WINDHOEK, 26 JUN – The Agricultural Bank of Namibia (Agribank) disbursed N$304 million in new loans during the 2016/17 financial year, the bank’s latest annual report shows.
Of this amount, farmland purchases constituted N$103 million, livestock loans N$44 million and productive infrastructure improvements N$29 million.
The report, which was tabled by Finance Minister Calle Schlettwein in the National Assembly last week, further shows that resettled farmers received N$7 million in funding for the period under review.
“The bank has proposed changes to the Ministry of Land Reform in order to make the Post-Resettlement Support Fund more meaningful for resettled farmers,” reads the report.
This engagement will continue in the current financial year, it added.
In the report, Agribank’s Chief Executive Officer Sakaria Nghikembua projected that the next two to three years will be challenging for the bank.
“Climatic conditions remain volatile and unpredictable. Government’s fiscal consolidation efforts are likely to continue and economic growth will remain subdued,” he said.
Agribank’s interest income increased by 6 per cent, from N$157.4 million in 2016 to N$167.5 million in 2017.
Similarly, interest income on investments increased by 17,6 per cent from N$16 million in 2017 to N$18.9 million in 2017, resulting from higher investment balances and better yields during the year under review.
Furthermore, the general administrative expenses of the bank rose by 11 per cent from N$109.1 million in 2016 to N$121.4 million in 2017.
This was attributed to an increase in staff cost of 12 per cent, provision for actuarial valuation on post-retirement medical benefits (N$4.4 million), new subscription fees for the use of rangeland monitoring tools (N$1 million) and increased depreciation due to the acquisition of new assets for the bank (N$4.2 million).
Nghikembua noted that they have laid a solid foundation for the bank over the past financial year.
However, more needs to be done for its clients to ensure its financial sustainability and to become an employer of choice.
NAMPA
141 comments
… [Trackback]
[…] Info on that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Read More on to that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Read More Info here on that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Find More on on that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Information on that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] There you can find 20306 more Information on that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Find More Information here to that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
… [Trackback]
[…] Read More to that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
Reba Fleurantin
[…]usually posts some very intriguing stuff like this. If youre new to this site[…]
Lila Lovely BBW
[…]Every when inside a when we decide on blogs that we study. Listed beneath are the most up-to-date web-sites that we select […]
domain-name
[…]although websites we backlink to beneath are considerably not associated to ours, we really feel they may be truly really worth a go by, so possess a look[…]
Homework Help
[…]please check out the websites we stick to, which includes this 1, as it represents our picks in the web[…]
Click Here
[…]Here are several of the internet sites we advocate for our visitors[…]
Click Here
[…]very couple of internet websites that happen to be comprehensive beneath, from our point of view are undoubtedly properly really worth checking out[…]
Click Here
[…]check beneath, are some entirely unrelated websites to ours, however, they’re most trustworthy sources that we use[…]
Click Here
[…]Sites of interest we have a link to[…]
Click Here
[…]although web sites we backlink to beneath are considerably not connected to ours, we really feel they are basically worth a go by means of, so possess a look[…]
Click Here
[…]always a massive fan of linking to bloggers that I enjoy but really don’t get quite a bit of link really like from[…]
Click Here
[…]very handful of internet websites that transpire to be in depth beneath, from our point of view are undoubtedly effectively worth checking out[…]
Click Here
[…]always a major fan of linking to bloggers that I really like but do not get lots of link love from[…]
Click Here
[…]here are some links to websites that we link to simply because we feel they’re worth visiting[…]
Click Here
[…]below you will find the link to some sites that we believe you’ll want to visit[…]
Click Here
[…]check below, are some absolutely unrelated internet websites to ours, having said that, they may be most trustworthy sources that we use[…]
Click Here
[…]just beneath, are a lot of absolutely not related web pages to ours, having said that, they are certainly really worth going over[…]
Click Here
[…]we came across a cool web page that you could possibly take pleasure in. Take a look in case you want[…]
