Staff Reporter
THE Development Bank of Namibia (DBN) recorded a 42% increase in operating profit, rising from N$62 million in the 2023/2024 financial year (FY) to N$88.3 million in the 2024/2025 FY.
The performance was outlined in DBN’s recently released 2024/25 Integrated Annual Report (IAR). The bank said the improvement reflects strong cost discipline, enhanced recoveries, and the resilience of its workforce despite a difficult economic climate.
“While pressures related to asset quality and a contracting loan book persist, the Bank has taken decisive steps to stabilise risk and position itself for renewed growth,” DBN added.
The bank further identified the strengthening of its funding base as a major achievement during the year. DBN reported that it secured N$607 million through the KfW Green Credit Line II, obtained approval for a landmark N$1.5 billion sovereign-guaranteed facility from the African Development Bank, and achieved a historic milestone by becoming Namibia’s first institution accredited by the Green Climate Fund. This accreditation, the bank added, enables DBN to mobilise climate finance in support of Namibia’s just energy transition.
“With strong liquidity, a robust capital base, and expanding strategic partnerships, DBN is well-positioned to diversify funding sources, strengthen SME financing, and balance financial prudence with its developmental mandate,” DBN added.
The full report can be accessed at https://www.dbn.com.na/annual-reports/.
