Development Bank of Namibia
Namibian development bank
From Wikipedia, the free encyclopedia
The Development Bank of Namibia (DBN) is a state owned development bank in Namibia.
| Company type | Parastatal |
|---|---|
| Industry | Finance |
| Founded | 2004 |
| Headquarters | , Namibia |
Key people | John Mbango (Interim CEO) |
| Products |
|
| Revenue |  After tax: US$3.216 million (NAD: 35.3 million) (2011) |
| Total assets | US$146.01 million (NAD: 1.602+ billion) (2011) |
| Owner | Government of Namibia |
| Website | Homepage |
| Footnotes / references Headquarters[1]: 22 | |
Overview
The bank began its operations in 2004. The main objective of DBN is to promote and finance development in those sectors of the economy which support development and the welfare of the citizens of the country. As of December 2011[update], the total asset valuation of the bank was in excess of US$146 million (NAD:1.602 billion), with shareholders equity of approximately US$144.3 million (NAD:1.583 billion)[2]
Leadership
The Development Bank of Namibia is led by a chief executive officer who is part of the board of directors. CEOs of the DBN have been:
- Martin Inkumbi (until 2023)[3]
- John Steytler (2023–2025)[4][5]
With the resignation of John Steytler as CEO in March 2025, John Mbango was appointed interim CEO.[5]
