Windhoek: The non-banking financial institutions (NBFI) sector recorded a stable rise during the third quarter of 2025, with total assets reaching close to N.dollars 530 billion, the Namibia Financial Institutions Supervisory Authority (Namfisa) has revealed. The NBFI sector includes insurance companies, medical aid funds, retirement funds, friendly societies, capital market institutions, and microlending institutions.

According to Namibia Press Agency, the NBFI sector consisted of 1,142 active entities and 15,406 registered intermediaries at the end of the third quarter of 2025, reflecting the range and significance of the sector to the country’s financial system. The NBFI sector recorded steady growth during the third quarter of 2025, as reported in Namfisa’s Quarterly Statistical Bulletin.

“Total assets reached N.dollars 528.2 billion, increasing by 5.3 per cent quarter-on-quarter and 14.8 per cent year-on-year,” the report said. It indicated that the financial sector recorded solid asset increase during the period under review, mostly pushed by good financial market advancements.

“This growth was underpinned by favourable financial market developments, with pension funds, long-term insurers, and collective investment schemes collectively accounting for more than 91 per cent of the sector’s total assets,” it underscored. The report highlighted that the NBFI sector continues to reflect strength assisted by strong investment performance, sustained demand across industries, and progressing regulatory oversight.

Namfisa also commended all regulated entities for the timely submission of their completed regulatory returns “without which the compilation of this report would not have been possible”.