Standard Bank Namibia

Standard Bank Namibia Limited, commonly referred to as Standard Bank Namibia, is a Namibian commercial bank. It is licensed, supervised and regulated by the Bank of Namibia, the central bank and national banking regulator.[2] Since 19 November 2019, the stock of the holding company of this bank, going by the name Standard Bank Namibia Holdings Limited is listed on the Namibian Stock Exchange (NSX), where it trades under the symbol SNO.[3][4]

SNO and its subsidiaries are members of the Standard Bank Group, a financial services conglomerate, headquartered in South Africa, with subsidiaries in 20 African countries, and with total assets worth nearly US$143 billion, as of 31 December 2020.[5]

Overview

Standard Bank Namibia Limited is a large financial services organisation in Namibia. As of 31 December 2020, SNO had assets valued at NAD:33,309,509,000 (US$:2,354,220,000), with shareholders' equity of NAD:3,720,927,000 (approximately: US$262,984,000). At that time, the institution employed in excess of 1,500 people in 63 interlinked brick-and-mortar branches and maintained 372 automated teller machines.[6]

Ownership

The shares of stock of Standard Bank Namibia Holdings Limited are listed in the Namibian Stock Exchange, where they trade under the symbol SNO. The ownership in the company stock is as illustrated in the table below:[7]

Governance

As of May 2021, the chairman of the Board of Directors of Standard Bank Namibia Holdings Limited, is Herbert Maier, a non-executive director. The managing director and chief executive officer is Mercia Geises.[4][5]

See also

• Economy of Namibia
• Standard Bank of South Africa
• List of banks in Namibia

External links

• Official Website