By Business Reporter
AS part of its mission to bring banking services closer to the people, Standard Bank officially opened a new branch at Okongo village in the Ohangwena region on 1 November.
The new facility, which will be offering customers a full range of banking services, was jointly unveiled by the Ohangwena Regional Governor, Usko Nghaamwa, and Standard Bank Chief Executive, Vetumbuavi Mungunda.
“Opening a new branch has a multiplier effect for the community, in that it ultimately generates employment, brings a variety of banking services to clients, improves service efficiency for customers, as well as reduces unnecessary travelling costs. We strive to operate in a customer-driven environment, where it is all about meeting our customers’ financial needs,” said Mungunda, at the official unveiling ceremony.
Nghaamwa commended Standard Bank for bringing banking services to the people of Okongo, and its surrounding areas within the region.
“As you all know, banking is very important for the growth of our local economy. It helps our people generate business, get out of poverty and improve their living standards. As our Head of State once said, ‘no one should be left out’ and banking services must be made available to everyone, as it speaks to financial inclusion. I urge the community and business people to, therefore, make full use of the banking services offered by Standard Bank,” said Nghaamwa.
The inauguration of the latest facility in Okongo marks the 59th branch of Standard Bank opening in the country. In expanding its footprint, the bank also opened new branches in the towns of Ruacana, Eenhana, Henties Bay and Mondesa (Swakopmund) last year.
Standard Bank, with its 102 legacy of existence in Namibia, opened its first branch in Lüderitz back in 1915. It has grown from a mere few staff members to over 1 700 employees today, by extending its roots deep into the fabric of Namibian society.
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