Development Bank of Namibia
Namibian development bank
- Loans
- Equity Partnerships
- Financial Advisory Services
- Management Services
- Export/Import Finance
Headquarters[1]: 22
The Development Bank of Namibia (DBN) is a state owned development bank in Namibia.
Overview
The bank began its operations in 2004. The main objective of DBN is to promote and finance development in those sectors of the economy which support development and the welfare of the citizens of the country. As of December 2011[update], the total asset valuation of the bank was in excess of US$146 million (NAD:1.602 billion), with shareholders equity of approximately US$144.3 million (NAD:1.583 billion)[2]
Leadership
The Development Bank of Namibia is led by a CEO who is part of the board of directors. CEOs of the DBN have been:
- Martin Inkumbi (until 2023)[3]
- John Steytler (2023–)[4]
See also
- List of banks in Namibia
- Economy of Namibia
- Government of Namibia
References
- ^ "2013 Annual Report" (PDF). Development Bank of Namibia. Retrieved 5 December 2014.[permanent dead link]
- ^ "Audited 31 March 2011 Financial Report". Archived from the original on 22 February 2014. Retrieved 13 February 2014.
- ^ "Annual Reports". www.dbn.com.na. Archived from the original on 2017-08-17. Retrieved 2017-08-17.
- ^ "Steytler Bags Development Bank's Top Post". Namibia Economist. 31 May 2023.
External links
- Official Website of Development Bank of Namibia
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Economy of Namibia
Currency: Namibian dollar (South African rand)
- Agriculture
- Mining
- Banking
- Communications
- Power stations
- Tourism
- Transportation
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