Bank Windhoek finances Bel Esprit

Bank Windhoek Corporate and Institutional Banking is proud to have financed of the newly built Bel Esprit Mental Health Clinic, a 69-bed mental healthcare facility situated on the corner of Mosé Tjitendero and Henry Kaltenbrun Street, Olympia, Windhoek, which officially opened its doors on 12 June 2018. A first of its kind in Namibia, the…

What is collateral?

Every industry has unique words, terms and phrases. In the financial world, you may have encountered the word “collateral” or “security” when you visit your bank for a loan; but what exactly does this mean and why do banks ask for collateral? “Collateral refers to something of meaningful financial value which you as a borrower…