The Development Bank of Namibia (DBN) has announced the immediate resignation of its Chief Executive Officer, John Steytler.
According to the bank, Steytler has stepped down to pursue new interests and opportunities.
The DBN Board has appointed John Mbango, Head of Coverage and Large Transactions, as Acting CEO while the recruitment process for a substantive CEO is underway.
“Dr. Steytler has served as CEO since September 2023 and has made a marked impact on the Bank. We thank him for his service and dedication and wish him well in his future endeavors,” said Evangelina Nailenge, Chairperson of the Board.
The bank reaffirmed its commitment to its mandate of driving Namibia’s developmental agenda and socioeconomic growth.
The DBN, a statutory financial institution established under the Development Bank of Namibia Act of 2002, is dedicated to financing projects that contribute to Namibia’s economic development and sustainable growth.
Through various programs, the bank supports initiatives that foster socio-economic development, with a focus on sustainability and community welfare.
