Standard Bank Namibia

06 May

Standard Bank joins Credit Guarantee Scheme

ObserverUncategorisedCredit Guarantee Scheme (CGS), Felicia Jooste, SMEs, Standard Bank Namibia, Standard Bank’s Enterprise Direct Manager

Staff Writer Standard Bank Namibia has announced that it has partnered with the Credit Guarantee Scheme (CGS) to provide collateral cover of 60 percent for qualifying SMEs applying for finance from participating commercial finance institutions. Standard Bank’s Enterprise Direct Manager, Felicia Jooste said the decision by the listed banking concern , is driven by a genuine desire to see SME’s grow and thrive in difficult economic conditions. “We are determined to help our small and medium businesses navigate these difficult prevailing conditions, hence the reason we joined the Credit Guarantee Scheme. SME’s are the lifeblood of the economy and employ…

Mungunda to exit Standard Bank

ObserverUncategorisedSBN Holdings, Standard Bank Namibia, Vetumbuavi Mungunda

Staff Writer SBN Holdings and Standard Bank Namibia have announced that Vetumbuavi Mungunda has given notice of his intention to step down as Chief Executive with effect from 1 May 2021. The listed banking group said the advance notice will allow for a well-planned, smooth transition process and sufficient time for a suitable candidate to be found “This will help to ensure that our valued clients and our operations are not impacted by the change in leadership. The Board will commence a process to appoint a successor to Mr. Mungunda and a further announcement will be made in due course,”…