FIDES Bank Namibia

FIDES Bank Namibia is a commercial bank of Namibia .

General presentation

FIDES Bank Namibia received its provisional license on 2 , 3 and his permanent license on4 , 5 . The head office of the institution is located inOngwediva in the Oshana region (North Namibia ). It is one of five commercial banks 6 who received a banking license to operate in the country by the national regulator, thecentral bank Bank of Namibia 7 , 8 and the first bank microfinance created in the country since its independence 9 .

History

The bank was founded on the basis of a pilot project called Koshi Yomuti ELO 10 , 11 . This project developed activities microfinance from 2002 to 2010 12 , 13 , 14 , specifically targeting populations rural seeking to develop income-generating activities. This project initially started in the Ohangwena region and then progressively expanded to Ondangwa in 2005 , Oshakati in 2006 and Outapi in 2007.. During the creation of the bank , the portfolio of credit has been transferred to the new institution, which then also developed a portfolio of credit used to finance SMEs 15 .

Activity

FIDES Bank Namibia is present in two banking segments 5 :

  • Financing of income generating activities ( microfinance ): this activity aims to offer savings and credit services to a clientele mainly located in rural areas of the country 16 . The development of this activity is based on a group methodology 17 involving almost totally excluded populations of traditional Namibian banking system 18 .
  • Financing SMEs : this target activity of enterprises semi-formal and formal, not generally little or approached by the banks traditional 18 .

At the end of 2011 , FIDES Bank Namibia had around 11,000 clients and just over 650 microfinance groups 19 , 1 , who borrow an average of 216 euro 1 .

Geographical presence and branch network

Ongwediva
Outapi
Oshikango
Oshakati
Ondangwa
Katutura
Presence of FIDES Bank Namibia in Namibia in 2012

In FIDES Bank Namibia is present in the four regions of north-central Namibia ( Ohangwena , Omusati , Oshana and Oshikoto ) and plans to open an additional branch in Katutura , Khomas 20 . It has a network of 5 branches located in Ondangwa , Oshakati , Oshikango , Outapi and Windhoek ( Katutura ). The first agencies were opened in Oshakati in21 , 22 .

Shareholding

The capital of FIDES Bank Namibia is held in 2012 by five shareholders :

  • Swiss Microfinance Holding (30.05%) 19 ;
  • The bank development German KfW (24.90%) 23 ;
  • The French investment fund Investisseurs et Partenaires pour le développement (22.45%);
  • The Flemish fund Volksvermogen NV (12.60%) 24 , 19 ; and
  • The Credit Cooperative (since the end of 2011 to 10.00%).

Notes and references

  1. ↑ a , b and c ( in ) ” FIDES Bank Namibia ”  [ archive ] , on www.incofin.com , Incofin, (accessed September 21, 2012 )
  2. ↑ ( af ) Niel Terblanche , ” GOOD staan aan banklisensie mikrolener toe ” , Die Republikein ,
  3. ↑ ( in ) ” First micro finance bank gets license ” , Namibia Economist ,
  4. ↑ ( in ) Desie Heita , ” Bank for poor opens its doors ” , New Era ,
  5. ↑ a and b in ) Roman Pletter and Kristina Maroldt , ” Business on Credit ” , Enorm,
  6. ↑ ( in ) Desie Heita , ” Big Four Banks Not Scared of Competition ” , New Era,
  7. ↑ ( in ) Desie Heita , ” Micro Finance Banking Sparks Need for Regulation ” , New Era,
  8. ↑ ( in ) Sukaynah Alkatib , ” Lifeline for the ” , Insight Namibia ,
  9. ↑ ( of ) Marco Mach , ” Mikrofinanzbank erhält Lizenz ” , Allgemeine Zeitung,
  10. ↑ ( in ) Tonderai Katswara , ” Microfinance Improves lives of rural people ” , The Namibian ,
  11. ↑ ( af ) Fred Goeieman , ” Vrede vestig die grundlag vir groei, se kenner ” , Die Republikein ,
  12. ↑ ( in ) Da’oud Vries , ” Germany Gives seed capital for Namibia’s first microfinance banking institution ” , The Namibian ,
  13. ↑ ( af ) Ruhan Bothma , ” Miljoene dollar hulp vir entrepreneurs ” , Die Republikein,
  14. ↑ ( in ) ” Koshi Yomuti Profile MIX-Market ”  [ archive ] , at www.mixmarket.org , Microfinance Information Exchange (accessed November 25, 2011 )
  15. ↑ ( in ) Thorsten Geutling , ” Germany Bankrolls Micro Finance Bank for the North ” , Informant ,
  16. ↑ ( in ) Daniela Meyer , ” Victorias Bankgeheimnis ” , € uro ,
  17. ↑ ( in ) ‘ Grameen Model Launched in Namibia ” , Business Post ,
  18. ↑ a and b en ) ” FIDES Bank Namibia ” , Financial Services Namibia 2011-2012 , June 2011-June 2012
  19. ↑ a , b and c ( in ) ” MIX-Market Profile of FIDES Bank Namibia ”  [ archive ] , on www.mixmarket.org , Microfinance Information Exchange (accessed September 30, 2012 )
  20. ↑ ( in ) Willian J. Mbangula , ” Fides Bank to open Katutura branch ” , Informant,
  21. ↑ ( af ) Oshakati-kantoor , ” FIDES bank open tak op Oshakati ” , Die Republikein,
  22. ↑ ( in ) ” FIDES Bank Namibia Limited ouvert icts doors to the public ”  [ archive ] , on www.nbc.com.na , NBC News , (accessed November 25, 2011 )
  23. ↑ ( in ) Ndapwa Alweendo , ” German investor in micro-finance bank has no plans to stick around long ” , The Namibian ,
  24. ↑ ( in ) ” Volksvermogen Contributes to a Capital increase in FIDES Bank Namibia to supporting further Top ict growth ”  [ archive ] , on www.incofin.com , Incofin (accessed September 21, 2012 )

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