BoN and NAMFISA Launch April 2024 Financial Stability Report

The Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (NAMFISA) hereby jointly release the annual Namibia Financial Stability Report (FSR). The April 2024 FSR assesses the stability of the Namibian financial system and its resilience to internal and external shocks. The report further highlights specific risks emanating from the macroeconomic environment, domestic household and corporate debt, trends in the property market, developments in the banking sector, the Non-Bank Financial Institutions sector (NBFIs), as well as the payment and settlement system.

The assessment concludes that the financial system in Namibia remained stable, sound and resilient with no major disruptions or disorderly functioning of key financial services, despite the moderation in economic growth and prevailing risks. The regulatory authorities are committed to continuously monitor the identified risks and take appropriate, timely action.

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