Bank Windhoek was established in 1982, when a group of Namibian entrepreneurs took over eight local branches of Volkskas Bank.  The aim was to create a financially independent bank for Namibians in Namibia.  Currently, Bank Windhoek is operating under the umbrella of Capricorn Group of which Capricorn Investment Holding (CIH) is the main shareholder. 

Over the years, Bank Windhoek has built a strong financial position and achieved remarkable growth.  This was confirmed by Global Credit Ratings, an international credit rating organization.  As a result, Bank Windhoek received a short term credit rating of A1+ and a long term credit rating of AA, placing the Bank in the same league as other leading banks in Southern Africa.