Bank Windhoek

Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a commercial bank operating in the Namibian market. Bank Windhoek Ltd conducts business as a registered bank and provides comprehensive banking services to its clients in Namibia. While being an autonomous Namibian company the bank also provides international banking services through direct liaison with financial centres and institutions worldwide. The bank is one of the commercial banks licensed to operate in Namibia by the Bank of Namibia, the national banking regulator.

Bank Windhoek has a strong track record of making banking more accessible in remote areas of Namibia. Of all commercial banks operating in the country, Bank Windhoek has the largest branch network and footprint across Namibia. As of June 2016 Bank Windhoek has 55 branches, agencies and specialist branches countrywide. The bank also has a corporate and executive banking division with offices in Windhoek, Oshakati and Walvis Bay. Bank Windhoek offers foreign exchange services throughout its branches and through a joint venture with American Express, which has various outlets in Namibia. Bank Windhoek has 107 ATMs across Namibia and 258 Bank Windhoek Cash Express ATMs installed at merchants countrywide in partnership with ATM Solutions Namibia.

Bank Windhoek was established in 1982, when a group of Namibian entrepreneurs took over eight local branches of Volkskas Bank. The aim was to create a financially independent bank for Namibians in Namibia. Over the years, Bank Windhoek has built a strong financial position and achieved remarkable growth.

With its slogan "Together we do better", Bank Windhoek strives "to be the preferred bank in Namibia" and its purpose is "to make banking a rewarding experience" for Namibians. The business operation is built on teamwork, excellence, learning, passion, integrity and innovation, while service values are friendliness, helpfulness, empathy, professionalism, competency and efficiency. As of December 2015, Bank Windhoek reported total assets of N$30.9 billion (Source document: Bank Windhoek Interim Results December 2015).

Bank Windhoek is the largest entity under the umbrella of Bank Windhoek Holdings Ltd, a Namibian financial services group listed on the Namibian Stock Exchange, in which Capricorn Investment Holding (CIH) is the majority shareholder. Bank Windhoek Holdings Ltd and its subsidiaries (the group) are committed to the principles of corporate governance, which are characterised by discipline, transparency, independence, accountability, responsibility, fairness and social responsibility. By subscribing to these principles, the group believes that all stakeholders’ interests are promoted, including the creation of long-term shareholder value. The board and its subcommittees are responsible for ensuring the appropriate application of governance practices and principles contained in the Corporate Governance Code for Namibia (NamCode).