Development Bank of Namibia
{{Short description|Namibian development bank}}
{{third-party|date=December 2016}}
{{Infobox company
| name = Development Bank of Namibia
| logo =
| type = Parastatal
| owner = Government of Namibia
| slogan =
| foundation = 2004
| location_city = Windhoek
| location_country = Namibia
| key_people = John Mbango (Interim CEO)
| num_employees =
| industry = Finance
| revenue = {{Profit}} After tax: US$3.216 million (NAD: 35.3 million) (2011)
| assets = US$146.01 million (NAD: 1.602+ billion) (2011)
| products = {{unbulleted list|Loans|Equity Partnerships|Financial Advisory Services|Management Services|Export/Import Finance}}
| homepage = {{url|www.dbn.com.na|Homepage}}
| footnotes = Headquarters{{rp|22}}
}}
File: Development Bank of Namibia.jpg
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. {{asof|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){{Cite web |url=http://www.dbn.com.na/index.php?option=com_content&view=article&id=55&Itemid=21 |title=Audited 31 March 2011 Financial Report |access-date=13 February 2014 |archive-url=https://web.archive.org/web/20140222063304/http://www.dbn.com.na/index.php?option=com_content&view=article&id=55&Itemid=21 |archive-date=22 February 2014 |url-status=dead }}
Leadership
The Development Bank of Namibia is led by a chief executive officer who is part of the board of directors. CEOs of the DBN have been:
- Martin Inkumbi (until 2023){{Cite web|url=http://www.dbn.com.na/index.php/publication-home/annual-reports/category/40-annual-report-2016|title=Annual Reports|website=www.dbn.com.na|language=en-gb|access-date=2017-08-17|archive-date=2017-08-17|archive-url=https://web.archive.org/web/20170817164658/http://www.dbn.com.na/index.php/publication-home/annual-reports/category/40-annual-report-2016|url-status=dead}}
- John Steytler (2023–2025){{Cite news | title=Steytler Bags Development Bank's Top Post | newspaper=Namibia Economist | date=31 May 2023 | url=https://economist.com.na/79609/general-news/steytler-bags-development-banks-top-post/}}{{Cite web |last=Lazarus |first=Shania |date=2025-03-11 |title=DBN chief executive John Steytler resigns with immediate effect, interim CEO appointed |url=https://www.namibian.com.na/dbn-chief-executive-john-steytler-resigns-with-immediate-effect-interim-ceo-appointed/ |access-date=2025-03-22 |website=The Namibian |language=en-GB}}
With the resignation of John Steytler as CEO in March 2025, John Mbango was appointed interim CEO.
See also
References
External links
- [http://www.dbn.com.na/ Official Website of Development Bank of Namibia]
{{Economy of Namibia}}
{{Authority control}}
Category:Banks established in 2004
Category:Namibian companies established in 2004
Category:Companies based in Windhoek
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