answersLogoWhite

0


Best Answer

because they are the worst and poorest country in the world!(Apart from the Phillipines!).

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why does Namibia have a small number of commercial banks?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The role of banks in the Nigerian?

the role of commercial banking in the development of nigerian economy


Where can one find information on Small Commercial Loans?

Small commercial loans are typically taken out by small businesses that need start-up capital. One can find information about them from small business associations, as well as directly from the banks that offer these loans such as HSBC.


What small city is the capital of Namibia?

Windhoek - located in Central Namibia, population of about 360 000 people


What is the desert next to Namibia in Africa?

The Namib Desert and a small part of the Kalahari Desert enter Namibia.


What is north of Namibia?

Angola is north of Namibia.Angola is the main country above Namibia. A part of Zambia is above a small part of Namibia, but Angola would be the answer you are looking for.


How did deregulation lead to a decrease in the number of banks between 1980 and now?

Deregulation removed some of the controls on banks. Legislation in the 1980's, removing some of the control resulted in a decrease in the number of banks and an increase in the size of the remaining banks. It was more difficult for small banks to compete for market share.


What is the difference between commercial banks and rural banks?

Actually the services provided by a commercial bank and a rural bank are the same. They both provide bank accounts, accept deposits, grant loans etc. to its customers. The only difference between the two is the population they serve. Commercial banks serve the general population of the country that live in cities and towns whereas the rural banks serve the customers from the rural villages of the country.


Do commercial banks offer their services only to businesses?

No. They offer their services to Individuals, Corporations, Small or medium enterprises, non profit organizations etc


What two deserts can be found in Namibia?

Namib Desert along coast, with part of the Kalahari Desert in eastThe Namib Desert is found along the coastline of Namibia ~ look to the related link below .The Namib Desert covers most of Namibia but a small part of the Kalahari Desert also enters the country.


Problem faced by the small scale industry in getting fincial assistence from bank?

The Main problem faced by a small scale industry in getting financial help from the commercial banks are 1. Lack of Credit worthiness


What is a difference between commercial banks and co-operative banks?

1. Registration ↓In India, the Commercial Banks are required to be registered under Banking Regulation Act, 1949.In India, the Co-operative Banks are required to be registered under the Co-operative Societies Act, of the concerned state.2. Main Objective ↓The main objective of a Commercial Bank is to accept deposits from public for the purpose of lending to industry and commerce.The main objective of a Co-operative Bank is to accept deposits from the members and the public for the purpose of providing loans to farmers and small businessmen with a motto of service.3. Availability of Funds ↓Massive funds are available at the disposal of Commercial Banks.Limited funds are available at the disposal of Co-operative Banks.4. Area of Operation ↓Commercial banks operate over a larger area. Some commercial banks even have branches in foreign countries.The area of operations of Co-operative Banks is limited and mostly confined to State. They do not operate at national level nor international level.5. Nationalisation ↓At present 20 Commercial Banks have been nationalised in India.In India Co-operative Banks are not nationalised.6. Merchant Banking Services ↓Commercial Banks provide merchant banking services such as advising the companies regarding the public issue of shares.Co-operative Banks do not provide merchant banking services.7. Mutual Funds ↓Commercial Banks in India such as Canara Bank, Bank of India, State Bank of India, do operate mutual funds.At present co-operative banks in India do not operate mutual funds.8. Basis of operation ↓Commercial banks operates on the commercial principles. They operate to earn a profit.The basis of operations is on co-operative lines, i.e. service to its members and the society.9. Rate of Interest ↓The Commercial Banks provide a lesser rate of interest as compared to co-operative banks.The Co-operative Banks provide a little higher rate of interest on deposits as compared to commercial banks.


What banks deal with small business grants?

Many banks exist that helps with small business grants. One of these banks is Bank of America. Usually, one of those popular banks like Chase deals with small businesses.