Member Institutions

Section 23 of the Deposit Guarantee Act categorized membership of the Scheme in three Categories:

  • A Banking Institution that is authorized under section 11 of the Banking Institutions Act to carry on banking business in Namibia;
  • A Branch of a foreign bank that is authorized under section 19A of the Banking Institutions Act to carry on banking business in Namibia;
  • A Building society that is registered to conduct the business of a building society under section 4 of the Building Societies Act.