Banking in Namibia started in June 1906, when German colonists formed the Deutsche Afrika Bank, which would become the First National Bank of Namibia. Following Namibian Independence in 1990, the Namibian banking sector came under the control of the new government which restructured the sector and created the Bank of Namibia as the central bank. Today banking is dominated by South African commercial banks who operate subsidiaries in Namibia.[1]
^"History of banking". August 23, 2007. Archived from the original on August 16, 2017. Retrieved August 16, 2017.
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