Bank BIC Namibia

Last updated
Bank BIC Namibia Limited
Company typeSubsidiary
Industry Banking
Financial services
Founded13 July 2015;8 years ago (2015-07-13)
Headquarters Windhoek, Namibia
Key people
LP Crawford
CEO [1]
Jaime Galhoz Pereira
Chairperson [1]
ProductsLoans
Checking
Savings
Investments
Debit cards
RevenueDecrease2.svg N$26.9 million (2018) [2]
Total assets N$374 million (2018) [2]
Number of employees
54 (2023) [1]
Parent Bank BIC Group
Website www.bankbic.na

Bank BIC Namibia Limited (Bank BIC Namibia) is a commercial bank in Namibia. It is licensed by the Bank of Namibia (BoN), to operate and trade in the country. [3] The bank is a subsidiary of the Bank BIC Group, a financial services conglomerate based in Angola, with banking subsidiaries in Angola, Portugal, Cape Verde and Namibia, and with a representative office in South Africa. [4]  

Contents

Overview

The bank operates as a retail bank, serving individuals, small and medium-sized enterprises (SMEs) and large corporations, as well as non governmental organisations. As of December 2018, the bank's total assets were N$374 millIon (approx. US$22.36 million). [2] Shareholders’ equity in 2016 was N$266.77 million (approx. US$14.2 million). [1]

History

The bank was licensed as a commercial bank in Namibia, in July 2015. It opened for business in June 2016, with one branch at the headquarters building. Later it opened a branch in the Prosperita Industrial Area, south of Windhoek and another branch in the city of Walvis Bay, on the Atlantic Ocean coast. [5]

Ownership

Bank BIC Namibia Limited is a 100 percent subsidiary of the Bank BIC Group, headquartered in Angola, with subsidiaries in three African countries, South Africa (representation office), Namibia and Cape Verde; and one European country, Portugal - Banco BIC Português S.A. [6] In July 2017, the group's affiliate in Portugal changed its name from "Banco BIC Portugal" to "Banco EuroBIC", due to court order, as there was infringement on the name of "Banco BIG Portugal". [7]

EuroBIC s anti money laundering weakness were already known in 2015. [8]

Branch network

The bank's headquarters is at Dr. Agostinho Neto Road, Ausspannplatz, Windhoek, in the central business district of the country's capital city. As of April 2020 the bank maintains branches at these locations: [9]

  1. Head Office: Dr. Agostinho Neto Road, Unit 6 & 5, Ausspann Plaza, Windhoek. (Main Branch)
  2. Prosperita Branch: Gold Street, Prosperita Industrial Area, Windhoek.
  3. Walvis Bay Branch: 12th Road, Walvis Bay.
  4. Rundu Branch: Eugene Kakukuru Street, Shop GF029, Rundu Mall, Rundu
  5. Ongwediva Branch: Unit 123, Oshana Mall, Ongwediva.

Governance

The bank is governed by a five-person board of directors. The chairman of the board is one of the non-executive directors. As of January 2019, the chairperson is Jaime Pedro Galhóz Pereira substituting Fernando Mendes Teles, and as vice-chairman Hugo Miguel Mendes Teles. The Board Executive Team is formed by Lindsay Peter Crawford - CEO, and Mauro Rogério as executive director. [1]

See also

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References

  1. 1 2 3 4 5 Bank BIC Namibia Limited (21 April 2017). "2016 Management Report: An Overview of Annual Performance" (PDF). Windhoek: Bank BIC Namibia Limited. Retrieved 4 April 2020.
  2. 1 2 3 Lazarus Amukeshe (7 July 2020). "Bank BIC releases 2018 financials". The Namibian . Windhoek. Retrieved 13 July 2020.
  3. ↑ Bank of Namibia (4 April 2020). "Licensed Commercial Banks In Namibia". Windhoek: Bank of Namibia . Retrieved 4 April 2020.
  4. ↑ Fernando Mendes Teles (2016). "Message From The Founding Chairman". Windhoek: Bank BIC Namibia Limited. Retrieved 4 April 2020.
  5. ↑ My Namibia (2017). "About Bank BIC Namibia Limited". Windhoek: My Namibia. Retrieved 4 April 2020.
  6. ↑ Banc BIC Namibia (1 July 2022). "History of Banc BIC Group". Banc BIC Namibia. Windhoek, Namibia. Retrieved 1 July 2022.
  7. ↑ Macau Hub (23 June 2017). "BIC Português bank changes name to EuroBic" (Translated from the original Portuguese language). Macau Hub. Macau. Retrieved 4 April 2020.
  8. ↑ "FinCEN Files & Luanda Leaks: Suspicious EuroBIC payments further…". 2020-09-23. Retrieved 2024-04-07.
  9. ↑ Google (4 April 2020). "Map Showing Locations of Bank BIC Namibia Limited" (Map). Google Maps . Google. Retrieved 4 April 2020.

22°34′36.5″S17°05′08.5″E / 22.576806°S 17.085694°E / -22.576806; 17.085694

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