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 is currently one of the most liquid stocks and a key and vibrant player on the stock exchange. It is the biggest bank by assets and profitability with a mission to provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.
The Bank’s shareholding as at 13th June 2025 is:
| 2025 | |
| % | |
| Press Corporation plc | 51.49 |
| Old Mutual Group | 20.30 |
| Members of the public | 28.21 |
| 100 |
National Bank of Malawi plc is the leading bank in Malawi with a network of 49 Service Centres and over 140 Auto Teller Machines (ATMs), providing the Bank’s customers 24/7 access to their accounts. The National Bank of Malawi plc ATMs, branded Moneycard, also accept VISA and Mastercards.
In order to facilitate payment and to make Malawi a cashless society, the Bank has installed over 1,922 Point of Sale Devices (POS) in approximately 1,388 leading merchant shops, hotels, restaurants, hospitals and lodges. The Bank offers ease of use and convenience through its digital banking platforms - Mo626 Digital + mobile app and the BankNet 360 internet banking service. BankNet 360 is available for both Corporate and Personal customers.
National Bank of Malawi plc, in addition to its core operations, has diversified its business portfolio through strategic investments in various subsidiaries. These subsidiaries play a vital role in expanding the bank's reach and enhancing its service offerings. Below is a list of the subsidiaries owned by National Bank of Malawi plc, along with their respective ownership percentages:
|
Subsidiary |
Ownership |
|
60.48% |
|
|
75% |
|
|
57% |
|
|
100% |
|
|
100% |
|
|
NBM Pension Administration Limited |
100% |
