Bank of Namibia Approves the Application for a Banking Licence to e-BANK Limited

The Bank of Namibia has announced that e-BANK Limited was provided authorization under section 11 of the Banking Institutions Act, 1998 (Act No. 2 of 1998 as amended). The provisional license is valid for a period of six months as from 1 August 2013 to allow e-Bank to set up their operations.

The public is therefore hereby notified that during this provisional license period, eBank Limited may not in any way engage in any formal or informal banking business  with any customers, especially soliciting of public deposits, until a certificate of  authorization to commence banking business is issued by the Bank of Namibia.

The Bank of Namibia therefore wishes e-Bank Limited success on their future endeavours within the Namibian banking sector as a new entrant.