Development Bank of Namibia

The Development Bank of Namibia (DBN) is a state owned development bank in Namibia.

Development Bank of Namibia

Company type	Parastatal
Industry	Finance
Founded	2004
Headquarters	Windhoek , Namibia
Key people	John Mbango (Interim CEO)
Products	Loans Equity Partnerships Financial Advisory Services Management Services Export/Import Finance
Revenue	After tax: US$3.216 million (NAD: 35.3 million) (2011)
Total assets	US$146.01 million (NAD: 1.602+ billion) (2011)
Owner	Government of Namibia
Website	Homepage
Footnotes / references Headquarters[1]: 22

DBN headquarters in Windhoek

Overview

The bank began its operations in 2004. The main objective of DBN is to promote and finance development in those sectors of the economy which support development and the welfare of the citizens of the country. As of December 2011^[update], the total asset valuation of the bank was in excess of US$146 million (NAD:1.602 billion), with shareholders equity of approximately US$144.3 million (NAD:1.583 billion)^[2]

Leadership

The Development Bank of Namibia is led by a chief executive officer who is part of the board of directors. CEOs of the DBN have been:

• Martin Inkumbi (until 2023)^[3]
• John Steytler (2023–2025)^[4][5]

With the resignation of John Steytler as CEO in March 2025, John Mbango was appointed interim CEO.^[5]

See also

• List of banks in Namibia
• Economy of Namibia
• Government of Namibia