Bank Windhoek

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Bank Windhoek Limited

Type	Subsidiary
Traded as	NSX: CGP[1]
Industry	Banking
Founded	1982; 39 years ago (1982)
Headquarters	Windhoek, Namibia
Area served	Namibia
Key people	Johan Swanepoel (Chairman) Baronice Hans (Managing Director)[2]
Products	Financial services Loans Transactional Savings Investments
Number of employees	1545+ (2020)
Parent	Capricorn Group
Website	www.bankwindhoek.com.na

Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a registered commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients in Namibia which include personal, Small and Medium-sized Enterprises (SMEs), commercial accounts and financial products.

Bank Windhoek headquarters in Independence Avenue, Windhoek

Bank Windhoek also offers foreign exchange services throughout its branches and through a joint venture with American Express, which has various outlets in Namibia. While being an autonomous Namibian company, the bank also provides international banking services through direct liaison with financial centres and institutions worldwide.

Branch network and localised ATMs[]

Bank Windhoek has the largest branch network and footprint across Namibia. As of July 2017, it has 55 branches, agencies and specialist branches countrywide. The bank also has a corporate and institutional banking division with offices in Windhoek, Oshakati and Walvis Bay.

The bank also has 112 ATMs across Namibia and 220 Bank Windhoek Cash Express ATMs installed at various merchant locations countrywide in partnership with ATM Solutions Namibia.

Bank Windhoek is also the only bank in Namibia to offer ATM's with local language options.^[3]

Ownership structure[]

Bank Windhoek, a fully owned subsidiary of the Capricorn Group, is the largest entity under the umbrella of Capricorn Investment Group Limited, branded as "Capricorn Group", a Namibian financial services group listed on the Namibian Stock Exchange, with interests in banking, insurance, asset management, investments and micro finance.

Until May 2017, Capricorn Group was a subsidiary of Capricorn Investment Holdings Limited (CIH). At present, the two largest shareholders of Capricorn Group are Capricorn Investment Holdings (CIH), which holds a 41% shareholding in Capricorn Group and the Government Institutions Pension Fund, which holds 25.9%.

Bank Windhoek contributes more than 95% of the total income of Capricorn Group and represents more than 89% of the group's net asset value. While BW Finance, a subsidiary of Bank Windhoek, is the vehicle through which the group does its micro lending business, which is a separate entity, as per regulation.

Directors[]

See also[]

• Economy of Namibia
• Bank Gaborone
• List of banks in Namibia

References[]