Chamwe Chaira
Letshego Bank (Namibia) Limited’s capital adequacy ratio declined to 28.1% for the year ended 31 December 2025, down from 30.2% in the previous year.
The capital adequacy ratio measures a bank’s capital against its risk-weighted assets to ensure it can absorb losses, as required by the Bank of Namibia.
Despite the decline, Letshego Holdings (Namibia) Limited reported higher earnings for the year.
Profit after tax increased by 20.8% to N$505.8 million, compared with N$418.8 million recorded in 2024.
Total comprehensive income and headline earnings also rose by 20.8% to N$505.8 million.
Operating profit increased by 24.3% to N$577.9 million, up from N$464.8 million the previous year.
Basic earnings per share rose to 101 cents from 84 cents in 2024, representing a 20.8% increase. Headline earnings per share and diluted earnings per share were also recorded at 101 cents.
The group’s net asset value per share increased to 564 cents, compared with 556 cents in the previous year.
The company said it entered 2026 after reporting growth across key profitability indicators in 2025 while adjusting to market conditions that affected revenue flows.
Letshego said it is continuing its transition toward a deposit-led operating model supported by payment services, daily customer engagement and financial inclusion initiatives.
The strategy aims to reduce reliance on single-segment lending and strengthen long-term resilience.
The group said it remains focused on expanding its deposit base, strengthening its governance, and building long-term customer trust as regulatory requirements and market conditions evolve.
A final dividend of N$270.7 million, equal to 54.14 cents per ordinary share, was declared after the reporting period.
