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.
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Standard Bank Namibia says it has invested more than N$35 million in Corporate Social Investment (CSI) initiatives over the past five years. The bank’s wide-ranging support spans health,...
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The microlending sector accounted for the bulk of serious regulatory breaches in Namibia’s non-banking financial institutions (NBFI) industry during the first quarter of 2025, according to the latest...
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