13
Jul
Martin Endjala The Namibian banking sector’s balance sheet growth has remained strong and reflects an improved liquidity position and adequate capital levels. Records show that on a quarterly basis, total assets for the banking sector grew by 5.3 percent to N$173.2 billion in the first quarter of 2023. The growth was driven by cash and balances at banks as well as net loans and advances. The liquidity ratio of the banking sector stood at 19.1 percent during the first quarter of 2023, from 17.8 percent in the last quarter of 2022, due to diamond sales, government spending, capital inflows and…