FINANCE
THE BANK OF NAMIBIA
The Bank of Namibia is the central bank. It is the foreign exchange authority and as the banker for the government and commercial banks acts as the supervisory authority on financial institutions and monetary matters in the country. It also issues bank notes and coins. The Agribank of Namibia assists the domestic agricultural sector, while the Development Bank of Namibia assists small and medium-size enterprises. The SME Bank gives special attention to projects of small and mediumsize enterprises (SMEs), and those catering to rural communities, micro-enterprises and previously disadvantaged individuals (PDIs). The SME Bank holds a commercial banking license and can thus offer full banking services – personal banking (retail), corporate banking as well as treasury and investment management – to individuals and companies that are not necessarily SMEs.
COMMERCIAL BANKS
The following commercial banks operate in Namibia: BANK BIC +264 83 330 9000 www.bankbic.na BANK WINDHOEK +264 61 299 1200 www.bankwindhoek.com.na FIRST NATIONAL BANK OF NAMIBIA LTD +264 61 299 2111 callcentre1@fnbnamibia.com.na www.fnbnamibia.com.na NEDBANK OF NAMIBIA LTD +264 61 295 2222 serviceplus@nedbank.com.na www.nedbank.com.na/home SME BANK +264 61 430 1000 info@smebank.com.na www.smebank.com.na STANDARD BANK OF NAMIBIA LTD +264 61 294 2126 / +264 61 294 2136 / MTC 0819286 info@standardbank.com.na www.standardbank.com.na All Namibian banks are connected to major international communication networks, ensuring fast and efficient transfers of funds to and from other centres in the world. In September 1993 Namibia introduced its own currency, the Namibia Dollar (N$), divided into 100 cents. The Namibia Dollar is linked to the South African Rand (ZAR), which is also legal tender in Namibia.
KNOW YOUR CURRENCY Inspect security features NEW BANKNOTE FAMILY Both the old and upgraded banknotes will run concurrently and will be accepted as legal tender in the payment for goods and services in Namibia.
VITAL CONTACTS EAN – THE ECONOMIC ASSOCIATION OF NAMIBIA +264 81 1559775 info@ean.org.na www.ean.org.na The EAN strives to further the economic development of Namibia by bridging the apparent gap between private and public sector players, and to open channels for improved dialogue, support and cooperation. ICAN – THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NAMIBIA +264 61 22 02181 secretariat@icanpaab.com www.icancpd.net NIPA – THE NAMIBIA INSTITUTE OF PROFESSIONAL ACCOUNTANTS +264 61 38 2700 office@nipa.com.na www.nipa.com.na PAAB – THE PUBLIC ACCOUNTANTS AND AUDITORS BOARD +264 61 285 8467 secretariat@paap.com.na NAMIBIA STOCK EXCHANGE +264 61 227 647 info@nsx.com.na www.nsx.com.na w w w. n a m i b i a t r a d e d i r e c t o r y. c o m
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