The total mortgage book, which is the total amount for property being financed through commercial banks in Namibia, has reached approximately N$27 billion.
Of this amount, FNB Namibia says, it holds the largest market share of 38.5 percent or just over N$10.3 billion. "Our bank has maintained their prudent credit criteria throughout the last 12 months. We would like to believe that our superior service standards and products contributed to the growth of our book over the last year. Despite this excellent growth, our non-performing loans remained low at 1.15 percent compared to the industry ratio of 1.50 percent," said the bank's Head of Home Loans, Thomas Slabbert.
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