Namfisa Quarterly Statistical Report

02 Feb

Retirement funds assets dip in the third quarter of 2022

ObserverNational NewsNamfisa Quarterly Statistical Report, Retirement funds assets dip in the third quarter of 2022

Tujoromajo Kasuto Namfisa Quarterly Statistical Report says that the value of retirement fund assets decreased during the third quarter of 2022 on both a quarterly and annual basis. The authority notes that the quarterly decline in investments is mostly reflected in the negative performances in equity and debt markets due to inflationary and interest rate pressure. Additionally, the report reveals that the geographical allocation of investments also changed during the quarter. “Investments held in the CMA and Africa regions decreased to 19.5 percent and the industry’s domestic investment holdings decreased to 50.6 percent and remained in line with the 45.0…

Namfisa regulated entities experienced growth dips

ObserverNational NewsCommon Monetary Area (CMA), Namfisa Quarterly Statistical Report, NAMFISA’s Consumer Complaints Department

Tujoromajo Kasuto THE Namibia Financial Institutions Supervisory Authority (Namfisa) regulated 599 entities with total assets worth N$368.6 billion during the first quarter of 2022, shows a 0.5% decrease from the asset value of N$370.6 billion recorded at the end of the fourth quarter of 2021. This is contained in the Namfisa Quarterly Statistical Report for the first quarter of 2022, released yesterday. The report provides industry statistics, the latest industry trends and developments and also information regarding Namfisa’s regulatory and supervisory activities during the quarter under review. According to the report, ‘’the non-banking financial institutions assets increased annually by 8…