Standard Bank Namibia Holdings has announced that its Chief Executive Officer, Mercia Geises, will be stepping down from her position effective from 1 August 2023.
The surprise move, was announced via a statement on the Namibian Stock Exchange.
Geises, who took over from Vetumbuavi Mungunda in 2021, had been with the bank for seven years in various capacities. During her tenure, the bank reported its highest-ever profit of N$624 million for the financial year ended 31 December 2022.
FNB has partnered with BankservAfrica to launch real-time cross-border payments across the Common Monetary Area (CMA) of South Africa, Namibia, Lesotho, and Eswatini for amounts up to N$25,000....
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Over the last twelve months, N$3.37 billion worth of credit was extended, nearly double the amount issued during the same period a year prior, data from IJG Securities...
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The Development Bank of Namibia (DBN) says it has invested over N$21 billion into the development of the country and created more than 76,000 jobs since its inception...
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The Financial Action Task Force (FATF) has commended Namibia for its swift and proactive measures to address anti-money laundering and counter-terrorism financing gaps. The commendation follows Namibia's voluntary...
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By Candy Ngula In an era defined by speed, convenience and connectivity, the world of finance continues to undergo a transformation that has put the power of banking...
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