Number of banks reached 8.00 banks in 2019 in Namibia, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Namibia reached an all time high of 8.00 banks in 2017 and an all time low of banks in. When compared to Namibia's main peers, number of banks in Angola amounted to 26.0 banks, 9.00 banks in Botswana, 36.0 banks in South Africa and 18.0 banks in Zimbabwe in 2019.
Namibia has been ranked 125th within the group of 140 countries we follow in terms of number of banks, 39 places above the position seen 10 years ago.