Namibia Government Gazette dated 1999-05-17 number 2105

GOVERNMENT GAZETTE
OF THE

REPUBLIC OF NAMIBIA
N$1.00

No. 2105

WINDHOEK- 17 May 1999
CONTENTS

GENERAL NOTICES

Page

No. 89

Determinations under the Banking Institutions Act, 1998 (Act No.2 of 1998):
Determinations on Minimum Insurance for Banking Institutions .................... .

No. 90

Determinations under the Banking Institutions Act, 1998 (Act No. 2 of 1998):
Determinations on Minimum Liquid Assets .................................................... ..

2

General Notices
BANK OF NAMIBIA
No. 89

~,

1999
DETERMINATIONS UNDER THE BANKING INSTITUTIONS ACT, 1998
(ACT NO.2 OF 1998)

In my capacity as Governor of the Bank of Namibia (The Bank), and under the powers
vested in the Bank by virtue of section 71(3)(b) ofthe Banking Institutions Act, 1998
(Act No.2 of 1998), I hereby issue the Determinations on Minimum Insurance for Banking
Institutions (BID- 14) which Determinations shall become effective on 1 June 1999.
T.K. ALWEENDO
GOVERNOR

Windhoek, 24 March 1999
BID -14

DETERMJNATIONS ONMINIMUMINSURANCEFORBANKING INSTITUTIONS
Overview

In terms of the provisions of section 63 of the Act, banking institutions are required to:

contract an insurance policy with an insurer to insure itself against any loss
which the banking institution or any of its customers may suffer as a result

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