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NDB explores commercial banking model

Friday, January 30, 2026 | 70 Views |

Partnerships: (L to R) Neo Quashie (NDB - Head of Finance), Neo Kootsholetse (NDB - Head Of Treasury and Capital Management), Kelebogile Makhala (NDB - Treasury Officer), Dr Fatima Farouk Elsheikh El toum (BADEA Secretary General), Ogone Madisa (NDB Chief Executive Officer), Yousra Fadol (BADEA Operations Expert), Ntokozo Monamati (NDB - Head Of Legal and Board Secretary)

The National Development Bank (NDB) is testing the possibility of moving towards commercial banking operations, a direction that if pursued, would add greater depth and citizen equity holding in the local banking sector.

At present in the local commercial banking sector, only BBS Bank is citizen-owned, whilst all the others are the offshoots of parent groups that are based out of South Africa, Namibia, Malawi, Namibia, Nigeria and the United Kingdom.

The NDB, a statutory bank established in 1963, has been earmarked for privatisation, merger, commercialisation and other strategic reforms over the decades, with little traction.

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