
The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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It is no secret that financial wellness is an integral part of a functional personal financial system. It is also no secret that while there is a wide spread of guidance to financial wellness, many tend to ignore the guidelines and remain stagnant in puddles of financial stress.
FNB Namibia has employed an additional 30 consultants in its contact centre as part of efforts to enhance its points of contact with its customer base of over 700,000 individuals in Namibia.
The Bank of Namibia (BoN) has thrown its support around proposed measures to reduce foreign ownership in commercial banks, saying decision making at financial institutions should resort with locals.
FNB Namibia says private sector credit uptake is projected to average 2.9% in 2023 as consumers are anticipated to forgo luxuries and downsize their expenditures due to the declining spending power.