TNM Chief Executive Officer Michiel Buitelaar has given bankers food for thought saying with digital transformation banks may have to do away with brick and mortar to serve their customers in future. Presenting a paper on ‘Digital Transformation in consumer industries’ at the 5th Bankers Conference 2020 on Thursday in Blantyre, Buitelaar gave an example […]
Vice-President Saulos Chilima on Tuesday had an audience with banking sector gurus operating under the umbrella body called Bankers Association of Malawi (BAM) at the Bingu International Convention Centre (BICC) in Lilongwe. Spokesperson for Veep’s office Pilirani Phiri explained that Chilima held the interface meeting with BAM leadership in his capacity as Minister of Economic […]
NGO Gender Coordination Network (NGO-GCN) has added its voice to calls from companies, businesspersons and opposition members of Parliament (MPs) to debate and pass the proposed Interest Rate Capping Bill into law. cappingInterest Rate Capping The proposed bill seeks to cap the interest rate applicable on the credit facility to a certain percentage above the […]
Parliament has deferred a Financial Services amendment bill to introduce a lending rate ceiling for banks. The bill has met stiff resistance from Bankers Association of Malawi (BAM), commercial banks and Reserve Bank of Malawi (RBM) and MPs mainly from the ruling party. The government even issued a very misleading press release disapproving the amendment. […]
Members of the main opposition Malawi Congress Party (MCP) and erstwhile ruling People’s Party (PP) on Thursday walked out of the House in protest over moves by the ruling Democratic Progressive Party (DPP) to stop MCP member of Parliament (MP) for Dowa West Alexander Kusamba Dzonzi from moving an interest rate cap bill—officially known as Financial […]
TNM Plc, Malawi’s integrated mobile network and ICT service provider, has contributed K5 million to the Institute of Bankers in Malawi (IOB) in support of the grouping’s 3rd Annual Conference slated from August 23 to 25, 2018 at Sunbird Nkopola in Mangochi. Speaking during the cheque presentation, TNM’s Chief Officer-Sales & Marketing Daniel Makata said […]
Bankers Association of Malawi (BAM) has called for the financial education and training for the youth in order to build a better nation. BAM Chief Executive Officer Violette Santhe said in an interview that population is skewing towards the youth and statistics show that 75% of the population in Malawi is composed of the youth […]
State Vice President Dr. Saulos Chilima has advised commercial banks in Malawi to rework their interest rates if they are to survive. Chilima gave the advice in Mangochi on Friday when he officially opened the Institute of Bankers in Malawi Annual Conference at Sunbird Nkopola Lodge. The Veep noted that the interest rates of banks […]
The National Switch Limited (Nat-Switch) has bemoaned failure by some member banks in adhering to rules and standards set by the switch which connects bank systems to offer domestic interoperability of digital payment systems in Malawi. The National Switch, commissioned in 2015, allows customers of various banks to make transactions on Auto teller Machines (ATMs) and Point-Of-Sale (PoS) […]
Innovations for Poverty Action (IPA) and Bankers Association of Malawi (BAM) last week organised a two-day conference in Lilongwe to appreciate efforts government is making in the financial inclusion agenda and find ways of better banking. IPA country director Dr Thomas Chataghalala Munthali, speaking at the official opening of the conference, said their global financial […]
The Bankers Association of Malawi (BAM) told Public Affairs Committee (PAC) of parliament that there is no law in the country which prohibits a customer to cash certain amount of money on bank counter. A source in BAM told Nyasa Times on Sunday that during the meeting they had with PAC which was led by […]
Bankers Association of Malawi (BAM) has said commercial banks will deal with money laundering in the country by using the Money Laundering Act which was enacted a few years ago. BAM said it will continue asking for customers’ personal details which include physical and postal addresses, utility bills, customer registration certificate, that’s for business entities, […]