By Business Reporter
BANK Windhoek Holdings Limited (BWH) launched its new name and brand at a stakeholder event on September 22, following the approval of shareholders on August 29 2016 to change the name.
BWH is now known as Capricorn Investment Group (Capricorn Group).
Capricorn Group is a diversified financial services group listed on the Namibian Stock Exchange with interests in banking, insurance, and wealth and asset management.
At the launch of the Capricorn Group brand, Thinus Prinsloo, Managing Director said:”Capricorn Group wants to be the most trusted and inspiring connector of positive change in Namibia and beyond. As our identity and ethos is closely linked to the well-being of our country, we share the responsibility to bring positive change, thereby creating an environment of empowerment and prosperity. It means positive change for our people, our Government, our shareholders and positive change for the people of Namibia. “We will differentiate ourselves through our unique service offering and our ability to create sustainable opportunities for Namibians. Our customers are the reason we exist. Our customer-centric strategy and culture is underpinned by our unrelenting drive to provide customer experiences that are meaningful. Capricorn Group will continue to achieve our goals responsibly and we believe that sustainability comes from a firm focus on not only profit, but also our people and the planet.
“We want to continue delivering relevant solutions, convenient products with a responsive network of people and channels that enables these opportunities to be created. We recognise the value of a positive reputation and strong brands and will continue to invest in the powerful brands in our group, with Bank Windhoek as the flagship brand and Capricorn Asset Management as a leader in wealth and asset management”.
At the same event, Capricorn Group also launched its first Integrated Annual Report for the period ending June 30 2016. The Integrated Annual Report complies with international best practice standards and contains valuable information for our shareholders and other key stakeholders on, not only the solid financial performance and operational activities of the Group of the past financial year, but also the economic, social and environmental aspects of Capricorn Group’s activities. The new name and brand of the Group is also on the cover of the integrated report.
The report sets out how Capricorn Group and its subsidiaries create value for shareholders over the short, medium and long term. This is achieved by reporting on the Group’s performance for 2016, articulating our response to the external environment through strategy, governance and risk management, and measuring our social and environmental impact.
“We have been privileged to experience a year with many highlights and achievements for our Group. I am particularly proud of how Capricorn Group continues to deliver on our commitment to shareholders to deliver long-term sustainable value in a responsible manner. We do however expect the more challenging economic conditions to persist in the near term but with our respected brands, good relationships, a prudent approach to credit and a strong capital adequacy position, we will remain focused on meeting the banking and financial services needs of Namibians,” Prinsloo said on the report.
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