BAN celebrates 20th anniversary

By Ellen Shihepo

WINDHOEK – Bankers Association of Namibia are celebrating 20 years of banking this year. Established in 1997, BAN acts in accordance with the Banking Institutions Act as the representative trade association for the commercial banking sector in Namibia.

BAN also acts as a medium of communication with the government, Bank of Namibia and other public bodies and authorities by engaging with them on matters affecting the different activities of banking institutions.

“This is a significant milestone we have achieved as an industry, we are proud of the world class banking system we have in Namibia. Together, with the Bank of Namibia we continue to ensure that our financial system remains strong and adaptable to the changes in our environment. The collective background and experience of all our BAN members is invaluable and positions the industry well in terms of the legacy we want to leave,” said Baronice Hans, BAN chairperson and managing director of Bank Windhoek.

Hans is the first female to manage not only Bank Windhoek, but the first female to chair the BAN and is held in high regard by her peers and colleagues who voted her into post. She also received the incumbent Businesswoman of the Year award in 2015 while employed at Standard Bank.

The current BAN members are Standard Bank, Bank Windhoek, First National Bank, Nedbank, Bank Bic and Letshego Bank.

Hans said the association had achieved its objective successfully despite the challenges facing the banking sector.

Over the past 20 years, the association has dealt with non-competitive issues which are of common interest and of significance to the banking industry of Namibia. Some of its major achievements include the launch of the Code of Banking Practice and Guidelines for Lodging Customer Complaints on all banks’ websites, setting up its own website and the implementation of the Wibar Code (Windhoek Interbank Average Rate) in May 2011.

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