Namibia’s non-bank financial institutions (NBFIs) sector recorded asset growth of 5.3% during the third quarter of the year, with total assets rising to N$528.2 billion, according to the Namibia Financial Institutions Supervisory Authority (Namfisa).
Namfisa said the increase represented a 5.3% rise quarter on quarter and a 14.8% improvement compared to the same period last year.
“This growth was underpinned by favourable financial market developments, with pension funds, long-term insurers and collective investment schemes collectively accounting for more than 91% of the sector’s total assets,” the regulator said.
The figures were published in Namfisa’s Quarterly Statistical Bulletin for the third quarter of 2025, which provides an overview of trends, performance and regulatory developments in the NBFI sector for the period from 1 July to 30 September 2025.
According to the bulletin, the sector comprised 1,142 active entities and 15,406 registered intermediaries at the end of the reporting period, underscoring its scale and importance within Namibia’s financial system.
Regulatory compliance across the sector showed mixed results. Namfisa reported that 59.7% of entities, or 682 institutions, were classified as Stage 1, indicating full compliance with regulatory requirements. However, 4.1%, representing 47 entities, were classified as Stage 5, meaning they were non-compliant.
Of the non-compliant entities, 83% were concentrated in the microlending industry.
“The primary drivers of non-compliance among Stage 4 and Stage 5 microlenders included failure to submit regulatory returns, non-payment of levies, and persistent disregard for compliance obligations, such as failure to respond to inspection findings or implement required remedial actions,” the report said.
During the third quarter of 2025, a total of 98 consumer complaints were registered. This marked a 6.7% decline from the previous quarter but a 22.5% increase compared to the same period in 2024.
Namfisa said 82.7% of complaints were resolved, with 95.1% of these concluded within the prescribed 40-day service-level agreement timeframe. As a result, consumers were awarded a total of N$157,105 in compensation.
The short-term insurance sector accounted for 41.4% of all complaints received during the quarter.
“The NBFI sector continues to demonstrate resilience, supported by solid investment performance, sustained demand across industries and ongoing regulatory oversight,” Namfisa said. “These factors underpin a favourable short- to medium-term outlook for the sector.”
