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Blue Bank expands footprint – unveils 60th branch

Blue Bank expands footprint – unveils 60th branch

With an investment of N$4-million, Standard Bank inaugurated a new branch in the town of Karibib in the Erongo Region on 8 November.

The latest banking facility comes just within 6 days of the previous branch opening by the Bank in the village of Okongo in the Ohangwena Region.

The inauguration of the latest facility in Karibib marks the 60th branch of Standard Bank throughout the country. In expanding its footprint in the country, the Bank had also opened new branches in the towns of Ruacana, Eenhana, Henties Bay and Mondesa in Swakopmund last year.

Standard Bank with its 102 years of existence in Namibia established its first branch in Lüderitz back in 1915. Since then it has grown from a mere few staff members to over 1 700 employees today by extending its roots deep into the fabric of the Namibian society with 60 branches and a wide network of 266 ATMs countrywide to date.

Officially unveiling branch, Regional Governor of the Erongo Region Cleophas Mutjavikua commended Standard Bank for its ongoing going mission to bring banking services closer to the people as it relates to financial inclusion.

“It therefore goes without saying that the new Standard Bank Karibib Branch will go a long way in making banking more accessible and convenient for the residents and tourists visiting the town. Banking is indispensable in today’s modern society and I’m pleased to see that over the past 102 years Standard Bank has been supporting the country’s economic growth and providing services and products that relate to the needs of individuals and business consumers alike,” said Mutjavikua.

In an effort to complement the town council’s developmental efforts, Standard Bank’s Head of Personal and Business Banking Mercia Geises said the Bank saw the importance of offering customers innovative banking services and products to further boost economic activities.

“In essence, opening a new branch has positive spin offs for the community in that it ultimately generates employment, brings a variety of banking service efficiency and various business and personal banking options for customers, as well as reduce the unnecessary travelling costs. We strive to operate in a customer-centric environment where it is all about meeting our customers’ financial needs first. Coupled with this is also enhancing the financial wellbeing of our customers through financial advice and education from our banking consultants and managers. We are driving Namibia’s growth, because Namibia is our home,” said Geises.

Caption: Standard Bank unveils new branch to the value of N$4-million in Karibib. Unveiling the new facility are Erongo Regional Governor Cleophas Mutjavikua (right) and Standard Bank’s Head of Personal and Business Banking Mercia Geises.



About The Author

Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys