Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a registered

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 cor ...

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 ...

, which 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 Nam ...

(BoN) to operate in the country. It provides

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

to its clients in Namibia which include personal,

Small and Medium-sized Enterprise 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 ...

s (SMEs), commercial accounts and financial products. Bank_Windhoek_Head_Office_And_Windhoek_Branch

Bank Windhoek also offers foreign exchange services throughout its branches and through a joint venture with

American Express American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was found ...

, which has various outlets in Namibia. While being an autonomous Namibian company, the bank also provides international banking services through direct liaison with financial centres and institutions worldwide.

Branch network and localised ATMs

Bank Windhoek has the largest branch network and footprint across Namibia. As of June 2022, it has 51 branches, agencies and specialist branches countrywide. The bank also has a corporate and institutional banking division with offices in

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 20 ...

Oshakati Oshakati is a town in northern Namibia. It is the regional capital of the Oshana Region and one of Namibia's largest places. Oshakati was founded in July 1966 and proclaimed a town in 1992. The town was used as a base of operations by the S ...

and

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 c ...

. The bank also has 149 ATMs across Namibia and 253 Bank Windhoek Cash Express ATMs installed at various merchant locations countrywide in partnership with ATM Solutions Namibia. Bank Windhoek is also the only bank in Namibia to offer ATM's with local language options.

Ownership structure

Bank Windhoek, a fully owned subsidiary of the Capricorn Group, is the largest entity under the umbrella of Capricorn Investment Group Limited, branded as "Capricorn Group", a Namibian financial services group listed on the Namibian Stock Exchange, with interests in banking, insurance, asset management, investments and microfinance. Until May 2017, Capricorn Group was a subsidiary of Capricorn Investment Holdings Limited (CIH). At present, the two largest shareholders of Capricorn Group are Capricorn Investment Holdings (CIH), which holds a 41% shareholding in Capricorn Group and the Government Institutions Pension Fund, which holds 25.9%. Bank Windhoek contributes more than 95% of the total income of Capricorn Group and represents more than 89% of the group's net asset value. While BW Finance, a subsidiary of Bank Windhoek, is the vehicle through which the group does its

micro lending :''This article is specific to small loans, often provided in a pooled manner. For direct payments to individuals for specific projects, see Micropatronage. For financial services to the poor, see Microfinance. For small payments, see Micropaym ...

business, which is a separate entity, as per regulation.

Directors

References

{{Authority control Banks of Namibia Banks established in 1982 1982 establishments in South West Africa

Branch network and localised ATMs

Ownership structure

Directors

See also

References