DOCSLIB.ORG

NAMIBIE S Dder

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NAMIBIE S Dder 100 – Namibia Namibia A L E Cu H an C Mongu d A 2006 At a Glance o D A R R ANGOLA ZAMBIE E S ca ro o Cu C Baía� b an dos Tigres g Z o Ponta da� PLAINES� am Marca SILOWANA bè Ondjiva� z Cunene e Population (mn) 2.0 � K K une e w n a C n S u do Katima Mulilo� D Enana� i 1700 m Ombalantu to C ngo � Livingston K � uba E Oshakati E OVAMBOLAND K Opuwa Rundu� w S a n Kasane L � d K A O K O V E L D O o Population Growth (annual %) ka 1.0 v E a ZIMBABWE E n g Cap Fria COLLINES� o T R Etosha Pan TSODILO DEPRESSION� 1375 m O DELTA DE� T Tsumeb DE MABABE N L'OKAVANGO D Official Language KAUKAU VELD COLLINES AHA English C 1070 m U Outjo O Maun A N Otjiwarongo S Makgadikgadi A Etjo� D E S E R T � T 2085 m Omatako� Brandberg� Currency Namibian Dollar (NAD) 2286 m M 2574 m Omaruru Ombutosu� ERONGO I 1916 m Kranzberg� B 2305 m Karibib Ghanzi Bla ck N oss DAMARALAND 1966 m ob D N GDP (Current US$ bn) Swakopmund LA Windhoek Gobabis D U � 6.2 H O C Walvis Bay S H 2479 m M A KHO Walvis Bay� D Rehoboth Sandwich Bay � 2393 m BOTSWANA Ilhea Point N O o s E li s f o a n b t Conception Bay s GDP Growth (annual %) 4.8 S KALAHARI 1988 m Mochudi Meobbaai E Molepolole R Mariental Maltahöhe N os o Gaborone p T NAMAQUALAND A u D o o N b Kanye c 1014 m A N i r GDP Per Capita (US$) R o 3,045 a s s Z o M R b D A W H M C olop HottentotbaaiU S A u Tshabong o ob po Mmabatho olo M Lüderitz Bethanien N A H A U Keetmanshoop W N S Diaz Point I FDI, net inflows (US$ mn) (2005) B T 349 - A O C E A N � H TH Elizabeth Bay O U C Schoffenstein� P H A H O P B L 2202 m A T E M A U h Ka s in AFRIQUE DU SUD i GROOT� ab M 1654 m F O o ATLANTIQUE T KARASBERGE I l s o t p E A r HUNSBERGE Karasburg o a G L External Debt (US$ mn) B H l 1,600 a R P a E V B P E A G A N K H A a ge L O ran r tb Kimberley e Ri e et M o External Debt/GDP (%) 24.9 NAMIBIE s dder GEOATLAS - Copyright1998 Graphi-Ogre CPI Inflation (annual %) 5.0 0 km 100 200 300 400 km Exports of goods and services (% of GDP) 48.9 Sovereign Ratings Gross official Reserves (In months of imports) 2.1 Long Local Foreign Term Currency Currency Gross Official Reserves (US$ bn) 0.44 UNDP HDI RANKing 125 Fitch BBB BBB Source: AfDB, IMF, UNCTAD, UNDP, UN Population Division 1. Overview of Financial System Africa and is one of the most sophisticated and well The Common Monetary Area (CMA) replaced the established financial systems in Africa. The banking Rand Monetary Area in 1986, accommodating sector is very active and mature, with four commercial changes in the position of Swaziland. The CMA banks as at end-2006, all characterized by varying comprises South Africa, Namibia, Swaziland and degrees of foreign ownership. The two largest banks Lesotho. While South Africa effectively formulates are owned by South African banks, while the remaining the monetary policy for the region, each member two include a Swiss-owned bank and one that is has its own Central Bank, is responsible for its own jointly owned by Namibian and South African firms. monetary policy, and controls its financial institutions. There is one investment bank and four specialised The South African Rand serves as legal tender in all banks including Agribank, Nampost Savings Bank countries of the area, except for Swaziland. Each and Development Bank of Namibia. The combined member state has the right to issue its own currency assets of commercial banks are approximately USD which serves as legal tender in the issuing country 4 bn (June 2005). The banking sector is regulated N only. All the national currencies are pegged to the by the Bank of Namibia, the Central Bank. Namibia Rand. Public and private sector institutions, subject is in the early stages of developing the legislation to to relevant financial laws and policies applicable to establish a two-tiered banking system. counterparts, have the right to access the South As of December 2006, the Namibian insurance African capital market. The CMA provides for free sector consisted of 28 insurance companies flow of capital within the area. and two re-insurers. The market for non-banking financial institutions (NBFI) is regulated by the Bank and Non-Bank Financial Sector Namibia Financial Institutions Supervisory Authority Namibia’s financial sector is closely tied to South (NAMFISA) which was created in 2001. The NBFI is Namibia – 101 