Click Here
[…]please go to the web sites we follow, such as this one particular, because it represents our picks in the web[…]
Click Here
[…]very handful of sites that happen to become in depth below, from our point of view are undoubtedly effectively worth checking out[…]
Click Here
[…]The info mentioned within the post are a number of the very best obtainable […]
Click Here
[…]we like to honor several other online sites around the internet, even if they arent linked to us, by linking to them. Beneath are some webpages really worth checking out[…]
Click Here
[…]just beneath, are a lot of absolutely not connected sites to ours, nevertheless, they may be certainly worth going over[…]
Click Here
[…]one of our visitors not long ago suggested the following website[…]
Click Here
[…]always a huge fan of linking to bloggers that I adore but really don’t get a whole lot of link really like from[…]
remote control robotics
[…]Every once in a whilst we pick blogs that we study. Listed beneath are the newest web-sites that we pick out […]
Click Here
[…]The details mentioned inside the article are some of the best accessible […]
fundamentals of robotics
[…]below youll come across the link to some web sites that we believe you’ll want to visit[…]
Click Here
[…]although internet websites we backlink to below are considerably not related to ours, we feel they’re really worth a go through, so have a look[…]
Click Here
[…]that will be the finish of this post. Right here youll come across some web pages that we think you will value, just click the hyperlinks over[…]
Click Here
[…]just beneath, are numerous totally not related sites to ours, nevertheless, they’re certainly worth going over[…]
Click Here
[…]we came across a cool website that you simply may enjoy. Take a search when you want[…]
Click Here
[…]just beneath, are various absolutely not related web-sites to ours, on the other hand, they are certainly worth going over[…]
Click Here
[…]just beneath, are many entirely not related sites to ours, on the other hand, they may be certainly really worth going over[…]
Click Here
[…]Wonderful story, reckoned we could combine a few unrelated data, nonetheless definitely worth taking a search, whoa did one particular find out about Mid East has got a lot more problerms also […]
Click Here
[…]Every once in a whilst we choose blogs that we read. Listed below would be the newest sites that we pick out […]
Click Here
[…]below you will find the link to some web-sites that we feel you must visit[…]
Click Here
[…]please visit the web pages we comply with, which includes this a single, because it represents our picks through the web[…]
Click Here
[…]below youll find the link to some sites that we feel it is best to visit[…]
Click Here
[…]please pay a visit to the web sites we comply with, such as this a single, because it represents our picks from the web[…]
Click Here
[…]one of our guests lately proposed the following website[…]
Click Here
[…]always a significant fan of linking to bloggers that I love but do not get a good deal of link adore from[…]
Click Here
[…]Here is a good Weblog You may Discover Intriguing that we Encourage You[…]
Click Here
[…]we came across a cool website which you might appreciate. Take a appear when you want[…]
Click Here
[…]that is the finish of this post. Here you will obtain some websites that we believe you will enjoy, just click the links over[…]
Click Here
[…]please pay a visit to the internet sites we follow, including this a single, as it represents our picks through the web[…]
Click Here
[…]just beneath, are various completely not related internet sites to ours, nonetheless, they may be surely worth going over[…]
온라인바카라사이트
[…]we like to honor quite a few other internet internet sites on the internet, even if they arent linked to us, by linking to them. Underneath are some webpages really worth checking out[…]
grand rapids teeth whitening
[…]usually posts some incredibly interesting stuff like this. If you are new to this site[…]
Click Here
[…]please take a look at the web-sites we stick to, like this one particular, because it represents our picks from the web[…]
Click Here
[…]we prefer to honor several other internet web sites around the web, even if they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
https://gquery.org/
[…]that could be the finish of this write-up. Right here you will find some web sites that we consider you will enjoy, just click the hyperlinks over[…]
Click Here
[…]below youll obtain the link to some web-sites that we consider it is best to visit[…]
Click Here
[…]please visit the web-sites we comply with, like this 1, as it represents our picks from the web[…]
Click Here
[…]Here is a good Blog You may Obtain Exciting that we Encourage You[…]
Click Here
[…]the time to read or stop by the content or web pages we’ve linked to below the[…]
Click Here
[…]one of our visitors recently encouraged the following website[…]
Click Here
