Letshego Bank Namibia is a commercial bank in Namibia. It is licensed by the Bank of Namibia, the central bank and national banking regulator.
History The institution was established in 2002 as Edu Loan Namibia. In August 2008, Letshego Holdings Limited (LHL), a Botswana Stock Exchange (BSE) listed entity, acquired majority shareholding in Edu Loan. The company re-branded to Letshego Financial Services Namibia, to reflect its shareholding.
In July 2014, Letshego Namibia was awarded a provisional banking license, which allowed them to make salary loans, with installment loan payments deducted directly from the borrower's paycheck by the employer. In July 2016, the bank was granted a full unrestricted banking licence.
Location The headquarters of the bank are located at 18 Schwerinsburg Street, in Windhoek, the capital and largest city in Namibia. The bank maintains a total of 15 branches in various urban centers in the country, as at August 2016.
Ownership Letshego Bank Namibia is a 100 percent subsidiary of Letshego Holdings Namibia Limited (LHN). The shares of the stock of Letshego Holdings Namibia Limited are traded on the NSX, under the symbol LNH. As at December 2022, the shareholding in the group's stock was as depicted in the table below:
+Letshego Holdings Namibia Limited stock ownershipRankName of ownerPercentage ownership1Letshego Holdings Limited78.462Kumwe Investment Holdings Limited12.003Other local & international investors9.54Total100.00
See also List of banks in Namibia
References
External links Website of Bank of Namibia