The total assets of the Non-Banking Financial Institutions (NBFI) grew by 4.7% quarter-on-quarter and 16.6% year-on-year, amounting to N$552.8 billion between the third and fourth quarter of 2025.
These assets are various savings of locals, ranging from retirement, insurance, medical aid, and unit trusts.
The savings are used to invest in various projects and businesses for potential returns.
The NBFI sector, which accounted for 74% of the financial system assets, is reported to be financially sound, stable, and resilient, and did not pose a risk to the financial system’s stability, according to Namfisa, the regulator.
The growth in assets was driven by favourable financial market developments, supported by stable demand.
