In the words of King and Levine, “financial intermediaries determine which economic organizations will survive and which will perish, which entrepreneurs will control organization and which will not, which types of investment can be made and which cannot, and which new economic products can be introduced by firms and which cannot”.
This statement is very much relevant to our situation here in Namibia and hence there is good reason for the public to be concerned about the role and behavior of those who are in charge of the financial sector in general and the banking industry in particular.