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Divisions - Business Units


Electronic Banking

Box 195
Tel: +264 61 299 2187
Fax: +264 61 299 7139
ebanking@fnbnamibia.com.na

Home Loans

Box 2150
Tel: +264 61 299 2524
Fax: +264 61 299 2526
fnbbonds@fnbnamibia.com.na

WesBank (Windhoek)

Box 2941
Tel: +264 61 299 2437
Fax: +264 61 299 2500
wesbank@fnbnamibia.com.na

WesBank (Walvis Bay)

Box 1
Tel: +264 64 201 8222
Fax: +264 64 20 9621
wesbankwb@fnbnamibia.com.na

Service Centres


ATM Service Centre

Box 5065
Tel: +264 61 299 2613
Fax: +264 61 299 2657
asc@fnbnamibia.com.na

Bond and Loan Centre

Box 2150
Tel: +264 61 299 7037
Fax: +264 61 299 7034/2510
bonds@fnbnamibia.com.na

Cash Service Centre

Box 5065
Tel: +264 61 299 2713
Fax: +264 61 299 2715
csc@fnbnamibia.com.na

First Card

Box 285
Tel: +264 61 299 7199/7087
Fax: +264 61 299 7188
firstcard@fnbnamibia.com.na

International Business Centre

Private Bag 13239
Tel: +264 61 299 2040
Fax: +264 61 299 2125
ibc@fnbnamibia.com.na

Micro Loans Centre

Box 285
Tel: +264 61 299 2056
Fax: +264 61 299 2061
microloans@fnbnamibia.com.na

Exclusive Banking Suite

Box 285
Tel: +264 61 299 2126
Fax: +264 61 299 2302
firstcity@fnbnamibia.com.na

Windhoek Corporate

Box 285
Tel: +264 61 299 2067
Fax: +264 61 299 2079
corporate@fnbnamibia.com.na

WHK Comm Suite

Box 285
Tel: +264 61 299 2603
Fax: +264 61 299 2052
comsuite@fnbnamibia.com.na

Consumer Credit Hub

Box 285
Tel: +264 61 299 2831
Fax: +264 61 299 2207
retail@fnbnamibia.com.na

Foreign currency accounts


For corporate clients + providers of service


A CFC account is for corporate clients involved in import and/or export transactions; as well as providers of services (merchant trade, tour operators, insurance brokers, etc.). CFSs are bank administered and all transactions must comply with exchange control requirements.

What's hot


Reasons why you need this

Simplicity

It greatly simplifies the financial side of import and/or export dealings



Earn interest

You can earn interest on your foreign currency



Practical + convenient

It is convenient and practical because of the nature of your business



Sense of security

There is a sense of security as a result of the involvement of the bank



What you can do


  • You can hold an account in any major currency (AUD, CAD, CHF, EUR, GBP, JPY and USD)
  • Funds can remain in a currency for up to 180 days, before they need to be used for either payments for imports or converted to Namibian Dollar

Separate accounts need to be maintained for importers (Import Payment account) and exports (Export Receivable account)

  • Export Receivable Account - this account is opened in the name of the Namibian exporter in the bank's books for the purpose of receiving export proceeds or for the purpose of drawing funds in anticipation of foreign proceeds.
  • Import Payment Account - this account is opened in the name of a Namibian importer in the bank's books and is used to effect import payments on the importers behalf.

Both these accounts are similar in nature to an overdraft, in that the interest paid on creditor balances and the interest rate charged on debit balances are not fixed and fluctuate with the LIBOR rate on a daily basis.

 
 

What you need to know


Subject to exchange control procedures

  • The cost of imports can only be set off against the proceeds of exports through the CFC account system*
  • Other foreign commitments may not be set off against the proceeds of services

*Subject to certain exchange control procedures.

Getting it made easy


Foreign currency accounts

How to get it

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Other ways to apply

Contact us

Contact RMB Namibia Trade