The Bank of Namibia (BoN) paid N$200 million in dividends to the government for the 2025 financial year.
The announcement was made on Tuesday during the bank's annual report launch. BoN Governor Ebson Uanguta said the bank performed strongly despite global challenges.
"During the 2025 financial year, despite volatility and uncertainty in global politics, the Bank's financial performance continued to impress, exceeding targets set in the business plan," he said.
The bank recorded an operating profit of N$569 million and N$553 million available for distribution. This means the bank did better than expected, even though the final amount shared is lower than last year's.
Uanguta explained that several factors affected the results.
"The decline in global inflation, the weakening of the US dollar, the redemption of the Eurobond, and the Bank's continued fulfilment of its mandate all contributed to a reduction in operating profit," he said.
The amount available to share dropped sharply from N$1107 billion in 2024 to N$553 million in 2025. As a result, the dividend paid to the government also fell from N$720 million last year to N$200 million this year.
The bank's total assets also decreased by 13%, from N$71 billion in 2024 to N$62 billion in 2025. This was mainly due to the repayment of the Eurobond and currency fluctuations.
