Development Bank of Namibia

The Development Bank of Namibia (DBN) is a state owned development bank in Namibia.

Development Bank of Namibia
TypeParastatal
IndustryFinance
Founded2004
Headquarters
Windhoek
,
Namibia
Key people
Products
  • Loans
  • Equity Partnerships
  • Financial Advisory Services
  • Management Services
  • Export/Import Finance
RevenueIncrease After tax: US$3.216 million (NAD: 35.3 million) (2011)
Total assetsUS$146.01 million (NAD: 1.602+ billion) (2011)
OwnerGovernment of Namibia
WebsiteHomepage
Footnotes / references
Headquarters[1]: 22 
DBN headquarters in Windhoek

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, 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]

Board of directors

As of January 2016, the following individuals constituted the board of directors of the Development Bank OF Namibia:[3]

See also

References
  1. "2013 Annual Report" (PDF). Development Bank of Namibia. Retrieved 5 December 2014.
  2. "Audited 31 March 2011 Financial Report". Archived from the original on 22 February 2014. Retrieved 13 February 2014.
  3. "Annual Reports". www.dbn.com.na. Archived from the original on 2017-08-17. Retrieved 2017-08-17.


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