Namibian banks

1. Namibian Banking
System

2. Bank of Namibia
Every country has a central bank of its own with different names.
Bank of Namibia is the Central Bank in Namibia.
https://www.bon.com.na/default.aspx
A central bank is a national or government's bank. It is the most important bank in a country.
The main aim of a central bank is to maintain monetary and economic stability of
a country. It enjoys the monopoly of note issue.

3. Functions of a Central Bank
 Implementation of monetary policy.
 Controls the nation's entire money supply.
 The Government's banker and the bankers' bank ("Lender of Last Resort").
 Manages the country's foreign exchange and gold reserves and the Government's stock
register;
 Regulation and supervision of the banking industry
 Setting the official interest rates- used to manage both inflation and the country's
exchange rate - and ensuring that this rate takes effect via a variety of policy mechanisms.

4. Commercial Banks
Namibia’s banking system comprise of four commercial banks. It’s main
function is to provide banking services to businesses and consumers.

5. Functions of commercial banks
 Processing of payments by way of telegraphic transfer, internet banking or other means
 Issuing bank drafts and bank cheques.
 Accepting money on term deposit.
 Lending money by way of overdraft, instalment loan or otherwise.
 Providing documentary and standby letter of credit, guarantees, performance bonds,
securities underwriting commitments and other forms of off balance sheet exposures.
 Safekeeping of documents and other items in safe deposit boxes.
 Currency exchange.
 Sale, distribution or brokerage, with or without advice, of insurance, unit trusts and
similar financial products as a “financial supermarket”.

6. Stock Exchange
http://nsx.com.na/
The NSX is a computerized marketplace for the secondary trading of
financial securities such as equities and bonds.
Some of the listed companies on Namibia Stock
Exchange for April 2015
http://www.informante.web.na/sites/default/files/styles/galleryformatter_slide/public/Stock%20Ex
change-

7. Functions of a Stock Exchange
A stock exchange is a market where shares are bought and sold. Only those companies which
have been approved by the stock exchange council can have their share traded at stock exchange.
It's functions are:
 It helps the government and companies to borrow on a long-term basis
 Influence savings
 Provide a means of valuing financial assets as share prices are published daily.
 Helps the government in financing the national debts.
 It serves as an indicator of the economic performance of a country.
 Provide a safeguard for investors' funds.