Finance ministry’s N$2bn facility lifts Standard Bank loan book 17.4%
SBN Holdings Limited’s loan book included a N$2 billion facility extended to the ministry of finance in support of the Eurobond redemption programme, contributing to a 17.4% increase in gross loans and advances to customers to N$29 billion for the six months ended 30 June 2026.
CHAMWE KAIRA
SBN Holdings Limited’s loan book included a N$2 billion facility extended to the ministry of finance in support of the Eurobond redemption programme, contributing to a 17.4% increase in gross loans and advances to customers to N$29 billion for the six months ended 30 June 2026.
Excluding the facility, underlying customer loan growth was 9.3%, SBN Holdings, the parent company of Standard Bank Namibia, said in its interim results.
Corporate lending increased by 15.5%, while vehicle and asset finance grew by 19.5%. Home loans increased by 1%, returning to positive growth for the first time since 2022.
