Namibia: Financial System Stability Assessment, including Report on the Observance of Standards and Codes on Banking Supervision

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2007 Issue 083

Publication date: February 2007

ISBN: 9781451828443

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Topics covered in this book

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Banks and Banking , Public Finance , ISCR , CR , financial institution , credit risk , market , bank , institutional investor , Namibia , private equity , market conduct rule , risk profile , parent bank , market discipline , supervisory capability , market practice , investment opportunity , market-oriented economy , Insurance companies , Pension spending , Commercial banks , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Africa

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Summary

This paper discusses key findings of the Financial System Stability Assessment for Namibia, including the Report on the Observance of Standards and Codes on Banking Supervision. The financial system of Namibia appears healthy, well-run, and resilient to plausible macroeconomic shocks. Namibia has one of the most sophisticated and highly developed financial systems in Africa. It comprises a diverse range of institutions, which are mostly private. The banking sector is mature, profitable, and well capitalized. The nonbank financial institutions sector is also well developed.