The Development Bank of Namibia (DBN) says, since its inception in 2004, it has approved loans totalling over N$20 billion in nearly two decades, up to February 2024.
The accomplishment has led to the creation of just over 115 jobs, indicating the bank’s contribution to economic development in Namibia.
DBN CEO John Steytler reminisced about the bank’s humble origins, highlighting that back in 2004, DBN operated with just 13 employees and a loan book valued at N$62.3 million.
Since then, he said the institution has witnessed significant expansion, both in its loan portfolio and its influence on the Namibian economy.
“The potential for transformation in our economic living is vast, offering numerous avenues for growth and progress,” he said, emphasising the bank’s commitment to aligning with transformative forces and guiding principles to navigate pivotal moments effectively.
He said DBN has established four strategic pillars to guide its operations, including prioritising sustainable development and upholding human rights, fostering a vibrant organisational culture, emphasising market positioning, and ensuring development effectiveness.
The latter pillar underscores DBN’s focus on measuring success not only by financial metrics but also by the tangible impact it has on individuals and communities.
Moreover, DBN’s investments, totalling N$18 billion over10 years, demonstrate its dedication to global progress.
“By investing in initiatives that promote inclusivity and excellence, DBN contributes to a world that prioritises continuous learning and development,” said the CEO.
The bank marked its 20th anniversary celebration at Droombos, situated on the outskirts of Windhoek, as it reflected on its journey.
