National Bank of Malawi celebrates environment and social sustainability milestone on 24th July, 2014 in Lilongwe,.

National Bank of Malawi (NBM) was recognised for its efforts to integrate sustainability and strengthen environmental and social risk management within its core business activities.

The recognition was manifested by way of interest rate reduction on the loan facilities that National Bank of Malawi accesses from FMO, a Dutch entrepreneurial and development bank. National Bank of Malawi, the largest commercial bank in Malawi, went into partnership with FMO in 2011 to access lines of credit for onward lending to Malawian exporters in US dollars and committed itself to take a leading position in Malawi’s financial sector on Environmental and Social (E&S) risk management. This includes identifying and working to address underlying E&S risks in its loan portfolio including child labour and raising awareness of these issues amongst its stakeholders, including clients and employees alike.

National Bank of Malawi is the first African bank client of FMO to have been granted a margin reduction for implementing and committing to further improve environmental and social risk management systems. This is a good example of cooperation between the two institutions. FMO served as a value-add co-financier, to the National Bank of Malawi. This highly auspicious occasion was marked by a gathering which saw the leadership of National Bank of Malawi and FMO get together in Lilongwe, the Capital City of the republic of Malawi, to celebrate the partnership and NBM’s achievement. About FMO FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes that a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.6 billion, FMO is one of the largest European bilateral private sectorNational Bank of Malawi is the first African bank client of FMO to have been granted a margin reduction for implementing and committing to further improve environmental and social risk management systems. This is a good example of cooperation between the two institutions. FMO served as a value-add co-financier, to the National Bank of Malawi. This highly auspicious occasion was marked by a gathering which saw the leadership of National Bank of Malawi and FMO get together in Lilongwe, the Capital City of the republic of Malawi, to celebrate the partnership and NBM’s achievement. About FMO FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes that a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.6 billion, FMO is one of the largest European bilateral private sector National Bank of Malawi is the first African bank client of FMO to have been granted a margin reduction for implementing and committing to further improve environmental and social risk management systems. This is a good example of cooperation between the two institutions. FMO served as a value-add co-financier, to the National Bank of Malawi. This highly auspicious occasion was marked by a gathering which saw the leadership of National Bank of Malawi and FMO get together in Lilongwe, the Capital City of the republic of Malawi, to celebrate the partnership and NBM’s achievement.

About FMO

FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes that a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.6 billion, FMO is one of the largest European bilateral private sector development banks.