The Bank’s reputation is built on the strong foundation of robust risk management processes and commitment to ethical conduct. This underscores the Bank’s conduct and protects value creation for DBN stakeholders.

Overarching objectives of the Bank include ensuring sustainability and development impacts. Effective risk, performance and financial resource management underpin successful delivery on these objectives and ensure sustainable returns to shareholder.

Significant improvements have been made as the Bank seeks to implement the principles and practices as premised by the Corporate Governance Code for Namibia (Namcode) demonstrating the Bank’s commitment to complying to good corporate governance.

The Bank’s Risk Management Framework is best in class, and is supported by an effective governance structure made up of various assigned Board and Management Committees containing appropriate skills and expertise. The Board has authorised the DBN risk appetite with clearly defined risk limits that are reviewed regularly by the relevant management committees. This enables the Bank to take advantage of risk opportunities while following a measured approach to risk-based decisions. The Bank’s philosophy is one of continuous improvement, both in its pursuit of growth opportunities that create value for stakeholders while simultaneously managing complex non-financial risks.

Consequently, the consistent and proactive management of the Bank’s risk environment proves effective, with no material breaches of the Board-approved risk appetite noted and zero regulatory fines being incurred.