Email a copy of 'Mwanamveka hits at Malawi's commercial banks over 'Katapila' high interests rates' to a friend
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Email a copy of 'Mwanamveka hits at Malawi's commercial banks over 'Katapila' high interests rates' to a friend
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Blantyre based giants Nyasa Big Bullets have been paired against central giants Silver Strikers in the K45m FISD Challenge Cup...
This is a good observation minister but you have missed one step. Start with the reserve bank. These commercial banks will definitely follow.
I am sure you did some economics and it is the same economics these banks use.
The government has to rescue citizen as Mulli
Where is the government .People are losing property.In America this is unacceptable.The government has to rescue citizens as MULLI
You dont know what you are saying Mr Cashgate Mwanamveka. You were once a banker and you should know better.. Talk about electricity in malawi and water than putting the blame on the commercial banks. I see no sense in your senses.
Great sense in the Minister’s criticism of banks. Let’s pray the said FSA will be amended to the advantage of the people. God bless you Honourable Mwanaveka for the sensible way forward.
That’s a politician for you. Is it not a few years ago that you were on the banking side and foreclosing on Malawians? Fix your fiscal and monetary policies and you can walk the high moral ground. How can bank’s lower interest rates amidst such inflation and RBM rate, coupled with stringent liquidity and capital adequacy requirements. They need to maintain healthy interest margins and sustainable ROIs lest they pose systemic risk to the economy. Kenya’s inflation has been trending in the single digits for some time whilst the central bank is 10.5%. That’s why they are able to legislate… Read more »
This is why these banks have been making wonderfully high profits in the past 5 years of up to 25 billion for n… and 13 billion for s… milking Malawians like poor orphans without their leader who may back them They charge a fee on every type of service and a punishing fee to customers for any default or delay to pay them . But they do not compasate a customer for similar type of inconvenience or default or delay caused by the bank against the customer. There is no justice here since the imposed penalies are biased in favour… Read more »
What about Blue finance and Getbucks
MIF without the president , anthu sabwera
This country is let down by Politicians. It was difficult to even borrow money from Banks during MCP even when you were employed. We were regarded as informal people to be traced. UDF,DPP and PP governments did nothing to correct. You now wonder why it is difficult to become rich in Malawi without getting involved in any cash gate what so ever? It’s because of you the very Politicians; you are so pathetic.