Standard Bank Namibia has recorded an increase of 98% in home loan volumes.
Speaking at the bank’s Home Loans Grand Finale event, head of home loans Randy Slabbert said the bank also recorded a 48% year-on-year increase in participating estate agents and a 75% rise in the value of new business.
“Results of this magnitude are only possible through partnerships and a shared focus on serving our customers efficiently,” he said.
The event awarded top-performing estate agents, and developers and consultants were recognised for their role in driving growth across the housing market.
Standard Bank chief executive Erwin Tjipuka at the event said the bank’s Buy-a-Brick initiative was able to raise N$2.5 million in 2024, enabling the construction of over 60 homes for families previously living in informal settlements.
“Through Buy-a-Brick, we are not just building houses, we are building hope,” he said.
In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.
The Namibian uses AI tools to assist with improved quality, accuracy and efficiency, while maintaining editorial oversight and journalistic integrity.
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!
