How To Become a BAN Member – Bankers Association Namibia

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How To Become a BAN Member

Financial institutions wishing to become members of the Bankers Association may on applications to BAN be admitted either as Category 1, Category 2, Category 3 members.

01

Category 1 Member

Means a member who has been declared by the Bank of Namibia a domestic systemically important bank in Namibia in terms of the Banking Institutions Act

02

Category 2 Member

A member who has not been declared by the Bank of Namibia as a domestic systematically important bank in Namibia provided that any member being subsequently declared by the Bank of Namibia as a domestic systematically important bank shall be classified as a Category 1 member