The Malawi Stock Exchange on Monday listed new shares for NBS Bank that were brought on the market under a share rights issues. The bank belongs to Nico Holdings Limited but they had to bring in strategic partners, International Finance Corporation a member of theWorld Bank group. As it is, Nico Holdings now has 50.1 […]
NBS Bank Limited will be open for business on Sunday, as competition for customers hots up. A Chichiri Shopping Mall Branch in commercial capital, Blantyre was the first in Malawi to open on a Sunday this week. Shoppers piling out of Shoprite were greeted by an unusual sight: a NBS bank open for business on […]
A lady banker in mountainous southern district of Mulanje working for NBS swindled the bank to save her secret love from being jailed, it has been reported. Friday’s sensational tabloid, Weekend Times reported that there was commotion at Mulanje Police station recently when the lady banker’s husband, who lives in Blantrye ,came at the station […]
By Nyasa Times Reporter NBS Bank, Malawi’s third largest bank, will get up to $10 million investment in equity from International Finance Corporation (IFC) Capitalization Fund and Africa Capitalization Fund in terms of loans and deposits, to support its capital base and help it increase lending to small and medium enterprises, including those in the […]