Squarely three weeks after winning the CDH Golf tourney, Lumbadzi based golfer Lucky Penumlungu was on the limelight again on Saturday when he won the National Bank Mo626 Invitational Golf Tournament played at Lilongwe Golf Club. The seasoned golfer emerged top in a field of 80 golfers with 40 stableford points, counting out Sunil Godambe who […]
National Bank of Malawi, arguably the most successful commercial bank in the country, Tuesday donated items worth K1 million to vulnerable children at Mzuzu’s SOS Children’s Village. Hanz Muhombe, Mzuzu branch services manager, said the bank was touched with the good work SOS Children Village Malawi is doing in reaching out to vulnerable children across the country. […]
The board of directors for National Bank of Malawi (NBM) says the bank has raked in an 85 percent net profit increase for the half year period ended June 30, 2013, representing K6.3 billion up from last year’s K3.4 billion. This is contained in National Bank’s summary of unaudited interim results authorised by chairman Mathews […]
National Bank of Malawi (NBM) has reduced its base lending rate by five percentage points to 35 percent from 40 percent effective August 1, according to a statement released by NBM Corporate affairs Manager, Annie Magola. The statement further indicates that NBM has also reduced its mortgage lending rate to 35 percent from the 40 percent. Magola […]
A Blantyre-based businessperson Harry Thindwa has filed an appeal against the High Court Commercial Division’s ruling after losing his case against National Bank of Malawi (NBM) for wrongful seizure of his truck which led to loss of business claiming to be around K45 million. Thindwa through his lawyer, Ambokile Salimu are appealing against Justice Judge […]
A Blantyre-based businessperson Harry Thindwa has lost his case against National Bank of Malawi (NBM) for wrongful seizure of his truck which led to loss of business claiming to be around K45 million. Thindwa dragged NBM to Blantyre High Court Commercial division, after the bank on October 6, 2012 through its agents, Powermite Bargains illegally […]
Court hearing for nine people suspected of robbing National Bank Crossroads branch in June last year in Lilongwe continues at Lilongwe Magistrate Court. The suspects Pililani Fuleza 27, Lustiko Chifomboti 28, Idi Mmadi 35, Masauso Kaluwa 30, Charles Maliro 30, Paul Ganeti 46 Charles Kamaunda and Frank Lemu 26, appeared before Chief resident magistrate Ruth […]
National Bank of Malawi (NBM) Capital says the ongoing oversubscription of Treasury Bills is indicating that there is little investment room on the money market or lack of innovation by players. In its market review report, NBM Capital noted that the primary TB auction continues to register oversubscription; with the June 25, 2013 auction recording […]
The country’s largest bank by assets, National Bank of Malawi (NBM) has warned that the combined effect of the tight monetary policy and weak fiscal performance is likely to maintain the high interest rate and inflationary environment for some time. This follows market data from the Reserve Bank of Malawi (RBM) that it mopped up […]
NBM Capital has said Malawi’s liquidity position in the financial system has significantly improved closing with a surplus of K3.9 billion above the required K36.4 billion. The financial company, a subsidiary of National Bank of Malawi, said the Treasury Bill (TB) issue of 21 May 2013 was fully subscribed, attracting about K5 billion from the […]
A comparative analysis chart by the Malawi Stock Exchange for the 2012 results posted by all the 11 commercial banks in the country shows that National Bank of Malawi remains the biggest bank by assets at K129.8 billion. Through the asset base lines, National Bank is followed by Standard Bank at K118.1 billion then NBS […]
Shares for National Bank of Malawi last week registered a K3 price jump to trade at K65 each on the Malawi Stock Exchange (MSE). The market’s weekly report says it recorded trading activity in a total of 5 counters and the others are Illovo, First Merchant Bank, NBS Bank and TNM during the week ending […]
Malawi economy is slowly healing with the local currency, the Malawi kwacha, showing signs of stabilisation on account of weak demand for foreign exchange, National Bank of Malawi (NBM) has said. And the International Monetary Fund (IMF) has forecasted Malawi’s real Gross Domestic Product (GDP) growth rate next year at 6.1 percent which represents a […]
With hazel eyes, she looks young, dead-gorgeous and beautiful. On first sight she appears timid and coy that she can easily pass as any other ordinary woman in the streets. But make no mistake, for 29 year-old Maureen Matiya-Kwangwanya is no ordinary lass. She’s sharp and smart upstairs, a senior banker at National Bank of Malawi in the commercial city of Blantyre and has […]
Blantyre based businessman, Harry Thindwa has commenced legal action against National Bank of Malawi (NBM) for illegally impounding his truck which led to loss of business claiming to be around K45 million. According to documents filed at Blantyre High Court Commercial division, National Bank on October 6, 2012 through its agents, Powermite Bargains (Mr. Tobit […]
National Bank of Malawi (NBM) says customer response to e-banking has been slow since it was introduced years ago, therefore, will embark on civic education to raise awareness. Speaking Saturday at Mzuzu Sports Club during the prize presentation ceremony of this year’s National Bank Golf Tournament, the bank’s Chief Executive Officer George Patridge said though […]
Malawi Communications Regulatory Authority (Macra) Director General Charles Nsaliwa has reacted angrily to criticism by National Bank of Malawi chairman Professor Matthews Chikaonda by instructing that Macra closes all its accounts it holds with the bank. Chikaonda went to town on Macra on Tuesday when President Joyce Banda was opening the K7.5 billion state-of-the-art National […]
Social responsibility! National Bank of Malawi (NBM) has donated MK10 million to President Joyce Banda’s safe motherhood programme. The donation was presented to President Banda at the official opening of the bank’s business centre and office complex in Blantyre. NBM board chairperson professor Matthews Chikaonda, said the donation was meant to assist in the implementation […]