Pointbreak increases stake in EBank (27 February 2015)

19 Mar 2015

Pointbreak increases stake in EBank

Pointbreak, a Namibian Investment Management Company and co-founding shareholder of EBank, has announced the acquisition of a 38,3% in EBank Holdings Limited from South African based TYME, Pointbreak's original partner in the establishment of EBank.

In a statement, EBank said the transaction has received approval from both the Namibian Competition Commission and the Bank of Namibia following the recent 100% acquisition of TYME, by Commonwealth Bank of Australia.

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