BoN warns against swiping limits for consumers
The Bank of Namibia (BoN) has issued a warning against merchants enforcing card swiping limits, emphasising the banking industry's responsibility to stop minimum or maximum purchase restrictions ...
Tag: banks
Know the most common types of bank frauds
International law states that any illegal act involving deception to obtain money from a financial institution or a bank's depositors ...
Navigating repossessions: What consumers need to know
A financial downturn has many negative effects, with perhaps the most distressing for consumers being the repossession of an asset. ...
Namibia commercial bank’s assets surge to N$166.3 Billion
Total assets held by Namibia's four largest local banks reached N$166.3 billion as of 30 June 2023, representing a 6% ...
Local banks advance N$53bn in mortgage loans
PSG Wealth Namibia reports that the combined mortgage loans, encompassing both commercial and residential loans from the country's four major ...
BoN calls for market conduct reforms to tackle high banking fees
The Bank of Namibia says there is a need to tackle high banking fees by ironing out market conduct issues ...
Mortgage requirements for residential properties eased
The Minister of Finance and Public Enterprises, Iipumbu Shiimi has issued new regulations that scrap the requirement for a deposit ...