[…]Every as soon as inside a although we opt for blogs that we study. Listed beneath would be the most up-to-date sites that we decide on […]
Click Here
[…]very few web-sites that come about to be detailed beneath, from our point of view are undoubtedly effectively worth checking out[…]
Click Here
[…]very few websites that take place to become comprehensive below, from our point of view are undoubtedly effectively really worth checking out[…]
Click Here
[…]always a large fan of linking to bloggers that I really like but do not get a lot of link adore from[…]
Click Here
[…]check beneath, are some totally unrelated internet sites to ours, having said that, they are most trustworthy sources that we use[…]
Click Here
[…]usually posts some very interesting stuff like this. If youre new to this site[…]
latest refer and earn apps
[…]just beneath, are many completely not associated web-sites to ours, however, they’re certainly really worth going over[…]
Referral Code
[…]always a major fan of linking to bloggers that I appreciate but do not get a lot of link appreciate from[…]
Click Here
[…]the time to study or stop by the content material or web pages we’ve linked to beneath the[…]
Click Here
[…]Here is an excellent Blog You might Locate Intriguing that we Encourage You[…]
Click Here
[…]always a big fan of linking to bloggers that I like but dont get a good deal of link adore from[…]
Click Here
[…]here are some hyperlinks to web sites that we link to due to the fact we assume they may be really worth visiting[…]
Click Here
[…]The details talked about inside the report are several of the very best obtainable […]
Click Here
[…]check beneath, are some entirely unrelated websites to ours, on the other hand, they are most trustworthy sources that we use[…]
Click Here
[…]Sites of interest we’ve a link to[…]
Click Here
[…]Here is a superb Weblog You might Discover Fascinating that we Encourage You[…]
카지노 게임 플레이
[…]we came across a cool website that you just may possibly get pleasure from. Take a look in the event you want[…]
buy-premium-domains
[…]here are some links to web sites that we link to mainly because we assume they are worth visiting[…]
domain-broker
[…]Here is a superb Blog You may Obtain Fascinating that we Encourage You[…]
realtor ad
[…]just beneath, are various completely not associated internet sites to ours, on the other hand, they are surely really worth going over[…]
top cardano nft projects
[…]the time to study or take a look at the content material or internet sites we’ve linked to beneath the[…]
Google reviews
[…]please take a look at the web pages we follow, including this one particular, as it represents our picks from the web[…]
Porn stars australia
[…]although web-sites we backlink to below are considerably not associated to ours, we feel they’re truly really worth a go via, so have a look[…]
reputation defenders
[…]we prefer to honor many other net websites on the internet, even if they arent linked to us, by linking to them. Beneath are some webpages worth checking out[…]
2023 Books
[…]that will be the end of this report. Here you will obtain some web sites that we feel you will enjoy, just click the hyperlinks over[…]
find a grave
[…]Search for deceased and milions of death records worldwide […]
search dececased
[…]Dead people and bereaved family and friends […]
marriage records
[…]The first social network dedicated to the death, dying and funerals. […]
IRA Empire
[…]Every the moment inside a although we choose blogs that we read. Listed beneath are the newest web-sites that we pick out […]
soccer over under betting strategy
[…]that is the end of this post. Here you will find some web sites that we believe youll value, just click the links over[…]
Chirurgie esthétique Tunisie
[…]we came across a cool internet site that you just could possibly appreciate. Take a look when you want[…]
National Chi Nan University
[…]Sites of interest we have a link to[…]
… [Trackback]
[…] Read More Information here to that Topic: namibiadailynews.info/n304-million-in-new-loans-disbursed-by-agribank-in-2017/ […]
ما هي ارخص جامعة خاصة في مصر
[…]The info mentioned within the write-up are some of the very best offered […]
درجة المحاسبة
[…]Every when in a even though we choose blogs that we read. Listed below are the most up-to-date sites that we pick out […]
Accounting courses
[…]Every as soon as inside a while we pick blogs that we read. Listed below would be the newest web-sites that we decide on […]
What are the goals of political science
[…]one of our guests just lately proposed the following website[…]
Department of Pharmacy Practice and Clinical Pharmacy
[…]one of our guests recently advised the following website[…]
Dental postgraduate programs
[…]Here are a number of the internet sites we advocate for our visitors[…]
students with a GPA less than 2.0
[…]Sites of interest we have a link to[…]
Bachelor’s Degree in Computer Engineering
[…]Here are a number of the sites we advocate for our visitors[…]
