Email a copy of 'Malawi bank NBS to lay off 300 employees by March 2017' to a friend
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Email a copy of 'Malawi bank NBS to lay off 300 employees by March 2017' to a friend
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Gastin Simkonda's equaliser earned Moyale Barracks a point and denied Yasin Osman's Be Forward Wanderers a victory they deserved at...
Analyst is out of order he writes about savngi culture pamene article ndi ya NBS Bank, silly useless senseless clueless man. Ndiponso these days who can afford to save. Salary zathu zikumatha pa 10of each month kwinako we just survive by the grace of God. Ukalandira ka salary kako kochepa uyang’ane za panyumba transport lunch relatives ndiye what can you save. We need to be realistic on these matter otherwise it is an insult to call on people to save when they are barely surviving
NBS is just a tip of the iceberg. Most banks are in trouble, but they can’t cry out loudly because they could lose customers. The real problem we have is the economy. The economy of Malawi is in trouble. There isn’t money in circulation. The statistics about inflation that it is going down do not reflect the reality on the ground. Things are very bad. NBS has sounded an SOS, next is bank iyo. Ndukuwuzani. Two successive droughts for Malawi, coupled with donor aid freeze and poor leadership under the Mutharika have left both the government and the private sector… Read more »
end-time-events
Shaaa. Too bad. So if every bank is closing or down sizing where do people go? Likewise if every org is closing wat do u xpect people to do? Is this also as a result of climate change? I don’t think so. WE REARLY HAVE A BIG PROBLEM.
Zonama izi Mr Mulusu was just a bad manager wamatama osatha ntchito busy flushing magalimoto koma does not owe NBS that amount.
osatha ntchito? shame on you
Iam not surprised many banks in Malawi will fall If foreign banks come in the country. NBS Bank used to be bank of mortgage during Kamuzu Banda. The Whole areas of 47, 12 and old 10 were NBS Bank loans. Interest was normal. To day not many borrow from NBS Bank to build houses. Why? 40% interest plus penalties Who can really manage with salaries of Malawi? Only Cash Gate money. Apart from interest of 40% Malawi Banks take big amount of charges from Savings Accounts. U save your money for safe keeping and The bank take every month. I… Read more »
End-times-event
Who-will-save-us!
The Malawi banking market is highly concentrated in terms of both major clients where one client effectively banks will all banks as well as one bank being the major provider of banking services to a number of important institutions. This is a serious risk. Because of the indispensable importance of the very few banks in place some important regulatory requirements have not been followed to the letter by banks and RBM has been passive… Let’s wait and see
Analyst is always a constructive commentator… Keep it up man