{"id":16270,"date":"2022-04-03T15:07:54","date_gmt":"2022-04-03T15:07:54","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021"},"modified":"2022-04-03T18:38:48","modified_gmt":"2022-04-03T18:38:48","slug":"namibias-banking-sector-remains-profitable-in-2021","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021","title":{"rendered":"Namibia\u2019s banking sector remains profitable in 2021"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Namibia\u2019s banking sector in 2021 remained profitable, liquid, and resilient, despite a strained economic environment, according to the central bank\u2019s annual report for 2021 released Thursday in Windhoek.<\/p>\n

The banking sector remained profitable and held adequate levels of capital to cushion against possible shocks to the economy, the central bank, Bank of Namibia (BoN) Governor, Johannes Gawaxab said in the report.<\/p>\n

\u201cThe sector\u2019s profitability as measured by the return on equity increased to 13.6 percent in 2021, from 10.9 percent in 2020, while the capital position remained healthy, with the capital adequacy ratio remaining above the statutory minimum requirement, and in fact increasing slightly in 2021 compared to 2020,\u201d he added.<\/p>\n

On the other hand, Gawaxab said the asset quality, measured in the level of non-performing loans (NPL), deteriorated further in the third quarter of 2021, when it peaked at 6.9 percent, though it tapered slightly towards the end of the year to 6.4 percent.<\/p>\n

\u201cThis NPL ratio level exceeded the crisis benchmark of 6.0 percent and requires close monitoring,\u201d he added.<\/p>\n

Looking forward, Gawaxab said Namibia needs to map out strategies for the post-COVID-19 era to drive economic recovery.<\/p>\n

\u201cThe new plan must vigorously pursue economic diversification, improve productivity and competitiveness, and enhance resource allocation to productive sectors. Namibia must raise the momentum of COVID-19 vaccine uptake to increase herd resistance,\u201d he concluded.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Namibia\u2019s banking sector in 2021 remained profitable, liquid, and resilient, despite a strained economic environment, according to the central bank\u2019s annual report for 2021 released Thursday in Windhoek. The banking sector remained profitable and held adequate levels of capital to cushion against possible shocks to the economy, the central bank, Bank of […]<\/p>\n","protected":false},"author":84,"featured_media":16269,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[234,236,233],"class_list":["post-16270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nNamibia\u2019s banking sector remains profitable in 2021 - Namibia<\/title>\n<meta name=\"description\" content=\"Namibia\u2019s banking sector in 2021 remained profitable, liquid, and resilient, despite a strained economic environment, ac ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Namibia\u2019s banking sector remains profitable in 2021\" \/>\n<meta property=\"og:description\" content=\"Namibia\u2019s banking sector in 2021 remained profitable, liquid, and resilient, despite a strained economic environment, ac ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-03T15:07:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-03T18:38:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/04\/img-6249e99e66d8b.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"481\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Namibia\u2019s banking sector remains profitable in 2021\",\"datePublished\":\"2022-04-03T15:07:54+00:00\",\"dateModified\":\"2022-04-03T18:38:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021\"},\"wordCount\":234,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/04\/img-6249e99e66d8b.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/namibias-banking-sector-remains-profitable-in-2021\",\"name\":\"Namibia\u2019s banking sector remains profitable in 2021 - 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