Bank Windhoek’s strong ratings reaffirmed by global credit agency
Bank Windhoek has earned confirmation of its strong financial standing from Global Credit Rating (GCR), which kept its AA+(NA) long-term issuer rating and A1+(NA) short-term issuer rating on Namibia’s national scale, both with a Stable Outlook. The agency also maintained the bank’s A+(ZA) long-term rating on South Africa’s national scale, signaling its financial stability.
These assessments reflect Bank Windhoek’s solid position in Namibia, backed by robust capital reserves, ample liquidity, and a cautious approach to risk. GCR pointed to the bank’s governance framework as a standout feature, praising its well-developed structure, strategic execution, and integration of sustainability into operations. The agency also noted that the bank’s risk exposure remains controlled, thanks to careful lending practices and strong oversight.
James Chapman, Bank Windhoek’s managing director, described the rating as confirmation of the bank’s enduring values. He said the rating reflects the strength of the foundations on which Bank Windhoek operates and its continued commitment to maintaining the highest standards of governance, ethics, and responsible banking. Chapman added that as a trusted Namibian bank, Bank Windhoek recognizes that its role extends beyond financial performance. He said the Bank’s responsibility is to safeguard the trust placed in it by customers, employees, shareholders, and the broader Namibian economy through sound governance, ethical conduct, prudent risk management, and sustainable business practices.
As of 2026, Bank Windhoek holds a 31.5% share of Namibia’s national lending market, maintaining its leadership role through a mix of physical branches and expanding digital services. Its financial strength is further demonstrated by key metrics: as of June 30, 2026, its Tier 1 capital ratio was 18.6%, its leverage capital ratio stood at 12.0%, and both its liquidity coverage ratio (216.3%) and net stable funding ratio (123.4%) surpassed regulatory requirements.
The reaffirmation follows GCR’s assessment based on audited financial results as of 30 June 2026, information on the Bank’s loan book and funding, industry comparative data, and other relevant information. GCR states that its ratings represent an independent evaluation of the risks and merits of the rated entity.
The bank’s sustained market dominance and regulatory compliance show its resilience in Namibia’s financial sector.