made up of some 500 pension funds, a number of asset African companies that are cross-listed on the management and unit trust management companies, Johannesburg Stock Exchange. The NSX is regulated several specialised lending institutions, and a large by the Stock Exchange Association and the Executive number of micro-lending institutions. Most of these Committee of the NSX. This is the custodian of the institutions are private, with strong ownership links to licence to operate the stock exchange. It is made up South Africa. of 43 associate members (banks, listed companies, investment institutions, etc) and each year the Capital Markets members elect an Executive Committee of nine The Namibian capital market is also closely linked to members plus one outsider, to oversee the activities South Africa. The Namibian Stock Exchange (NSX), of the exchange. The NSX is regulated by the Stock which opened in 1992, has 28 listed companies, Exchanges Act of 1985 (amended in 1992) and across various sectors including financial, mining, overseen by the Registrar of Financial Institutions. industrial retail and fishing. The majority are South 2 Fixed Income Markets Government Securities The Bank of Namibia issues treasury bills and Internally Registered Stock (IRS) by open tender. Unlike treasury bills, IRS are capital market instruments issued for maturities exceeding 12 months. The Republic of Namibia has also issued government bonds maturing in 2007, 2010, 2015 and 2024. Government papers take up a large proportion, some 85%, in the long-term securities market in Namibia. This has come about as a result of a long-standing government policy to fund its deficit in the local market as a way of facilitating the development of the local financial markets. The first Namibian bonds were issued in 1992 with maturities not exceeding six years. By 1998, 13 IRS with various maturities had been issued, but the secondary market remained limited. The Government decided in 1998 to consolidate the bonds in issue into three categories (GC02, GC05 and GC10 maturing in 2002, 2005 and 2010 respectively) in order to lengthen their maturity structure, enhance their liquidity and create local benchmark instruments. The amount outstanding in government IRS has been increasing steadily since the first stock was issued in 1992. IRS increased from NAD 50 mn in 1992 to NAD 4.1 bn in June 2004. Namibian Government Bond Yield Curve (March 2007) 9.4 ) 9.2 9 d (% 8.8 el Yi 8.6 8.4 3 months 1 year 3 years 5 years 8 years 17 years As of March 2007 102 – Namibia Non-Central Government Issuance Government policy to provide guarantees on papers issued by state-owned entities has had some success, albeit not massive, and at least three quasi-state entities/parastatals have issued notes in the local market. The amount issued in non-government bonds has been growing steadily from 1996, with a sharp increase recorded in 2003 at NAD 700 mn from approximately NAD 140 mn the previous year. Another increase was recorded in 2004 to reach a level of about NAD 750 mn. The non-government paper issues are by far dominated by the Road Fund Administrator which accounts for more than 50% of the entire issue in this category. Bonds in the non-government markets are issued through intermediaries such as stockbrokers and/or issued directly by the parastatals, banks or companies themselves. Settlement and custodian arrangements are agreed upon by parties and are mostly made through settlement agents as appointed by contracting parties. The private sector has also issued some bonds in the market. The first corporate bond to be listed on the Exchange was by Standard Bank Namibia in 2000. The bond was worth NAD 150 mn and is due to mature on 20 November 2011. Issuer Issue Date Maturity Coupon Coupon Dates Road Fund Administration Feb 2003 Nov 2010 15% 15 Jan & 15 Jul Standard Bank Namibia Nov 2000 Nov 2011 12% 21 May & 21 Nov Bank Windhoek Feb 2004 Feb 2014 11% 4 Feb & 4 Aug Source: IJG, NSX & Issuers Secondary Market par with the South African Rand. The South African IRS are listed on the NSX where secondary market Rand is legal tender in the country. Namibia follows the trading can take place. Interested participants can exchange rate policy determined by the South African buy and/or sell bonds on the NSX through qualified Reserve Bank. Within the CMA, all member countries and registered stockbrokers.
