Macroprudential Oversight Committee

Domestic financial system shows stability: BoN

The Bank of Namibia's Macroprudential Oversight Committee (MOC) has found that Namibia's domestic financial system is stable, sound, and resilient. According to the BoN’s Deputy Governor, Leonie Dunn in a recent statement, this is despite rising vulnerabilities and risks, particularly concerns around elevated non-performing loans. She said the committee at its first meeting of the year, held last week to assess potential risks and vulnerabilities in the […]

July 15, 2024 21

Local

The Namibian financial system remains stable, sound, and resilient amidst a challenging global and domestic economic environment

The Macroprudential Oversight Committee (MOC)1 of the Bank of Namibia (the Bank) held its second and last meeting of the year on the 07th of December 2023, to assess potential risks and vulnerabilities in the Namibian Financial System. Following a comprehensive assessment of domestic and global economic conditions, the Committee deemed the domestic financial system as stable, sound, and resilient. This is despite increasing risks and vulnerabilities stemming from […]

December 12, 2023 7