Vice President Dr Saulos Chilima has urged commercial banks in the country to strike a balance between provision of better banking services and bank service charges. He was speaking when he officially launched the NBS Private Banking at the Presidential Villas in Lilongwe on Wednesday, which will be a service point for high net-worth customers […]
NBS and FDH Banks have banked rolled the 50: 50 campaign as one way of enhancing the initiative in order to achieve positive results for the 2019 tripartite elections. The two commercial banks made the financial contributing during the National launch of 50: 50 campaign at Masintha ground in Lilongwe on Thursday whose theme is “Win […]
The Malawi Stock Exchange (MSE)- listed NBS Bank has trimmed its loss by 74 percent to K1.1 billion in the year ended December 31, 2017, the bank’s financial report reveals. The bank has trimmed the losses from K4.3 billion in 2016. This feat has changed the narrative in the banking circles on the prospects of […]
A renowned popular local musician, Fredokiss Kaluwa has rebranded the NBS Bank student account into ‘Khenge’. Speaking in an interview Kaluwa, who is also NBS brand ambassador, said Khenge student account is a non interest bearing account designed for students who are in colleges, secondary or university schools in Malawi. He said many students have […]
NBS Bank has appointed accomplished woman finance manager Vera Yamikani Zulu as its Chief Finance Officer. NBS Bank said in a statement that Zulu is a seasoned and qualified accountant with 18 years experience, 15 of which were in the banking industry. “Prior to joining NBS Bank, Mrs. Zulu was with Nedbank Malawi as Chief […]
The journey just gets better for the Ghetto King Kong, Fredokiss as on Friday, the ghetto youth ambassador was named the NBS bank brands ambassador. Fredokiss, who recently interacted and motivated the younger generation of Malawi with his two free shows held in Blantyre and Lilongwe on Friday, took to social media to reveal the […]
The Fiscal Police in Blantyre have arrested NBS Bank’s Financial Controller, identified as Matthias Sulumba, for money laundering and theft by servant charges. Sulumbu, who hails from Magulugulu village in Karonga district and stationed at the bank’s head office at Ginnery Corner in the commercial city, was arrested on Tuesday. He spent a night in […]
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. Insiders said Madinga will be joining NBM bank after a three month ‘garden leave’ to join in the business section to […]
NBS Bank, a subsidiary of conglomerate Nico Holdings Limited is in trouble. The Bank will be laying off close to 300 employees between now and March 2017, Nyasa Times can reveal. Insiders said a culmination of bad debts which included one from its former Chairman retired Insurance guru Felix Mlusu of close to K200 million and […]
A Machinga based teacher has emerged the prime winner of the NBS Annual Competition to become the third winner since the competition was introduced in 2014. The winner Martha Kavala received a K20 million cheque at a presentation ceremony held in Machinga last Friday. NBS increased the prize money from K15 million in 2014 and […]
When I walked into the banking hall of National Bank – Mzuzu Service Centre – last week Friday, it was just a few minutes after lunch – around 12:16 after mid-day. I joined a troop of men and women and professionals and non-professionals all wanting to do this transaction and the other. Apparently, an uncle of mine […]
NBS Bank have said they are overwhelmed with the response they are getting for their M’godi Wanga Promotion which is presently running and whose grand prize is a brand new vehicle. The bank is running the promotion for farmers by encouraging them to save their money in fixed deposit accounts with minimum being K20 000. Mzuzu Branch […]
NBS Bank on Friday handed over a whooping K15 million (USD26,000) to a Lilongwe based business lady, Jessie Kachala, for emerging a winner in a promotion dubbed Nyumba Yanga. The mechanism of the promotion was that NBS was asking customers to deposit K20,000,(USD35) and leave it for thirty days without touching it. Another mechanism was that the […]
A small scale entrepreneur in Rumphi District, Northern Malawi, has started the year 2014 with a stroke of luck after emerging the winner of a grand prize in the NBS Bank win a house promotion. Trawinner Mtegha, a mandasi business lady from Chinyolo area in the district, is now a proud owner of a K15 […]
Malawi’s third largest bank, NBS Bank has said it registered a net profit jump of K514 million during the six months review period ended June 30, 2013, up from K63.7 million which it registered during same time last year. This represents a 703% profit jump by the bank whose total assets amount to K62.8 billion. In its […]
The blossoming golfer Levison Kapito on Saturday defended the NBS Bank Monthly Mug which he snatched in April at Country Club Limbe (CCL). A young brother to the late prominent professional golfer and trainer Gilliam Kapito and being son to a retired caddie master who worked at the CCL for about 27 years, the 31-year-old […]
The NBS Bank will have a new Chief Executive Officer from January 1, 2013 to replace John Biswick who was hired by the MRA as their CEO this year. The new CEO is Bernadette Mandoloma . She will be the only woman to head a bank. “She brings to this position a wealth of experience […]
NBS bank Acting Chief Financial Controller Dumisani Chatima was caught giving her late brother’s daughter (niece) some lessons, but there were not lessons a parent would give to a daughter because he had his pants down so too the girl. Chatima was caught red handed by his dear wife, romping his niece, Khumbo in her […]