Load more

Recommended publications
  • Namibian National Payment System
    UNDERSTANDING THE Namibian National Payment System Newsletter - January 2019 Content 1. Foreword from the Director of the Payment and Settlement Systems Department 1 2. Bank of Namibia: Overseer of the National Payment System and Provider of Settlement Services 2 3. The Evolution of Payments in Namibia 4 4. The National Payment System Regulatory Framework 6 5. Payment Instruments: The Security of the Card Payment Instrument 9 Foreword Since its establishment in 2002, Namibia’s National Furthermore, since Payment System (NPS) has evolved significantly. The one of the values Namibia Inter-bank Settlement System (NISS) – a stated in the NPS’s Real-Time Gross Settlement System (RTGS) – was Vision 2020 is introduced; the Payment System Management Act, transparency, the 2003 (No. 18 of 2003) (PSM Act) was promulgated, Bank of Namibia and several payment system reforms were continuously endeavours to educate the public about implemented, as outlined later herein under the some of the Bank of Namibia’s functions and objectives. heading “The evolution of payments in Namibia”. This publication aims to serve this end. Today, the NPS remains on this trajectory of steady I trust that the information provided herein will go a long modernisation. Various payment system regulations way towards fostering an understanding of the NPS. have been introduced and the PSM Act has been I also encourage the public to engage the Bank of amended. In addition, the Bank of Namibia continues Namibia in matters that relate to the NPS. to address the gaps in its NPS regulatory framework in order to maximise the effectiveness of its function Barbara Dreyer and to ensure the NPS operates safely, securely, Director: Payment and Settlement Systems efficiently and cost-effectively.
    [Show full text]
  • Bank of Namibia Quarterly Bulletin September 2000
    BANK OF NAMIBIA BANK OF NAMIBIA QUARTERLY BULLETIN SEPTEMBER 2000 VOLUME 9 No. 3 Registered Office 71 Robert Mugabe Avenue P.O. Box 2882 Windhoek Namibia i QUARTERLY BULLETIN Published by the Research Department of the Bank of Namibia. Any enquiries should be directed to: The Head of Research Department P.O. Box 2882 WINDHOEK NAMIBIA Te l : +264 61 283 5111 Fax: +264 61 283 5231 e-mail: [email protected] ii BANK OF NAMIBIA Bank of Namibia Corporate Charter MISSION The mission of the Bank of Namibia is to promote monetary and financial stability in the interest of the Nation s sustainable economic growth and development. VISION Our vision is to be a centre of excellence - a professional and credible institution, a leader in the areas of economics, banking and finance, driven by competent and dedicated staff. VALUES We are committed to service excellence. We uphold integrity, impartiality, open communication and transparency. We care for our staff, their well being and their contribution to the organisation. We value teamwork. iii QUARTERLY BULLETIN NAMIBIAN ECONOMIC INDICATORS 1992 1993 1994 1995 1996 1997 1998 1999 Economic Indicators Population (Millions) 1.4 1.49 1.54 1.59 1.64 1.69 1.75 1.8 Namibia Dollar per US Dollar 2.85 3.26 3.55 3.63 4.27 4.60 5.49 6.11 Gini Coefficient 0.7 0.7 0.7 Real Sector GDP (N$ mil.) (current prices) 8050 8587 10576 11694 13421 14901 16826 18737 % Change 6.7 23.2 10.6 14.8 11.0 12.9 11.4 GDP (N$ mil) (constant prices) 7017 6897 7335 7607 7770 7975 8165 8410 % Change -1.7 6.4 3.7 2.1 2.6 2.4 3.0 GDP per
    [Show full text]
  • Unconventional Monetary Policy Tools Deployed to Address the Socio- 1 Economic Impact of Covid-19
