NBM Development Bank Limited, a subsidiary of National Bank of Malawi (NBM) plc, says its recognition by the Malawi Investment and Trade Centre (MITC) for the Malawi Exporters Award in the Best Financial Services category confirms its commitment in ensuring growth of the country’s SME sector and economy.

NBM Development Bank Limited was recognised alongside other companies during the opening session of the 34th Malawi International Trade Fair.

According to NBM Development Bank General Manager, Bernard Masi, the bank provides debt and equity capital to small and medium enterprises (SMEs) within key target sectors and has served a lot of Malawian SMEs who have now grown their business and contributed to the economic development of the country in various ways.

“NBM Development Bank Limited is the development finance institution licenced by the Reserve Bank of Malawi (RBM) to serve the SME sector. It is one of the few institutions in Malawi which provides funding to business start-ups. NBM Development Bank Limited prides itself as the ‘game changer’ in SME finance in Malawi and has been operational since 2019.

“With this award, we are greatly encouraged to do more to revolutionise the SME landscape in Malawi and we are very pleased to have achieved this milestone after only operating for four years,” he said

Source: https://times.mw/award-excites-nbm-development-bank/