Postgraduate Dental Programs
[…]below you will find the link to some web pages that we feel you must visit[…]
وظائف خريجي ماجستير إدارة الأعمال في مصر
[…]we came across a cool site that you simply may possibly love. Take a appear should you want[…]
التقديم جامعة المستقبل في مصر
[…]Sites of interest we’ve a link to[…]
قبول الطلاب الدوليين في جامعة المستقبل
[…]we like to honor numerous other world-wide-web internet sites on the web, even if they arent linked to us, by linking to them. Underneath are some webpages really worth checking out[…]
رسوم دراسة ماجستير إدارة الأعمال
[…]that would be the end of this write-up. Right here you will obtain some websites that we consider youll value, just click the links over[…]
Executive MBA program in Cairo
[…]Here is a good Blog You might Find Exciting that we Encourage You[…]
الإدارة العامة
[…]we prefer to honor many other internet internet sites around the web, even when they arent linked to us, by linking to them. Below are some webpages worth checking out[…]
لوائح كلية الاقتصاد والعلوم السياسية
[…]just beneath, are various totally not associated websites to ours, having said that, they’re surely really worth going over[…]
امتحانات القبول لجامعة المستقبل
[…]Here is a good Weblog You may Obtain Interesting that we Encourage You[…]
Department of computer science
[…]we came across a cool internet site that you could possibly get pleasure from. Take a search when you want[…]
Network Administrator
[…]usually posts some very exciting stuff like this. If youre new to this site[…]
Aims and Goals symposium
[…]please go to the web-sites we stick to, such as this one, because it represents our picks in the web[…]
Msc in dental
[…]Here is a superb Blog You may Locate Intriguing that we Encourage You[…]
https://www.kooky.domains/post/how-web3-domains-differ-from-traditional-domains
[…]Every after in a though we decide on blogs that we study. Listed below are the most recent web sites that we choose […]
https://www.kooky.domains/post/blockchain-based-web3-domains
[…]just beneath, are numerous entirely not related websites to ours, on the other hand, they may be surely really worth going over[…]
دراسة ادارة الاعمال بجامعة المستقبل
[…]always a big fan of linking to bloggers that I really like but dont get a lot of link appreciate from[…]
كلية إدارة الأعمال في مصر
[…]although websites we backlink to beneath are considerably not related to ours, we feel they’re essentially really worth a go through, so possess a look[…]
عيوب كلية الصيدلة
[…]Sites of interest we’ve a link to[…]
Centrifuges
[…]we like to honor lots of other web internet sites on the web, even when they arent linked to us, by linking to them. Underneath are some webpages worth checking out[…]
Academic Year
[…]we like to honor several other world-wide-web web sites on the internet, even if they arent linked to us, by linking to them. Under are some webpages worth checking out[…]
Social Media Marketer
[…]here are some hyperlinks to web sites that we link to simply because we feel they are really worth visiting[…]
faculty of engineering and technology
[…]although web sites we backlink to below are considerably not related to ours, we really feel they’re actually really worth a go by way of, so have a look[…]
Periodontal Continuing Education
[…]we came across a cool web-site which you may delight in. Take a search in case you want[…]
future University application form
[…]very few web-sites that transpire to become comprehensive below, from our point of view are undoubtedly effectively really worth checking out[…]
Maillot de football
[…]very few web sites that take place to be in depth below, from our point of view are undoubtedly properly worth checking out[…]
Maillot de football
[…]usually posts some pretty intriguing stuff like this. If you are new to this site[…]
Maillot de football
[…]The data mentioned inside the write-up are a number of the ideal offered […]
Maillot de football
[…]although sites we backlink to beneath are considerably not associated to ours, we really feel they may be basically really worth a go as a result of, so possess a look[…]
Maillot de football
[…]Here is a great Weblog You might Come across Fascinating that we Encourage You[…]
SEOSolutionVIP Fiverr
[…]always a large fan of linking to bloggers that I appreciate but dont get a great deal of link adore from[…]
SEOSolutionVIP Fiverr
[…]Here are a number of the web-sites we advise for our visitors[…]
faretti binari
[…]Wonderful story, reckoned we could combine a few unrelated data, nevertheless truly really worth taking a look, whoa did one particular learn about Mid East has got extra problerms at the same time […]
pannello led
[…]Here is a good Weblog You may Obtain Fascinating that we Encourage You[…]
cage crossfit
[…]although web-sites we backlink to beneath are considerably not connected to ours, we really feel they’re really really worth a go through, so possess a look[…]