    UNCONVENTIONAL MONETARY POLICY TOOLS DEPLOYED TO ADDRESS THE SOCIO- 1 ECONOMIC IMPACT OF COVID-19 Common Market for Eastern and Southern Africa UNCONVENTIONAL MONETARY POLICY TOOLS DEPLOYED TO ADDRESS THE SOCIOECONOMIC IMPACT OF COVID-19 Special Report By Ibrahim A. Zeidy, Director COMESA Monetary Institute he objective of this paper is to present the Unconventional Monetary Policy Tools T(UMPTs) introduced by developed, emerging and African countries after the aftermath of COVID-19 and recommendations Disclaimer : The views expressed in this article are solely of the author and do not reflect the policy of COMESA. This article may be reproduced with acknowledgment of the source UNCONVENTIONAL MONETARY POLICY TOOLS DEPLOYED TO ADDRESS THE SOCIO- 1 ECONOMIC IMPACT OF COVID-19 I. Introduction In pursuit of their mandates and consistent with existing legal frameworks, Central Banks in advanced, emerging and many developing countries introduced new policy instruments and made changes to their monetary policy frameworks in order to address low growth and increase in unemployment which resulted from the impact of COVID-19. They implemented different combinations of what have been identified as Unconventional Monetary Policy Tools (UMPTs) and adapted their operations to the circumstances in their jurisdictions. The objective of this paper is to present the UMPTs introduced by developed, emerging and African countries after the aftermath of COVID-19 and make recommendations. The paper is organized as follows: The first part defines the most common Unconventional Monetary Policy Tools; the second part highlights the advantages and disadvantages of Quantitative Easing which is the most common (UMPT); the third part discusses UMPTs which were introduced after the COVID-19 in different parts of the World and finally, presents recommendations on the way forward to address the impact of COVID 19.
    [Show full text]
  • Tax Relief Country: Italy Security: Intesa Sanpaolo S.P.A
    Important Notice The Depository Trust Company B #: 15497-21 Date: August 24, 2021 To: All Participants Category: Tax Relief, Distributions From: International Services Attention: Operations, Reorg & Dividend Managers, Partners & Cashiers Tax Relief Country: Italy Security: Intesa Sanpaolo S.p.A. CUSIPs: 46115HAU1 Subject: Record Date: 9/2/2021 Payable Date: 9/17/2021 CA Web Instruction Deadline: 9/16/2021 8:00 PM (E.T.) Participants can use DTC’s Corporate Actions Web (CA Web) service to certify all or a portion of their position entitled to the applicable withholding tax rate. Participants are urged to consult TaxInfo before certifying their instructions over CA Web. Important: Prior to certifying tax withholding instructions, participants are urged to read, understand and comply with the information in the Legal Conditions category found on TaxInfo over the CA Web. ***Please read this Important Notice fully to ensure that the self-certification document is sent to the agent by the indicated deadline*** Questions regarding this Important Notice may be directed to Acupay at +1 212-422-1222. Important Legal Information: The Depository Trust Company (“DTC”) does not represent or warrant the accuracy, adequacy, timeliness, completeness or fitness for any particular purpose of the information contained in this communication, which is based in part on information obtained from third parties and not independently verified by DTC and which is provided as is. The information contained in this communication is not intended to be a substitute for obtaining tax advice from an appropriate professional advisor. In providing this communication, DTC shall not be liable for (1) any loss resulting directly or indirectly from mistakes, errors, omissions, interruptions, delays or defects in such communication, unless caused directly by gross negligence or willful misconduct on the part of DTC, and (2) any special, consequential, exemplary, incidental or punitive damages.
