Mitole- signed statement

Malawi Stock Exchange-listed National Bank of Malawi (NBM) plc has projected a profit surge of up to 37% for the financial year ending December 31, 2024, reinforcing its position as one of Malawi’s most consistent financial performers.

In its trading statement issued in compliance with Malawi Stock Exchange requirements, NBM plc anticipates a consolidated profit after tax ranging between K92.97 billion and K98.25 billion, compared to the K71.96 billion reported in 2023. This represents a significant growth of 29% to 37%.

National Bank of Malawi (NBM) plc has proposed introduction of technical lessons in the country’s school curriculum from early classes to enable the country have a good technical base and technical-minded people who will drive the country’s development.

Head of Digital Financial Services at NBM plc, William Kaunda, made the suggestion on Thursday when he handed over the fourth Community Based Care Centre (CBCC) called Kapandajuba, which the Bank, in partnership with Yamba Malawi has constructed at Ekwendeni in Mzimba. 

National Bank of Malawi (NBM) plc has invested MK170 million towards early childhood development in the country through construction of four modern Community Based Childcare Centres (CBCC). 

The centres have been constructed in Mangochi, Lilongwe, and Mzimba in partnership with Yamba Malawi.

Hiwa- Fostering goodwill during festive season

National Bank of Malawi (NBM) plc has almost doubled this year’s ‘12 Days of Christmas initiative’ package to K130 million from K70 million last year.

This will be the fourth consecutive year the ‘Bank of the Nation’ has been running this initiative which involves its 11 selected service centres across the country donating various food and non-food items to their preferred beneficiaries.

Jiya (2nd right) handing over the cheque to Msefula (2nd left) flanked by Katundu (right) and Manyetera (left)

National Bank of Malawi (NBM) plc and Press Trust have partnered to invest K280 million for electrification and drilling of solar powered boreholes in rural schools and health facilities in the country.

NBM plc Chief Executive Officer (CEO) Harold Jiya and Press Trust trustee Symon Msefula signed a memorandum of understanding (MoU) on Thursday in Lilongwe witnessed by Principal Secretary in the Ministry of Education, Mangani Katundu, and his colleague responsible for Administration in the Ministry of Health, James Manyetera.

National Bank of Malawi (NBM) plc has re-launched the NBM Scholarships and Best Performing Students Awards for tertiary students, pumping in K270 million.

The program, which was launched at the University of Malawi (UNIMA) on Friday, builds on the Bank’s longstanding commitment to education in Malawi, which spans over three decades.

National Bank of Malawi (NBM) plc has awarded 12 Information Communication Technology (ICT) innovators in the ICT Association of Malawi (ICTAM) Innovation Jam competition in Mangochi.

The awards, presented at the ICTAM annual lake conference over the weekend, saw Goodwill Salima of GS Smart Greenhouse shine as he scooped two awards, one in the Agri-Tech category and was also crowned as the best innovator.

Malawi Parliament will move to Dedza Stadium

One of Africa’s leading commercial bankers, the bank of the nation, National Bank of Malawi(NBM) has donated K5 million to the inaugural Parliamentary Service Week, which started Monday and will run until this Friday.

Presenting a five million kwacha dummy cheque symbolising the donation on Tuesday at Parliament Building in Malawi’s capital, Lilongwe, NBM Lilongwe Service Centre Manager, Maureen Gwembere expressed the bank’s undying commitment in supporting the communities the bank serve through the donation.