Scottish government funding has helped in the training of 20 women in a business mentorship program that will enable them start and manage their small and medium enterprises (SMEs). The programme was made in partnership with First Merchant Bank (FMB) and the Opportunity Bank of Malawi. During a graduation ceremony at Crossroads Hotel in the […]
FMB, one of the country’s commercial banks listed on the Malawi Stock Exchange (MSE), has announced that it is taking over the Opportunity Bank of Malawi (OBM). Briefing reporters in Lilongwe, FMB chairman Hitesh Anadkat said the two banks have agreed the take over, saying the acquisition of OBM will increase his bank’s balance sheer by 15 […]
Opportunity Bank of Malawi (OBM) Friday engaged its central region mobile banking agents in an interface meeting which was designed to enhance the agents’ performance and service delivery skills. According to OBM’s Agent Banking Manager, Keenly Chagona, the bank organised the forum which was held in Lilongwe as part of its continued efforts to live […]
New Finance Bank (NFB) has disclosed that “negotiations for a proposed merger” Opportunity Bank Malawi (OBM) have been “aborted”. NFB Chairperson Francis Pelekamoyo, a former Reserve Bank of Malawi governor,said in a statement that members of the publich are “advised to be guided accordingly.” The two institutions entered into negotiations in a desperate attempt to […]
Two of Malawi’s smallest banks, New Finance Bank (NFB) and Opportunity Bank, will merge to meet the central bank’s capital requirements, the lenders said on Friday. Banks in the southern African nation are jostling with each other for market share and with telecommunications firms offering mobile money transfers, in a country where less than a fifth of […]
Despite the serious financial challenges being faced by Opportunity International Bank of Malawi (OIBM), the bank last week joined government and other well-wishers in aiding victims of floods that recently terrorised residents of Mtandire Township in Lilongwe. The bank donated 500 packets of beans and 50 bags of maize valued at K1 million to the […]
Opportunity Bank of Malawi is retrenching 250 employees, almost half of its 450 work force, Nyasa Times understands. Deputy CEO Bernard Mkandawire confirmed the job cuts. “We will downsize the staff but I cannot certainly confirm the numbers now,” he said. A meeting has been scheduled Thursday when the employees will be briefed on the […]
Opportunity Bank Malawi (OIBM) has launched a special financial service package, SME Banking, to cater specially for Malawi’s Small & Medium Enterprises (SMEs) in a drive to uplift upcoming business entrepreneurs. The special package, that was established in November, was officially launched on Thursday, 8th December 2016 at Malawi Sun Hotel’s Conference Centre in Blantyre. […]
Having been associated with macro business enterprises for a long time, Opportunity Bank Malawi (OBM) has taken a step further by introducing Small Medium Enterprise (SME) loans, which will see the bank’s customers getting up to K100 million loan facilities to expand their businesses. The new facility was officially launched last week at Bingu International […]
People in diaspora will now have a wider choice of transferring money, when remitting cash to their relations back home following the establishment of a business partnership between Opportunity Bank Malawi (OBM) and Mukuru International Transfers. Under the agreement, both customers and non-customers of OBM, popularly known as Banki Yanga will be able to receive […]
Opportunity Bank Malawi and Airtel Money have entered in a partnership which will link the services of the two, to enable their clients transact money between their bank and mobile money accounts. The integration will also facilitate for the transfer of money to another account within the bank, check for balance and production of mini […]
Opportunity Bank of Malawi (OBM) continues to close down its branches in Malawi as the economy continues to take a nose dive. The latest is Nsanje branch after Chitipa, Jeenda and Nkhata Bay last week. Inside sources say the branches are not making money that could meet operating costs. “People do not have enough money […]
A special gift awaits Opportunity International Bank of Malawi (OIBM), popularly known as Banki Yanga (My Bank) and its local clients on Valentines’ Day, February 14, 2015, when Opportunity International Germany (OI Germany) is expected to officially handover a fleet of 16 VW Amarok 4×4 vehicles donated to the bank for its microfinance projects aimed at […]
Staff from Opportunity Bank of Malawi (OBM) on Saturday, November 8, 2014 took time off their official business schedules to interact with orphans, guardians and management of Adziwa Orphanage located at Kauma in Lilongwe, where they also donated K400,000 worth of food stuffs. The donated items included 100 Blankets, 25 (50kg) bags of maize, two […]
It was all joy and excitement amongst residents of Mwanza last Friday (October 17, 2014) as Opportunity Bank of Malawi (OBM) commonly known referred to as Banki Yanga officially opened its new sales office in the border district. This was the second time within a space of a week for Opportunity Bank to expand its […]
Hardly a month after launching Agent Banking also known as Banki Mkhonde, Opportunity Bank Malawi (OBM) recently opened a new sales office in the eastern town of Balaka. The new office, according to OBM’s chief operating officer Wilson Moleni is expected to serve the rural and semi urban population in Balaka and surrounding areas. Speaking […]
Opportunity Bank of Malawi, popularly known as ‘Banki Yanga’ this week took yet another milestone in its quest to serve the financially excluded population when it launched Agency Banking at a colourful function held at Sunbird Capital on Wednesday (September 17, 2014) evening. Through the new initiative, known as Banki Mkhonde in vernacular, the bank’s customers will […]
A friend in need is a friend indeed! In less than 10 days after losing their valuable property to the fire that gutted Tsoka Market on July 30, 2014, vendors at the market had a pleasant surprise on Friday when Opportunity Bank Malawi (OBM) presented a K4.1 million compensation to vendors who got business loans from the […]