    [Show full text]
  • ANNUAL FINANCIAL STATEMENTS 2020 Standardbank.Com.Na STANDARD BANK NAMIBIA LIMITED Annual Financial Statements 2020 1
    Standard Bank Namibia Limited ANNUAL FINANCIAL STATEMENTS 2020 Standard Bank Namibia Limited ANNUAL FINANCIAL STATEMENTS 2020 standardbank.com.na STANDARD BANK NAMIBIA LIMITED Annual financial statements 2020 1 About Standard Bank Namibia Standard Bank opened its first commercial branch in August 1915 in Lüderitz, making it one of Namibia’s oldest companies today. Over the years, our customers and clients have come to rely on us to understand their needs, employ people with strong knowledge of local business conditions and connect borrowers with lenders. This vision created the foundation for the kind of bank it would become and the qualities which customers and clients expect. We are proud to be part of Standard Bank Group, a large financial services organisation rooted in Africa and with operations in 20 countries. From humble beginnings of three branches, today, Standard Bank operates a distribution network of 63 branches and 372 ATMs across Namibia. Our workforce has grown to over 1 500 employees and our roots have extended deep into the fabric of Namibian society. Standard Bank is committed to making banking available to all Namibians. To this end, we have evolved and adapted together with our customers and clients, developing a rich heritage while nurturing and protecting our reputation. We uphold high standards of corporate governance, are committed to advancing the principles and practices of sustainable development and are inspired to advance national development objectives. We are commercially and morally bound to serve Namibia and her people in return for the long-term profitable growth we aim to deliver as a leading financial services group in the country.
    [Show full text]
  • Standard Bank Group
    Standard Bank Group Annual integrated report 2013 About Standard Bank Contents Standard Bank Group (the group or SBG), also trading as About this report 2 Stanbic Bank, is a leading African financial services group with a unique footprint across 20 African countries. Headquartered Our business in Johannesburg, we listed on the Johannesburg Stock How we make money 4 Exchange (JSE) in 1970 and started building our southern How we create value 6 African franchise in the early 1990s. Today, the group is the largest African banking group by assets and earnings. Our strategy A sustainable strategy 8 Our strategic position, which enables us to connect Africa to In, for and across Africa 10 other selected emerging markets as well as pools of capital in Material issues impacting our sustainability 12 developed markets, and our balanced portfolio of businesses Executing our strategy 14 provide significant opportunities for growth. The largest bank in the world by total assets, the Industrial and Commercial Realising the Africa opportunity 16 Bank of China (ICBC), is a 20.1% shareholder in the group, Key performance indicators 18 enabling a powerful relationship that connects us to this Our performance economic power. Chairman’s report to stakeholders 20 Group chief executives’ report 22 Executive committee 26 Salient features* Business unit reviews Personal & Business Banking 29 Headline earnings Corporate & Investment Banking 37 Liberty 43 Stakeholder engagement 48 R17 194 million Socioeconomic impact 50 2012: R14 918 million Employee report 52
    [Show full text]
  • Complete Financial Report
    Contents Shareholders’ diary Group structure Group corporate information Feautures of group results Board of directors Group EXCO Economic performance & outlook for 2005 / 2006 Chairman’s review CEO report CFO report Glossary of terms Annual financial statements Group value added statement Corporate governance Risk report Five year summary of consolidated income statements Five year summary of consolidated balance sheets Five year summary of ratios and selected financial information Share analysis Representation points Registered address FNB Namibia Holdings Limited 209 Independence Avenue Windhoek Namibia PO Box 195 Windhoek Namibia Company reg no 88/024 Transfer secretaries Transfer Secretaries (Pty) Ltd Shop 12, Kaiserkrone Centre Windhoek Namibia PO Box 2401 Windhoek Namibia Auditors Deloitte & Touche PO Box 47 Windhoek Shareholders’ diary Namibia Announcement of results 20 September 2005 Publication of annual financial statements 20 September 2005 Declaration of final dividend 24 September 2005 Payment of final divided 22 October 2005 Annual general meeting 24 October 2005 Publication of interim dividend February 2006 Declaration of interim dividend February 2006 Payment of interim dividend April 2006 Financial year-end 30 June Group structure Group corporate information Company name Holding % Registration number Erf Nine One Nil Klein Windhoek (Pty) Ltd 100 2003/0188 First Finance (Pty) Ltd 100 2002/058 First National Asset Management and Trust Company of Namibia (Pty) Ltd 100 91/125 First National Bank Nominees Namibia (Pty) Ltd
    [Show full text]
  • Monetary Policy Regime of Namibia: a Comparison with Hong Kong
