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  •   Info@dbn.com.na
  •  General FAQ
  •  Collateral
  •  FIA Compliance

General FAQ

Why does a 'development bank' finance private sector start-ups and expansions?

At DBN, we recognise that private sector businesses play a very important role in economic development. Private sector businesses have shown the ability

  • Create employment
  • Improve the quality of the workforce
  • Diversify the economy
  • Diversify ownership of equity
  • Assist in decentralisation
  • Produce substitutes for products and services that are currently sourced across borders
  • Develop infrastructure
  • Strengthen the base of fixed assets in the country.

Organisations with feasible business plans that create employment and satisfy a combination of the above requirements should contact DBN

Is a Black Economic Empowerment (BEE) component prerequisite?

BEE aims to redress the inequalities of the past by giving previously disadvantaged Namibian citizens economic opportunities previously not available to them. It includes measures such as equal employment opportunities, skills development, business ownership support, and preferential procurement.

BEE is not a prerequisite at DBN, as our portfolio of projects shows, but DBN considers diversification of ownership a critical factor in developing the economy.

DBN gives preference to loans which provide opportunities for formerly disadvantaged Namibian shareholders to participate in the day-to-day management of organisations, for instance management buy-outs.

Will DBN consider equity finance or shareholding?

Pure equity finance may be considered, subject to viable business plans and a contribution to development, but DBN prefers and encourages participation on the part of management.

Does the Bank finance infrastructure?

 DBN provides financing for public sector projects and private public partnerships. Major infrastructure projects are judged on clear long term viability, capacity to generate income and long term benefit to the economy.

Collateral

What collateral does DBN require?

DBN requires collateral. DBN views its request for security or collateral as an accountability measure, which extends to the Bank’s own accountability to the public in view of it being capitalised from national resources.

  • Financial instruments held by the applicant
  • Assets not related to the project
  • Assets acquired for the project
  • 3rd party guarantees
  • Cession of project income
  • Insurance policies
  • Fixed and movable assets
  • Assets acquired through DBN financing.

The level of collateral required is project-specific.

The Bank requires commitment from clients in order to secure its own sustainability. Although the DBN is sensitive to difficulties in providing collateral on the part of certain economic segments, the Bank does require commitment from clients. The intent is to develop a partnership with clients and instill a sense of accountability to the Bank.

Compliance with Financial Intelligence Act - (Act No. 13 of 2012)

DBN clients are required to provide the following details required in terms of Section 24 of the Financial Intelligence Act.

DBN requires collateral. DBN views its request for security or collateral as an accountability measure, which extends to the Bank’s own accountability to the public in view of it being capitalised from national resources.

1. The registered Office and Postal address of the Business

2. The physical location of the Business (street address)

3. The physical location of the Business (street address)

  • Full Name(s) and Surname
  • Identity and/or Passport Number
  • Postal Address
  • Street Address
  • Business Resolution
  • Company Registration documents

4. Details of persons holding more than 20% shares in the Business

  • Full Name(s) and Surname
  • Identity and/or Passport Number
  • Postal Address
  • Street Address
  • Copy of Share Certificate / Members Interest

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