Chamwe Kaira
NedNamibia Holdings Limited recorded a profit after taxation of N$193 million for the six months ended in 2025, up slightly from N$191 million in the previous six months. Profit before taxation rose 8% to N$228 million, compared to N$212 million in the prior period.
The group said loans and advances remained the main growth driver, increasing 16% year-on-year.
“This strong momentum reflects the strategic efforts made over the past six to 18 months and provides a solid foundation for future expansion,” the group said.
Growth in advances was supported by a 7% rise in net interest income and a 7% increase in non-interest revenue.
“The rise in impairments aligns with regulatory expectations and growth in our lending book, ensuring we remain well positioned to continue lending responsibly. Deposits also grew by 7%, signalling the trust our clients place in us to safeguard their savings. Return on equity edged up to 12.2%, reflecting our continued focus on delivering value to shareholders,” the group said.
The group noted progress in its digital transformation strategy, with digitally active clients rising by 11%.
“Today, more than three out of four of our clients bank digitally, enjoying greater convenience and 24/7 access. Our customer base expanded by 7%, reaching 126,768 clients from 118,697 in June 2024,” it said.
The company said favourable policy measures and recovery in sectors such as agriculture and construction are expected to support economic activity.
“With strong lending momentum, disciplined cost control and ongoing investment in digital innovation, we are well positioned to sustain growth, enhance efficiency and deliver long-term value for all stakeholders,” the group said.
NedNamibia said its lending activities continue to support Namibian businesses, households, and the broader economy, aligning with the priorities of the sixth National Development Plan (NDP6).
Total assets grew to N$23.3 billion from N$22.3 billion in the previous period. Loans and advances rose 16% to N$10 billion from N$9.2 billion, while deposits increased 7% to N$19.4 billion.
Return on equity improved to 12.2%.
Caption
NedNamibia Holdings profit increased to N$193 million in the first half of this year.
