mission-vision

 Vision

 To be the most successful financial  institution in Malawi with a
 visible presence in Southern Africa.

Mission Statement

To provide the best financial services in Malawi and the region, distinguished by outstanding service, product innovation and sustained earnings growth.

Asset Finance And Letters of Credit

No. Item CHARGE  2015
17 Asset Finance
Arrangement fee (vehicle finance) 1%
Dishonoured cheque K30,000
Unpaid standing order K30,000
Stop payment K30,000
Rescheduling of payment date K26,150
Certificate of Balance K12,450per certification
18 Letters of Credit
Outward Commission on establishment

1% Min. K19,800 for L/Cs without cash upfront.

0.75% for each 3 months or part, thereoff, Min. K16,150 for L/C's with cash upfront

Accepted Draft 0.5% per month Min K15,150
Amendment K19,850 flat
Swift on Establishment K22,700 flat
Swift on Amendment of L/C K15,750
Extension of period or increase 1% per month or part thereof, Min. K19,900 for L/Cs without cash upfront
0.75% for each 3 months or part thereof, Min K15,900 for L/C's with cash upfront
Drawing 1% Min K12,500, Max K27,350
Cancellation Fee K25,200 flat
Inward Confirmation 1% per month, Min. K20,200
Advising/Amendment K17,350
Acceptance Negotiation 1% Min. K17,000 flat
Swift K17,350flat
Courier Courier rate inclusive  of  VAT  plus 29%
Accepted Drafts K13,900 per item
Cancellation Fee K15,750
Discrepant Document K10,100

 

.