# Bank Windhoek

Bank Windhoek Limited (Bank Windhoek) is a commercial bank in Namibia, which is licensed by the Bank of Namibia (BoN) to operate in the country. It provides financial services to its clients, which include personal, commercial and Small and Medium-sized Enterprise (SME) banking and accounts.
Bank Windhoek also offers foreign exchange services throughout its branches and through a joint venture with American Express, which has various outlets in Namibia. While being an autonomous Namibian company, the bank also provides international banking services through direct liaison with financial centres and institutions worldwide.

## History

Bank Windhoek was founded in 1982 when a group of entrepreneurs, led by Koos Brandt, took over eight local branches of the Volkskas Bank. The bank opened its first branch in Karasburg the same year it was founded. In 1990, the bank merged with Boland Bank and Trust Bank, and opened a branch in Walvis Bay. The bank opened its first Windhoek branch in 2001.

## Branch network and localised ATMs

Bank Windhoek has the largest branch network and footprint across Namibia. As of June 2022, it has 51 branches, agencies and specialist branches countrywide. The bank also has a corporate and institutional banking division with offices in Windhoek, Oshakati and Walvis Bay.
The bank also has 149 ATMs across Namibia and 253 Bank Windhoek Cash Express ATMs installed at various merchant locations countrywide in partnership with ATM Solutions Namibia.
Bank Windhoek is also the only bank in Namibia to offer ATMs with local language options.

## Ownership structure

Bank Windhoek, a fully owned subsidiary of the Capricorn Group, is the largest entity under the umbrella of Capricorn Investment Group Limited, branded as "Capricorn Group", a Namibian financial services group listed on the Namibian Stock Exchange, with interests in banking, insurance, asset management, investments and microfinance.
Until May 2017, Capricorn Group was a subsidiary of Capricorn Investment Holdings Limited (CIH). At present, the two largest shareholders of Capricorn Group are Capricorn Investment Holdings (CIH), which holds a 41% shareholding in Capricorn Group and the Government Institutions Pension Fund, which holds 25.9%.
Bank Windhoek contributes more than 95% of the total income of Capricorn Group and represents more than 89% of the group's net asset value. While BW Finance, a subsidiary of Bank Windhoek, is the vehicle through which the group does its micro lending business, which is a separate entity, as per regulation.
Capricorn Group Shareholders: :
| Entity | Shares |
| Capricorn Investment Holdings Ltd (CIH) | 40.7% |
| Government Institutions Pension Fund (GIPF) | 26% |
| Nam-mic Financial Services Holdings (Pty) Ltd | 9.9% |
| Capricorn Group Employee Share Trusts | 3.4% |
| 4650 Other Shareholders hold the remaining | 20% |

## Directors

The directors of Bank Windhoek as of 1 July 2017 are: :
| Title / Role: | Name and Surname: |
| Chairman | Johan Swanepoel |
| Managing Director | Baronice Hans |
| Non-executive director | Koos Brandt |
| Non-executive director | Thinus Prinsloo |
| Independent non-executive director | Gida Nakazibwe-Sekandi |
| Independent non-executive director | Brian Black |
| Independent non-executive director | Frans du Toit |
| Independent non-executive director | Gerhard Fourie |