NBS Bank has called on Malawi’s local councils to prove they can collect and manage money well before asking for more of it, saying devolution must transfer responsibility and accountability as well as funds. Speaking in Blantyre on Thursday, Alfred Nhlema, on behalf of the chief executive of NBS Bank plc, made the remarks at […]
Malawi erupted in celebration on Wednesday night as the Scorchers powered past Algeria 3–1 in Morocco to book their place in the WAFCON finals — a historic triumph that has sent the nation into football fever. And the good news didn’t stop there. The team has received a massive boost, with NBS Bank announcing a […]
NBS Bank has awarded prizes to 596 customers in the second draw of its Kwakoma Ndi Ku NBS Bank promotion, a savings‑focused campaign aimed at strengthening retail deposit mobilisation across Malawi. The promotion, launched in June, forms part of the bank’s broader strategy to encourage long‑term savings behaviour. Winners received a mix of consumer goods […]
Gift Nafere is ten years into a prison sentence for stealing K47m from NBS Bank, in a case that once dominated headlines. Last week, in a plain meeting room at the bank’s Limbe branch, he sat across from his former employers and said sorry. The encounter came about through the Malawi Prisons Service’s Restorative Justice […]
NBS Bank has rebranded its SME Banking division to Business Banking, a move the institution says is aimed at widening access to finance for Malawi’s micro, small and medium‑sized enterprises. Speaking at the launch on Tuesday, chief executive Temwani Simwaka said the revamped unit will introduce a suite of products designed to ease financing constraints […]
Listed commercial bank NBS Bank and its major shareholder Nico Holdings have together provided a total of 10 mentors, comprising of Managers and Heads of Departments, who will mentor two girls each for a period of one year in a Girls mentorship Programme being championed by First Lady Monica Chakwera. NBS Bank chief Finance Officer […]
NBS Bank plc has partnered with IT Centre Limited, a leading ICT products and solutions company in the country, in a bid to help customers purchase various electronic equipment for their homes or businesses with the introduction of Smart Finance facility. Through this facility, loans will be granted to individuals and corporate customers for the […]
In its quest to provide convenient banking solutions for all customers, NBS Bank plc has said it wants to ensure that all customers are accommodated, by orienting customers with disabilities on the different services being offered by the bank to satisfy its financial inclusion policy. NBS Bank Cluster Manager for Centre and North Tryson Kalanda […]
Malawi Stock Exchange listed NBS Bank has partnered with Gesellschaft für Internationale Zusammenarbeit (GIZ), commissioned by German Federal Ministry for Economic Cooperation and Development (BMZ) in the promotion of Agricultural Finance (AgriFin) project focusing on engaging both the supply and demand sides to small-scale farmers, farmer organizations and agri-based entrepreneurs. On the supply side, GIZ, […]
Malawi Postal Corporation (MPC), then trading as Malawi Post Office, used to operate banking services in all its post offices across the country. But Malawi Post Office was later transformed to MPC paving way to the creation of Malawi Savings Bank as its subsidiary — which was then sold a few years ago to FDH […]
NBS Bank plc has reported a strong financial performance in the year 2020 with profit after tax rising by 58% to K7 billion from K4.46 billion reported in 2019. A statement signed by the bank’s chairman Vizenge Kumwenda, director Matthews Mtumbuka, chief executive officer Kwanele Ngwenya and chief finance officer Vera Zulu said faced with […]
NBS Bank plc has donated 20 computers worth K14 million to the Ministry of Health to support its Covid-19 Response Call Centre. Presenting the computers in Lilongwe on Monday, NBS Bank Head of Corporate and Investment Banking Alfred Nhlema said the bank, as a good corporate citizen, believes it is its responsibility to join hands […]
Nico General Insurance Company, a subsidiary of the Malawi Stock Exchange (MSE)-listed financial services group Nico Holdings Limited, through its sister company, NBS Bank, will be extending short term loans to customers looking to pay for their insurance to ease the pressure during the pandemic period. This will see clients having the peace of mind on […]
Malawi Stock Exchange-listed NBS Bank has rolled out a digital initiative named Bank Pafupi, through which the country’s unbanked rural masses now can afford to sustain and secure their savings and investments. The Bank Pafupi operates through private agents across the country in both urban and rural areas and since its inception in 2002, NBS Bank […]
Malawi Stock Exchange-listed NBS Bank plc has launched ab e-commerce platform, powered by Network International (Network.ae), a leading enabler of digital commerce across Africa and the Middle East. The implementation of Network International’s N-GeniusTM Online payment gateway will enable NBS, a leading commercial bank in Malawi, to offer small and medium enterprises (SMEs), large corporations, public […]
Malawi’s top professional golfer, Paul Chidale has flown first to Uganda before connecting to Tanzania for pro tours, courtesy of NBS Bank — which has sponsored him with US$1,550 for air ticket and upkeep allowance. According to Malawi Professional Golfers Association (PGAMW), Chidale will first participate in final pro tour matches of the year in […]
NBS Bank has denied social media reports that hackers have infiltrated into its systems and stolen millions of money and confidential information of its clients that include companies and NGOs. The rumours say the hackers obtained bank accounts and transaction information of over 20,000 accounts. In a statement, NBS says it has never been hacked […]
Malawi Post Corporation (MPC) will continue to engage several partnerships with different stakeholders as a turnaround strategy that can remove the company from the financial problems it is facing, the Company’s Acting Post Master General, Zachaeus Meke said. Meke said this at Bvumbwe in Thyolo District on Wednesday during the launch of NBS Bank-MPC banking […]