The Development Bank of Namibia (DBN)’s Chief Executive Officer David Nuyoma said the bank’s loan book is expected to reach N$ 1 billion in a short period of time.
Nuyoma said the DBN’s loan book continues to consolidate its loan book growth.’We expect to in the next two to three months reach a loan book growth of over N$ 1 billion,’ he boasted.’What is very important is how the Bank has maintained respectable levels of repayment despite the maturity and seasoning of the loan book.’We are still within the benchmarks of Development Finance Institutions (DFIs) in respect of the repayment rate,’ he added. – Nampa
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
