Page 17 - Capricorn IAR 2020

Our Group’s major operating subsidiaries
I am proud to lead Bank Windhoek, the Group’s flagship brand and to share an overview of the Bank and our contribution to the Group for the period ending 30 June 2020. The strength of our Group lies in its diversity and our subsidiaries are stronger when they support each other.
Baronice Hans, Managing director
Bank Windhoek is a fully-fledged bank and the Capricorn Group’s flagship brand. It is the largest lender in Namibia and was the first commercial bank in southern Africa to issue a green bond.
Bank Windhoek offers a wide range of banking products and services covering the personal, corporate, and small and medium enterprises market segments. Our offering includes transactional, investment and lending products, as well as digital and electronic banking services. A wide spectrum of financial solutions for business clients includes structured finance, working capital finance and tailor-made term financing options.
Bank Windhoek offers a wide range of treasury services, including money market and foreign currency exchange services. Our international banking services comprise foreign payment products, trade finance and foreign currency accounts.
Our bancassurance options include short-term, life, travel and commercial insurance, and guarantees.
Bank Windhoek’s private banking offering is provided through Capricorn Private Wealth, a joint venture between Bank Windhoek and Capricorn Asset Management. Capricorn Private Wealth caters to the affluent market’s banking, wealth and investment needs.
Bank Windhoek was named Bank of the Year in November 2019 by the leading Financial Times publication, The Banker in London, and also received the award for the Best Corporate Bank in Namibia by the London-based Global Banking and Finance Review in December 2019. Bank Windhoek was recognised for employees’ knowledge and expertise, and the bank’s overall performance.
In December 2019, Bank Windhoek was ranked as the best Bank in Namibia by the PSG Banking Review Report for the first time. The review provides a detailed time series and financial ratio analysis between Namibian and listed South African, Botswana and Zambian banks.
Life is filled with highs and lows – valleys and peaks that test our resilience and that push us to overcome challenges. The lessons that we learn on our journey together have taught us that we are much stronger as one!
Baronice Hans, Managing director
2020 INTEGRATED ANNUAL REPORT
15
66%
contribution to net profit after tax (2019: 69%)
Windhoek, Namibia
Head office
1982
Date of establishment
1,639
Number of permanent employees (2019: 1,575)
More information about our associates is available online
Paratus Group Holdings Ltd: www.paratus.africa
Sanlam Namibia Holdings (Pty) Ltd: www.sanlam.com/namibia Santam Namibia Ltd: www.santam.na