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by KDI School Archives Monetary Policy Regime of Namibia: A Comparison with Hong Kong By Fenniyakweni Nangula Shangula THESIS Submitted to KDI School of Public Policy and Management in partial fulfilment of the requirements for the degree of MASTER OF PUBLIC POLICY 2011 Monetary Policy Regime of Namibia: A Comparison with Hong Kong By Fenniyakweni Nangula Shangula THESIS Submitted to KDI School of Public Policy and Management in partial fulfilment of the requirements for the degree of MASTER OF PUBLIC POLICY 2011 Professor Dongchul Cho II Abstract The purpose of this paper is to investigate the motivation of the application of a fixed peg exchange rate regime in Namibia and whether they are justified. The motivation for the topic springs from the fact that the 2008 Global Financial Crisis affected Namibia and her dominant partner, South Africa, differently and the monetary tools which Namibia could use to deal with the crisis were constrained because of the fixed exchange rate relationship with South Africa. Thus the question of whether Namibia should continue to exist in a fixed exchange rate relationship with South Africa was brought to the fore. The paper investigates the motives for maintaining the peg by exploring the historical context in which the regime was adopted and the current economic and political environment within which it operates. As the aim is to determine whether academic justifications for using a peg apply to Namibia, said justifications are explored. Furthermore, an investigation of the fixed peg exchange rate regime applied by Hong Kong is conducted, where the historical motivations for pegging the currency to that of the United States are explored as well as why the territory continues to use the same system up to the present.
    [Show full text]
  • Absa Africa Financial Markets Index 2020
    Absa Africa Financial Markets Index 2020 Africa’s possibility is in the detail Pictured: The iridescent feathers of the African peafowl Absa Africa Financial Markets Index 2020 | 1 The Absa Africa Financial Markets Index Absa Group Limited (‘Absa Group’) is listed on the Johannesburg Stock was produced by OMFIF in association Exchange and is one of Africa’s largest diversified financial services groups. with Absa Group Limited. The scores on p.7 and elsewhere record the Absa Group offers an integrated set of products and services across total result (max=100) of assessments personal and business banking, corporate and investment banking, wealth across Pillars 1-6. For methodology, and investment management and insurance. see individual Pillar assessments and Absa Group has a presence in 12 countries in Africa, with approximately p.38-39. 42,000 employees. OMFIF conducted extensive The Group’s registered head office is in Johannesburg, South Africa, and quantitative research and data analysis. it owns majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Qualitative survey data were collected Mozambique, Seychelles, South Africa, Tanzania (Absa Bank Tanzania and and analysed by OMFIF. National Bank of Commerce), Uganda and Zambia. The Group also has representative offices in Namibia and Nigeria, as well as insurance operations © 2020 The Absa Group Limited and in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia. OMFIF Ltd. All Rights Reserved. For further information about Absa Group Limited, please visit www.absa.africa Absa Marketing and Events team The Official Monetary and Financial Institutions Forum is an independent think tank for central banking, economic policy and public investment – a Fiona Kigen, Vice-President, Marketing: non-lobbying network for best practice in worldwide public-private sector Investment Banking, Erica Bopape, Head of Marketing: Investment Banking, exchanges.
    [Show full text]
  • Classification of Accounts Guide Last Updated – January 2018
    Classification of Accounts Guide Last updated – January 2018 Contents Part I: General introduction Part II: Residence Part III: Sector categories Part IV.1 – IV.2: Industrial classification Part IV.3: Relationship between sector and industrial classifications Part V.1: Sector components (ESA 10) and sub components Part V.2: List of countries 1 Part I Classification of Accounts Guide – General Introduction I.1 Foreword This guide is intended for all institutions completing a range of Bank of England statistical returns. It describes the two most important systems of classification used in compiling economic and financial statistics in the United Kingdom – the economic sector classification, and the industrial classification. This guide is intended to serve both as an introduction for newcomers and as a source of reference. The nomenclature in the sector classification is in line with international standards – in particular, the European System of National and Regional Accounts (abbreviated to ‘ESA10’). In addition, the analysis of industrial activity is in line with the 2007 standard industrial classification of economic activities (SIC) introduced by the Office for National Statistics. Those without knowledge of accounts classification are recommended to refer to the ‘Guide to Classification’ (Part I Section 3) which takes the reader through the main questions to be answered to help classify accounts correctly. The system of classification used in this guide is solely for statistical purposes. Parts II to IV of the guide describe the main aspects of the classification system in more detail, including lists of examples of institutions, or a web link reference, for many categories. I.2 An introduction to the classification of accounts Sector and industrial classification To understand the underlying behaviour which is reflected in movements in economic and financial statistics, it is necessary to group those entities engaged in financial transactions into broad sectors with similar characteristics.
