Opportunity International Bank closes three branches in North Malawi    

The Opportunity International Bank of Malawi (OIBM) closed three of its branches in the northern region.

Ndirande Branch, Opportunity International Bank of Malawi (OIBM)
 Opportunity International Bank of Malawi (OIBM)

According to some inside source, the affected branches include Chitipa, Nkhata-bay and Jenda in Mzimba districts.

“The OIBM has indeed closed its branches in Chitipa, Nkhata-bay and Jenda. We were surprised today morning when the supervisor told us to hand over all working documents to our bosses who came under police escort,” OIBM employee told Nyasa Times on Monday.

They added “as for the staff we have been told to meet our managers on Friday at Mzuzu hotel .

However, OIBM officials are yet to issue a comment on the matter.


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6 years ago

It’s a shame to these people from centre and south because they don’t know how decent North is. They are deceived by greedy politicians who need their vote. Yet Malawi is the poorest in the world.SHAME.Ruled by them who say are better people.For them to know school they have to block intelligent students out.Open your eyes idiots.

6 years ago

This Bank was managed poorly especially in the North
Nothing is decent in the north including people

6 years ago

What has caused the closures is poor performance. This has resulted from loss of potential customers as as all rich Tumbukas have gone down to the central and southern regions and have settled there. How can the northern regions develop like this?

6 years ago
Reply to  Sibweni

u are very confused man, OIBM is not even bank that counts in the north, if NBM, STD BANK, FMB FDH/MSB closed ur opinion would have carried the day, this bank is for vendors,mandasi sellers and more vendors are not in the north but south and center, this bank is for small scale businesses!!! i never wanted to comment but u forced me to!!!!

Kambewa chisale
6 years ago
Reply to  master

The mzuzu branches has very rude staff I bought a house and had bank certifyd chq from national bank. The chq was deposited to my client but he could not cash it. They said he should wait for 7 days.They made me to wait from Friday and Saturday and was not assisted and I told them to give back the chq and took it to Nat bank and was assisted accordingly.

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