Despite a difficult operating environment characterized by high interest and inflation rates which hampered borrowing and consumption, Standard Bank has announced sustaining its healthy profit record. In 2014, the bank recorded an increase in profit after tax to K12.289 billion, the bank’s annual report released at its Annual General Meeting for shareholders, shows. This high […]
In its quest to continue moving its customers forward Standard Bank has launched the deposit-taking Auto Teller Machine (ATM) services in Malawi. Standard Bank Head of Marketing Thokozani Unyolo said the launch of deposit-taking ATMs is in line with the bank’s continued improvements in digital banking capabilities in response to increasing customer preferences. “Provision of […]
In a drive to increase awareness of best market issuance practices and equity markets, Standard Bank in partnership with Nico Asset Managers, Savjani and Malawi Stock Exchange is today hosting a symposium on bond Capital Markets in Malawi. Standard Bank Head of Investment Banking Shakil Sattar said the objective of the Bond Symposium is to […]
Standard Bank will build a junior primary school at Che Januare Village in Chiradzulu in honour of the contributions of the banks former chairman Alex Chitsime. The infrastructure is worth K33 million and comprises two classroom blocks. During his decade-long tenure as chairman, Chitsime took Standard Bank to the top of the market in terms […]
Standard Bank Group has revealed in its most recent release that higher interest rates and tough economic conditions in Malawi are affecting its operations in that small south-eastern African country, especially desire to offer loans to customers. “Tough economic conditions and concerns on the high interest rates continue to impact the group’s appetite to lending; this has in […]
Standard Bank Limited has offered Sports Writers Association of Malawi (Swam) a last minute bail out by sponsoring air ticket to the tune of K688,990.00 to enable Swam’s vice president Leonard Sharra fly out to Paris, France to attend International Sports Press Association (AIPS) 78th Congress and 90th Anniversary Celebrations. The bank announced the sponsorship […]
Up to 400 customers of Standard Bank at the weekend received special treats of rose flowers and chocolates as the bank joined lovers around the world to celebrate Valentine’s Day. At 10 of the bank’s designated branches across the country, the unsuspecting customers were in for a pleasant surprise as bank staff, dressed up in […]
Donates K500,000 to Chonde Health Centre Standard Bank has launched its refurbished branch at Luchenza to provide a spacious and convenient banking atmosphere to customers. The branch acts as an anchor of the bank’s business with customers in Thyolo and Mulanje, the two Southern region districts which host tea, coffee, fruit and mountain tourism interests. […]
A week after Standard Bank donated K23 million worth of relief items to flood victims, Chief Executive Officer Andrew Mashanda has visited the thousands of the victims in their camps in Chikhwawa to further assess the situation. Speaking at Tizora II village camp where an estimated 1,400 flood victims are being pitched, a visibly shocked […]
Standard Bank Malawi will intensify provision of digital and internet banking services as a part of its 2015 growth strategy, Chief Executive Officer Andrew Mashanda has said. Speaking at an interaction with journalists in Blantyre, Mashanda said the bank’s digital ambitions aim to add value to its current business offerings while enriching the customer’s experience. […]
Malawi’s Standard Bank has announced the postponement of the Joy of Jazz concert until 2015, due to scheduling commitments of artists in the planned line-up. The popular Standard Bank Joy of Jazz event is to be revitalized in its focus, staging and concept, promising Malawian music lovers an improved and unique experience. Explaining the decision, […]
Standard Bank of Malawi has donated K5 million Football Association of Malawi (FAM) as the national team gears up to face Ethiopia on Wednesday in Addis Ababa. Standard Bank Legal Director Etness Chanza said during a news conference that the bank was was obliged to assist the Flames so that it gets good results which will also […]
Nyasa Times has become the first online publication to win the Standard Knockout Football Cup online media award with its sports reporter Alex Mezalumo also scooping the award for best reporter for online during the Media Awards Ceremony on Thursday at Atmosphere Restaurant in Blantyre. Celebrated sports journalist Garry Chirwa retained the Standard Knockout Football […]
The stage is set for Standard Bank to unveil winners of the 2014 Knock-Out Cup Media on Thursday during a presentation ceremony scheduled for Atmosphere Restaurant in Blantyre. Standard Bank Chief Financial Officer Temwani Simwaka said the prize presentation ceremony follows a thorough screening of the submissions by a four-member independent judging panel. “In the […]
Following a fire which affected Lilongwe Branch on the evening of October 4, Standard Bank announced it is open for business as usual from Monday. “The fire was put out and the situation is under control. The branch will proceed to open for business on Monday, October 6, 2014 as normally,” Standard Bank chief executive Andrew Mashanda […]
A fire ripped through the Standard Bank in Malawi’s Capital City Lilongwe on Saturday. Although the cause of the fire could not be readily ascertained, the bank building was badly affected by the inferno. According to the eyewitness, the fire started around 5pm when the bank was closed. The fire caught the top side of the […]
Standard Bank has donated K8 million to Nkhoma University, one of the country’s newest institutions of higher learning. Speaking during the cheque presentation ceremony at Standard Bank head office in Lilongwe, the visiting Personal and Business Bank Chief Executive Officer for Africa Zweli Manyathi described education as backbone for socio-economic development. “Education is a form […]
Standard Bank Africa’s Chief Executive Officer responsible for Personal and Business Banking (P&BB) Zweli Manyathi is on a two-day visit of the Malawi operation. During the visit Manyathi is discussing the Malawi business with the local team led by CEO Andrew Mashanda. On Tuesday, Manyathi will announce a significant Corporate Social Responsibility (CSR) contribution the […]