PSCE – December 2017

Overall Private sector credit extension (PSCE) increased by N$718.4 million or 0.8% m/m in December, bringing the cumulative credit outstanding at the end of 2017 to N$90.2 billion. On a y/y basis, private sector credit extension increased by 5.2% in December, increasing at a quicker rate than the 4.5% recorded… Continue reading

GCR affirms First National Bank of Namibia Limited’s rating of AA+(NA); Outlook Stable

Global Credit Ratings has affirmed the national scale ratings assigned to First National Bank of Namibia Limited of AA+(NA) and A1+(NA) in the long term and short term respectively; with the outlook accorded as Stable. Furthermore, Global Credit Ratings has affirmed the long term South African national scale (Rand) issuer… Continue reading