Understanding Financial Default By Bank Windhoek’s Credit Executive Officer, Eddie King.

Understanding Financial Default By Bank Windhoek’s Credit Executive Officer, Eddie King.

Financial default occurs when an individual or small business fails to meet the agreed-upon payments on a debt, meaning they fail to service their instalments on the approved loan or facility, such as a home loan, personal loan, overdraft facility, or credit card. Defaulting on payments can have significant consequences, affecting one's credit rating (credibility with a financial institution) and access to future credit. Firstly, default typically starts when payments […]

November 21, 2024 1

Business / Economics

Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable

Opinion Piece, By Josef Kefas Sheehama Fitch Ratings has affirmed DBN's Long-Term Issuer Default Ratings (IDR) at 'BB-' and it’s National Long-Term Rating at 'AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Namibian Development Bank (DBN) is the country's flagship and largest policy bank, contributing to economic and social development. Its strategy is in line with national development […]

March 26, 2024 24