A mechanism, which not only bears relevance for monetary policy but also paves the way for future economic growth and development and any disruption or deviation in this regard, could create economic or financial chaos. Do Namibian commercial banks play a developmental role? The traditional functions of Commercial Banking in Namibia have undergone rapid transformation since independence.
The total assets of commercial banks currently operating in the system increased from $ bn in 1990 to about $ bn in 2000 with branches now numbering about 101 and the total number of employees reaching close to 3000. Commercial banks real credit to the private sector grew at an average rate of about 10 per cent between 1990 and 2000.