Development Bank of Namibia

Development Bank of Namibia (DBN) is a government-owned development bank in Namibia.

Development Bank of Namibia
Parastatal
IndustryFinance
Founded2004
Headquarters
Windhoek
,
Namibia
Key people
  • Tania Hangula (Chairperson)
  • Martin Inkumbi (Chief Executive Officer)
Products
  • Loans
  • Equity Partnerships
  • Financial Advisory Services
  • Management Services
  • Export/Import Finance
RevenueAftertax: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

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]

  • Tania Hangula: Chairperson
  • Tabitha Mbome
  • Muetulamba Shingenge-Haipinge
  • Emma Haiyambo
  • Albie Basson
  • Justus Hausiku
  • Martin Inkumbi: Chief Executive Officer
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gollark: I simply cannot trust it for anything ever.
gollark: Plus, every time I work on a JS project and leave it for 6 months npm gives me a ton of "dependency security issue" warnings.
gollark: In one event on here I lost an *hour* of time tracking down a bug which would be stopped if it errored on out of bounds array access instead of just doing `undefined`.
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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. Retrieved 2017-08-17.


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