Standard Bank Namibia Limited, commonly referred to as Standard Bank Namibia, is a commercial bank in
Namibia
Namibia (, ), officially the Republic of Namibia, is a country in Southern Africa. Its western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south and ea ...
. It is licensed, supervised and regulated by the
Bank of Namibia, the
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
and national banking regulator.
Since 19 November 2019, the
stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
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.
SNO and its subsidiaries are members of the
Standard Bank Group
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.
History ...
, a financial services conglomerate, headquartered in
South Africa
South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...
, with subsidiaries in 20 African countries, and with total assets worth nearly US$143 billion, as of 31 December 2020.
Overview
Standard Bank Namibia Limited is a large financial services organisation in Namibia. As of 31 December 2020, SNO had assets valued at NAD:33,309,509,000 (US$: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.
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:
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.
See also
*
Economy of Namibia
The economy of Namibia has a modern market sector, which produces most of the country's wealth, and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding, Namibia has more than ...
*
Standard Bank of South Africa
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.
History ...
*
List of banks in Namibia
Licensed commercial banks in Namibia :
# Bank Windhoek Limited
# First National Bank Namibia Limited
# Nedbank Namibia Limited
# Standard Bank Namibia Limited
# Trustco Bank Namibia Limited
# Banco Atlantico
# Bank BIC Namibia Limited
# Le ...
References
External links
Official Website
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Banks of Namibia
Companies listed on the Namibian Stock Exchange
Companies based in Windhoek
Banks established in 1915
1915 establishments in South West Africa