Standard Bank Namibia Chief Executive Officer (CEO), Erwin Tjipuka, has been appointed as the new chairperson of the Bankers’ Association of Namibia (BAN).
Tjipuka takes over the annual rotational position bestowed on heads of commercial banking institutions in Namibia from First Rand Group’s Conrad Dempsey.
Bank of Namibia Governor, Johannes !Gawaxab, who witnessed the annual handover, stressed the importance of continued support for households and businesses, noting that withdrawing support prematurely could be detrimental to the economy as it recovers.
This comes as the Bank of Namibia has implemented credit relief measures and called for targeted interventions in primary and underserved sectors, including the SME Economic Recovery Loan Scheme.
The Governor also remarked that the banking sector remains resilient, well-capitalized, and profitable, thus safeguarding financial stability.
However, he pointed out that cybersecurity risks are a persistent threat that must be carefully monitored and mitigated.
