Bank BIC Namibia Limited (Bank BIC Namibia) is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

in Namibia. It is licensed by the

Bank of Namibia The Bank of Namibia (BoN) is the central bank of Namibia, whose establishment is enshrined in Article 128 of the Namibian Constitution. It is located in the capital city of Windhoek. The Bank of Namibia was established in 1990 by the ''Bank of Na ...

(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 , national_anthem = " Angola Avante"() , image_map = , map_caption = , capital = Luanda , religion = , religion_year = 2020 , religion_ref = , coordina ...

, with banking subsidiaries in Angola,

Portugal Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of ...

, Cape Verde and

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 ...

, and with a representative office in

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the ...

Overview

The bank operates as a retail bank, serving individuals,

small and medium-sized enterprises Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank ...

(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 city of Walvis Bay, on the

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 ...

coast.

Ownership

Bank BIC Namibia Limited is a 100 percent subsidiary of the Bank BIC Group, headquartered in Angola, with subsidiaries in three African countries, South Africa (representation office), Namibia and Cape Verde; and one European country, Portugal - Banco BIC Português S.A. In July 2017, the group's affiliate in Portugal changed its name from "Banco BIC Portugal" to "Banco EuroBIC", due to court order as there was infringement on the name of "Banco BIG Portugal".

Branch network

The bank's headquarters is at Dr. Agostinho Neto Road, Ausspannplatz,

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 202 ...

, in the central business district of the country's capital city. As of April 2020 the bank maintains branches at these locations: # Head Office: Dr. Agostinho Neto Road, Unit 6 & 5, Ausspann Plaza,

. (Main Branch) # Prosperita Branch: Gold Street, Prosperita Industrial Area, Windhoek. # Walvis Bay Branch: 12th Road,

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 ci ...

. # Rundu Branch: Eugene Kakukuru Street, Shop GF029, Rundu Mall,

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 36,9 ...

# Ongwediva Branch: Unit 123, Oshana Mall,

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 sch ...

Governance

The bank is governed by a five-person board of directors. The chairman of the board is one of the non-executive directors. As of January 2019, the chairperson is Jaime Pedro Galhóz Pereira substituting Fernando Mendes Teles, and as vice-chairman Hugo Miguel Mendes Teles. The Board Executive Team is formed by Lindsay Peter Crawford - CEO, and Mauro Rogério as executive director.

References

External links

Official Website
* https://www.linkedin.com/company/bank-bic-namibia/ * {{coord, 22, 34, 36.5, S, 17, 05, 08.5, E, display=title Banks of Namibia Windhoek Banks established in 2015 Namibian companies established in 2015 2015 establishments in Namibia