Phillip Madinga heading to NBS Bank 

Renowned and experienced banking guru Phillip Madinga is destined to join NBS Bank, just weeks after his surprise resignation from FMB Bank plc where he was Group General Manager for Corporate and Commercial Banking.

Madinga: Heading to NBS Bank

Insiders said Madinga will be joining NBM bank after a three month ‘garden leave’ to join in the business section to help revamp and turn around the bank’s business.

NBS Bank is currently undergoing through ‘a rights issue’ with an aim of raising money to increase its operating capital as per banking requirements.

“He is joining NBS Bank and we thought he is the right person to turn around the bank’s business owing to his experience,” said one of the directors of the bank who did not want to be mentioned.

On which specific position will Madinga get once he joins NBS Bank, the director was non-committal advising Nyasa Times to wait for an official communication on the matter.

But insiders disclosed that Madinga will be the Deputy Chief Executive Officer of the bank.

Madinga, a former Managing Director at FDH bank before moving to FMB Bank will join another youthful banker Kwanele Ngwenya who was appointed Chief Executive Officer for NBS Bank a few months ago, replacing Bernaddete Mandoloma who has since retired.

He could not be reached for comment as his phone went unanswered after several attempts.



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ine pano

apatu abwana muwapalasa anamwali mtaunimu okonda ndalama aja.olo atamatchaja 100,000 per round mutha kukwanitsa.sukulu ndiyabwinodi imakupangisa kupalasa anamwali abwino pa town

Stanford Dunga

Congrats Mr. Madinga for the new role, Malawi will never appreciate when a friend gets blessed. Stories will always be their.


Leave him alone. We went to school and he knows his job. Why not. Go to school then you will appreciate what the world can do for you.



Leave him alone. We went to school and he knows his job. Why not. Go to school then you will appreciate what the world can do for you.



He is a performer. Even his former juniors do attest to this fact. So let him buoy in his salary


Phillip is a commercial prostitute..Give him six months and he will be moving . Question is to which bank as he has finished them all. Does he really that know much.. I hear the dude has a propensity for money as much as between the sheets. Mebbe the issue had to do with women. But if he is as good with his work as reportedly said I suppose why not. Thought Dickshit was going to appoint him the New CEO in.Zimbabwe, a tough terrain..

why is the gap/margin this big between the boss and junior ?? how much is the money the boss is getting in us dollars ?? how much is the money the junior is getting in us dollars ?? COMMON BATTLE FIELD IS THAT BOTH OF THEM BUY SUGAR THE SAME PRICE THIS IS THANGATA/ STEALING TO JUNIORS !!

Omwa tea azamwanso. Congrats Phillip


All the best. Not these other people who eather abscond business at the parliament or keep on sleeping but agreeing to raise LDF. God is punishing them one by one. Thoise who have eyes are seeing.

Phaghlani Vwavwa

Why is the media or some journalists so obsessed with the salary of this man?. There are several people who are getting so much more than what this man was receiving at FMB. What is special about this man please . ?


I agree with you. After all salary is a confidential subject why leaking it in public? Poor standards of journalism @ play!

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