Namibia: Chapman replaces Hans as Bank Windhoek MD
Chapman, a chartered accountant, holds a bachelor's degree (BAcc) and a Postgraduate Diploma in Accounting (PDA) from the University of Stellenbosch. He has been part of Capricorn Group and Bank Windhoek for 11 years and held various executive roles.
For the past four years he has served as the bank's Executive Officer for Retail Banking Services and Specialist Finance, following a stint as CFO. He is also a director on several boards within the Capricorn Group. Chapman said: 'Bank Windhoek is a truly Namibian bank with a rich history, a legacy of service excellence and deep connections to our community. I look forward to building on this foundation, working collaboratively, and embracing innovation to deliver exceptional value to our clients, stakeholders and the Namibian economy.'
© Copyright IC Publications 2022 Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
4 hours ago
- Zawya
VIDEO: UAE banks outperform GCC peers despite geopolitical headwinds
RELATED TOPICS FINANCIAL SERVICES The brokerage named Abu Dhabi Commercial Bank (ADCB) as its top pick for its cheap valuation and high growth profile. Watch the Zawya video here:
Gulf Business
5 hours ago
- Gulf Business
Al Ansari delivers record H1 2025 with 13% income growth
Image: Al Ansari Financial Services Al Ansari Financial Services, GCC's non-banking financial services provider, The results underscore the Group's resilience and market leadership, achieved despite ongoing geopolitical headwinds, and reflect the effectiveness of its long-term strategy to leverage strong economic momentum in the UAE and wider GCC. H1 2025 highlights: Operating income up 13 per cent YoY to Dhs638m. EBITDA increased 11 per cent YoY to Dhs287m, maintaining a 45 per cent EBITDA margin. Net profit after tax grew 3 per cent YoY to Dhs212m, as higher operating income from BFC consolidation was partially offset by increased finance costs from the acquisition-related shareholder loan. Total transactions rose 10 per cent YoY to 28 million. Outward remittance transaction value up 12 per cent YoY. Banknotes transaction value surged 105 per cent YoY. Wage Protection System (WPS) salary disbursals up 25 per cent YoY. Digital channels saw a 30 per cent YoY increase in transactions, representing 23 per cent of total outward remittances. Read: The Group's continued expansion in digital adoption, strong remittance growth, and diversification of services are positioning it for sustained long-term growth.
Khaleej Times
19 hours ago
- Khaleej Times
Al Ansari posts record income in first half of 2025
Al Ansari Financial Services, the largest non-banking financial institution and services provider in the GCC, has reported record results for the first half of 2025, with operating income rising 13 per cent year-on-year to Dh638 million. The growth was driven by the consolidation of the recently acquired BFC Group results from the second quarter and strong performance across most business lines, underscoring the group's market leadership and resilience despite geopolitical headwinds, the group said in a statement. Ebitda climbed 11 per cent to Dh287 million, maintaining a 45 per cent margin. Net profit after tax increased 3 per cent to Dh212 million, reflecting higher operating income offset by finance costs related to the shareholder loan for the BFC acquisition. Transaction volumes rose 10 per cent to 28 million, with outward remittance values up 12 per cent and banknotes transactions surging 105 per cent. Wage Protection System salary disbursals grew 25 per cent, while digital channels recorded a 30 per cent rise in transaction numbers, accounting for 23 per cent of total outward remittances. The group continued its expansion strategy, increasing its physical branch network to 439, including 274 Al Ansari Exchange branches in the UAE, 15 net new openings since H1 2024, and 165 branches added through the BFC acquisition across Bahrain, Kuwait, and India. The acquisition of Al Ansari Exchange in Kuwait is expected to be completed by the end of the third quarter, subject to regulatory approvals, while the launch of the Al Ansari Digital Wallet is set for Q3 2025. CEO Rashed A. Al Ansari said the strong results build on the positive momentum of the first quarter, highlighting the integration of BFC as a milestone in the group's growth strategy. 'Despite ongoing geopolitical challenges and fierce competition, we achieved solid growth across our business segments through disciplined execution and a focus on customer experience.' Al Ansari said the results reflect the strength of our business model, the trust of our customers, and our commitment to delivering accessible, technology-driven financial solutions. He added that the rise in digital transactions underscores the group's innovation drive, while early adoption of AI in its systems has delivered results beyond expectations. Deputy CEO Mohammad Bitar said the period was defined by robust operational execution and preparation for future growth. 'The consolidation of BFC marks a crucial step forward, expanding our geographic reach and enhancing our ability to serve a larger customer base with greater scale. We are also on the verge of launching our much-anticipated digital wallet, designed to make managing money more convenient and secure than ever before,' he said. Al Ansari stressed that the group remains aligned with the UAE's and GCC's vision for a digitally empowered and inclusive economy, with ongoing investments in technology and a focus on sustainable growth that delivers long-term value to shareholders, customers, and the communities it serves.
