NICO Holdings Plc has posted K21 billion as profit before tax for the year ended 31st December, 2019 — up from K16 billion made in 2018 and representing a growth rate of 34% growth year on year. And from the results, the company’s board of directors has declared K469 million as dividend for its shareholders […]
NBS Bank has emerged as Malawi’s Best Bank for the second year running in the Euromoney Awards for Excellence 2020. Last year, NBS Bank was voted 2019 Best Bank in Malawi by EuroMoney Awards for Excellence and 2019 Bank of the Year Malawi by the Banker Awards. The Bank has been recognised for the great […]
NBS Bank Plc and NBS Forex Bureau have recorded a profit before tax of MK3.7 billion for the six months ended 30th June 2020 and net profit after tax of MK2.8 billion. The profit before tax is up from MK2.1 billion in the same period in 2019 that had a net profit after tax of […]
NBS Bank on Thursday donated various personal protective equipment (PPEs) for Blantyre Health Office (DHO) health workers who are in the frontline in mitigating Coronavirus (COVID-19). The PPEs included examination gloves, face masks and protective suits as a response from several calls made by various quarters and the health workers themselves for assistance in such […]
NBS Bank Plc and NBS Forex Bureau Limited’s financial performance has tremendously improved in the past two years and as at the end of 31 December 2019, they registered K4.46 billion profit after tax. This represents a growth of 162% above the profit after tax of K1.699 billion reported in a similar period of 2018. […]
NICO Life and NBS Bank on Friday were among the guests gracing the official launch of the Student Society of Banking and Finance at the Polytechnic in Blantyre as a gesture of solidarity to foster a lasting partnership towards Banking and Finance degree programme. Banking and Finance was initiated at the Polytechnic over three years […]
A seasoned banker Phillip Madinga has returned to Standard Bank of Malawi where he will now be Head of Personal and Business Banking. Standard Bank chief executive officer William le Roux has since welcomed back Madinga who returns from NBS Bank plc where he was chief commercial officer. “Phillip has a wealth of experience in […]
In appreciating the great sacrifice of those who served the country during the two World Wars, NBS Bank joined golfers Lilongwe Golf Club for War Veterans where they sponsored a charity tournament organised by the Malawi Defence Force. NBS’s Olivia Kadzamira, said prompted NBS to come forward and be part of the noble event is […]
Malawi Police in Dedza have arrested a bank teller for allegedly siphoning off money amounting to K3.9 million from unsuspecting customers. Dedza police spokesperson Edward Kabango said Jerome Kalanda worked for Dedza NBS bank. “He has been transferring the money from the customers’ accounts since April,” said Kabango. Kalanda, who is on full remand, hails […]
In honoring their pledge that they will donate K1 million to an orphanage as commemoration of World Father’s Day, which is celebrated on June 16, NBS Bank’s top management fathers, visited Jacaranda Foundation where they interacted with its less privileged children as well as to present the donation they pledged. “I am very happy to […]
NBS Bank’s Board Chairman, Vizenge Kumwenda says one factor contributing to its recent profitability is the Bank’s migration into the digital space which is one of their core focus areas and it is a common denominator to everything they do with support from one of their international business partner, Rabobank of The Netherlands. NBS Bank […]
NBS Bank plc has issued its Trading Statement for the period ending June 30, 2019 and it advises its shareholders that profit after tax for this period is expected to be approximately 150% higher than the profit recorded during the previous corresponding period. According to the Bank’s Chief Executive Officer, Kwanele Ngwenya, the company, as […]
In commemorating Father’s Day on Sunday, NBS Bank’s male staff members who are fathers on their own right, have committed themselves to donate MK1 million to an orphanage. NBS Bank’s Chief Executive Officer Kwanele Ngwenya said they came up with this initiative because every child has a right to a father. “We have decided to […]
An employee of NBS bank in eastern city of Zomba has bolted after allegedly stealing K47 million. Gift Peter Nafera from Mulanje, who was the operations manager as well as second in-charge of the branch, has gone away with the following Euro10,500 USD48,800 ZAR4,960 and MK1,468000 total in Malawi Kwacha is about K47 million. According […]
NBS Bank celebrated International Women’s Day on Friday with female customers across the country to join the rest of the world in celebrating the social, economic, cultural and political achievements of women. The first two women customers who entered its banking halls countrywide on the international womens day, were given a Wrapper (Chitenje) as a […]
Malawi Stock Exchange-listed commercial bank, NBS Bank plc, has confirmed it’s laying off employees as it plans to close five branches across the country following a slump in the number of transactions it handles. NBS Bank has been making losses until recently when it announced reducing loss by about 74 percent to K1.1 billion in […]
NBS Bank has extended its banking hours up to 6PM at nine of its key service centres in the country to give customers more flexibility in banking for deposits and withdrawals during the busy festive season. A statement from the bank’s Chief Executive Officer, Kwanele Ngwenya, says the service centres are Salima, Mangochi, Blantyre, Limbe, […]
NBS Bank has announced that it has introduced a loan facility which people can utilize to access a loan in order to invest in ICON Properties shares. NBS Bank together with Standard Bank are receiving banks for ICON Properties, which is in the process of listing on the Malawi Stock Exchange and opened the Initial […]