Namibia’s financial sector has remained strong despite global economic pressures, according to the latest Financial Stability Report launched today.  

The Bank of Namibia’s Director of Financial Stability and Macroprudential Oversight, Florette Nakusera, said the banking sector stayed well-capitalized, profitable, and liquid in 2024, with improved asset quality.  

Total banking assets grew to N$186.73 billion, while liquidity and capital levels stayed above regulatory requirements.  

The non-banking sector also remained stable, with assets rising to N$474.1 billion in 2024. Nakusera highlighted its key role in supporting national fiscal stability.  

While overall risks to financial stability are low to moderate, global uncertainties could pose future challenges.