It is the second largest city in Namibia and the largest coastal city in the country. The city covers a total area of of land. The bay is a safe haven for sea vessels because of its natural deepwater harbour, protected by the Pelican Point sand spit, being the only natural harbour of any size along the country's coast. Being rich in plankton and marine life, these waters also drew large numbers of southern right whales, attracting whalers and fishing vessels. A succession of colonists developed the location and resources of this strategic harbour settlement. The harbour's value in relation to the sea route around the Cape of Good Hope had caught the attention of world powers since it was discovered by the outside world in 1485. This explains the complicated political status of Walvis Bay down the years. The town is situated ...
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Central Business District
A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city centre" or "downtown". However, these concepts are not necessarily synonymous: many cities have a central ''business'' district located away from its commercial and or cultural centre and or downtown/city centre, and there may be multiple CBDs within a single urban area. The CBD will often be characterised by a high degree of accessibility as well as a large variety and concentration of specialised goods and services compared to other parts of the city. For instance, Midtown Manhattan, New York City, is the largest central business district in the city and in the United States. London's city centre is usually regarded as encompassing the historic City of London and the medieval City of Westminster, while the City of London and the transform ...
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Atlantic Ocean
The Atlantic Ocean is the second-largest of the world's five oceans, with an area of about . It covers approximately 20% of Earth's surface and about 29% of its water surface area. It is known to separate the " Old World" of Africa, Europe and Asia from the "New World" of the Americas in the European perception of the World. The Atlantic Ocean occupies an elongated, S-shaped basin extending longitudinally between Europe and Africa to the east, and North and South America to the west. As one component of the interconnected World Ocean, it is connected in the north to the Arctic Ocean, to the Pacific Ocean in the southwest, the Indian Ocean in the southeast, and the Southern Ocean in the south (other definitions describe the Atlantic as extending southward to Antarctica). The Atlantic Ocean is divided in two parts, by the Equatorial Counter Current, with the North(ern) Atlantic Ocean and the South(ern) Atlantic Ocean split at about 8°N. Scientific explorations of the A ...
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Non Governmental Organisation
A non-governmental organization (NGO) or non-governmental organisation (see spelling differences) is an organization that generally is formed independent from government. They are typically nonprofit entities, and many of them are active in humanitarianism or the social sciences; they can also include clubs and associations that provide services to their members and others. Surveys indicate that NGOs have a high degree of public trust, which can make them a useful proxy for the concerns of society and stakeholders. However, NGOs can also be lobby groups for corporations, such as the World Economic Forum. NGOs are distinguished from international and intergovernmental organizations (''IOs'') in that the latter are more directly involved with sovereign states and their governments. The term as it is used today was first introduced in Article 71 of the newly-formed United Nations' Charter in 1945. While there is no fixed or formal definition for what NGOs are, they are general ...
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