Profile
National Bank of Malawi plc (NBM plc) was established in 1971 as the result of a merger of Barclays Bank DCO (Dominion Colonial Overseas) and Standard Bank, which had its origins in the Republic of South Africa. The merger of the two banks brought together complementary operations to provide a countrywide spread of financial products and services.
The Bank was listed on the Malawi Stock Exchange on 21st August 2000 with an over-subscription of 3.4 times. It remains one of the most liquid stocks and a key, vibrant player on the stock exchange, experiencing a 248% growth in share price in 2025 alone. NBM plc is the leading bank by assets and profitability in Malawi, delivering a record Profit After Tax of K197,970 million and growing its total asset base to K2,494,799 million as of December 2025. The Bank's mission is to provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.
Shareholding Structure
The Bank's shareholding structure is distributed as follows:
| Shareholder | Shareholding (%) |
|---|---|
| Press Corporation plc | 51.5% |
| Members of the Public | 28.2% |
| Old Mutual Group | 20.3% |
| Total | 100% |
Network and Digital Reach
National Bank of Malawi plc maintains a dominant physical and digital footprint across the nation to facilitate a seamless transition toward a digital economy, comprising:
- 46 Service Centres
- 161 Automated Teller Machines (ATMs), providing customers with 24/7 account access
- 1,953 Point of Sale (POS) devices deployed across merchants, hotels, and essential service providers
- 7,215 Fast Serve agents bolstering financial inclusion across communities
The Bank's Moneycard ATMs accept international network payments via VISA and Mastercard. NBM plc continues to prioritize its digital evolution through localized digital platforms, featuring enhanced mobile banking, mobile wallets, internet banking platforms, and concrete plans to establish a full-fledged digital bank.
Subsidiary Portfolio
In addition to its core operations, NBM plc has diversified its operating ecosystem through strategic investments across six active subsidiaries to offer comprehensive investment, protection, and regional commercial banking options:
| Subsidiary Company | NBM plc Ownership (%) |
|---|---|
| NBM Development Bank Limited | 100% |
| NBM Capital Markets Limited | 100% |
| NBM Pension Administration Limited | 100% |
| Stockbrokers Malawi Limited | 75% |
| United General Insurance Company Limited | 55% |
| Akiba Commercial Bank (Tanzania) plc | 77.33% |
(Note: NBM Nominees Limited remains a wholly-owned subsidiary at 100%, and NBM Bureau de Change Limited is currently dormant at 100% ownership).
