Regulatory Alerts2026-02-09
Circular on Standard Returns for Banking Institutions (2022)
The Bank of Namibia’s Banking Supervision Department issued Circular No. 1/20 (2022) to standardize the statutory returns, directives, and completion instructions required from all banking institutions. The circular mandates specific reporting frequencies, consolidation rules, and cut-off procedures for monthly through annual submissions while permitting alternative treatments if accompanied by detailed explanations. Institutions must submit certified returns via the designated digital portal or email, ensuring accurate classification of financial positions and capital adequacy metrics, with the regulator retaining authority to require revisions for material errors.
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