    [Show full text]
  • November 2020 List of Participants 1 Afghanistan
    NOVEMBER 2020 LIST OF PARTICIPANTS AFGHANISTAN ALGERIA Mr. Ajmal Ahmady Mr. Loumi Chaâbane Governor Subdirector of Statistics Afghanistan Central Bank MOF, General Tax Directorate Pashtonistan Watt Cité Malki-Ben Aknoun Kabul 1001 Algiers 16000 AFGHANISTAN ALGERIA Mr. Mustafa Sameh Mrs. Kendil Fatma Zohra Manager, Financial Stability Section On-site Supervisor Da Afghanistan Bank Banking Supervision & Inspection Dept. Pashtonistan Watt Bank of Algeria Kabul 1001 38 Ave. Franklin Roosevelt AFGHANISTAN Algiers 16000 ALGERIA Mr. Gul Mohammad Noori Ms. Fatma Zohra Dahmani Deputy Manager, Financial Stability Inspector, Off Site Supervision Dept . Da Afghanistan Bank Bank of Algeria Pashtonistan Watt 38, avenue Franklin Roosevelt Kabul 1001 Alger 16000 AFGHANISTAN ALGERIA ALBANIA ARMENIA Mr. Deniz Deralla Ms. Mariam Yeghiazaryan Director of Supervision Dept. Head of Banking System Regulation Division Bank of Albania Central Bank of Armenia Sheshi Skënderbej No. 1 Vazgen Sargsyan 6 Tirana 1001 Yerevan ALBANIA ARMENIA 0010 ALGERIA AUSTRALIA Ms. Sara Kennouche Mr. Wayne Byres Directorate General of Politics and Provision Chair Finance Ministries Australian Prudential Regulation Authority Ahmed Francis bldg. Level 12, 1 Martin Place Ben aknoun -Algiers Sydney 2000 ALGERIA AUSTRALIA 1 NOVEMBER 2020 LIST OF PARTICIPANTS AUSTRIA BAHRAIN Mr. Eduard Mueller Mr. Nabeel Juma Executive Director Superintendent, Financial Institutions Financial Market Authority Austria Regulatory Policy Otto Wagner Platz 5 Central Bank of Bahrain Vienna 1090 King Faisal Highway, Diplomatic Area, Block 317, AUSTRIA Road 1702, Building 96 Manama BAHRAIN Mrs. Katharina Muther-Pradler Head of Department of Integrated Supervision Ms. Reema Mandeel Financial Market Authority Austria Superintendent, Regulatory Policy Otto Wagner Platz 5 Central Bank of Bahrain Vienna 1090 King Faisal Highway, Diplomatic Area, Block 317, AUSTRIA Road 1702, Building 96 Manama BAHRAIN Dr.
    [Show full text]
  • Payment Systems in Namibia Compare Favourably with Those in Developed Countries As Far As Customer Services Are Concerned
    THE PAYMENT SYSTEM IN NAMIBIA Table of Contents OVERVIEW OF THE NATIONAL PAYMENT SYSTEM IN NAMIBIA ............................... 127 1. INSTITUTIONAL ASPECTS .............................................................................................. 128 1.1 General legal aspects ................................................................................................... 128 1.2 Role of financial intermediaries that provide payment services ............................ 128 1.2.1 Commercial banks ............................................................................................. 128 1.2.2 Building societies ................................................................................................ 129 1.2.3 Nampost .............................................................................................................. 129 1.2.4 Credit card companies ........................................................................................ 129 1.2.5 Other non-banking entities ................................................................................. 129 1.3 Role of the central bank ............................................................................................. 130 1.4 The role of other private and public sector bodies .................................................. 131 2. SUMMARY INFORMATION ON PAYMENT MEDIA USED BY NON-BANKS ....................................................................................................... 132 2.1 Cash payments ...........................................................................................................
    [Show full text]