Regulatory Alerts1998-12-30
Annual Fees
The Bank of Namibia’s Bank Supervision Department requires all banking institutions to pay an annual fee of N$10,000 before 31 January each year under Section 13(1) of the Banking Institutions Act, 1998. Institutions must return a completed acknowledgement of receipt, signed by both the chief executive officer and independent auditors, along with two enclosed copies of this circular. This obligation aligns with Regulation 3 of the Schedule on Fees Payable to the Bank of Namibia, as published in Government Gazette No. 1831 of April 1998.
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