National Bank Towers and Business complex captured at night

Listed National Bank of Malawi (NBM) plc has registered a group after tax profit of K12.8billion up from K9.1 billion recorded during the first half of the previous year, representing an increase of 41%.  

Announcing the unaudited interim results for the Bank for the six months period ended 30^th June 2021, NBM plc said in a statement signed by its Board Chairman George Partridge, Chief Executive Officer Macfussy Kawawa, Board Director Dorothy Ngwira and Chief Finance Officer Masauko Katsala that the results incorporate for the first time the performance of recently acquired foreign bank, Akiba Commercial Bank (ACB)

“The results incorporate for the first time the performance of Akiba, the recently acquired subsidiary in Tanzania which conducted a clean-up of the loan book that resulted in a loss of K1.5 billion,” reads the statement in part.

Chomanda (L) receives a dummy cheque from Chijere

National Bank of Malawi (NBM) has rewarded villages banks upon conclusion of a three-month Agulu Lathu Promotion. Speaking in Lilongwe on Thursday, NBM business development manager Chimwemwe Chijere said the promotion was a success.

“These village banks while protecting their money had an opportunity to access loans which they used either as individuals or as a group and be able to generate more revenue in their respective businesses,” he said.

NBM plc Marketing and Corporate Affairs Manager, Akossa Hiwa

Listed National Bank of Malawi (NBM) plc has introduced an initiative called ‘Know your Tariff Thursday’ where every Thursday the bank shares a snippet of its tariff charges to keep the public informed of various charges it charges on its products and services.

NBM plc Marketing and Corporate Affairs Manager Akossa Hiwa said in an interview yesterday that they realized that some customers do not take time out to read the full sheet of charges which they publish normally in national newspapers and later complain of the charges that were initially communicated to them.

Kasunda: We want to encourage village banks to grow

National Bank of Malawi (NBM) plc has concluded its Agulu Lathu Promotion, which was aimed at assisting informal groups to access various financial services and products through Kasupe Finance.

During the final draw held in Blantyre on Monday, Amazing Grace Village Bank won the grand prize of K3 million. The group and Tingathe Village Bank also won K1 million each in monthly prizes.

Speaking after the  final draw, NBM head of retail banking Oswin Kasunda said since the launch of Kasupe Finance, there were a lot of misunderstandings from the public.

Seyani: We compliment government’s effort

Appreciating the challenges facing the agri–business sector, especially small-scale farmers’ lack of access to funding for investment in agricultural equipment and other farm implements, the Farm Infrastructure and Implements Facility presents itself as a solution.

The farm infrastructure and implements facility is a new product from National Bank of Malawi (NBM) plc whose other objective, according to the bank’s Account Relationship Manager, Mavuto Seyani, is to lure salaried employees who have sizeable chunks of land in the country but mostly remains idle and undeveloped, to venture into commercial farming.

William Kaunda NBM plc Head of Digital Banking Services

National Bank of Malawi (NBM) plc has partnered Malawi Housing Corporation (MHC) to collect payments from its clients on the bank’s digital platforms.

NBM plc Head of Digital Financial Services, William Kaunda, said in an interview yesterday that apart from collecting different payments over the counter, the bank will also be collecting the payments on its digital platforms starting with its Mo626ice mobile banking platform before adding the internet banking platform Banknet360 and Mo626 Digital+.

“We want to make it easy for customers of both institutions to make payments using our digital channels so that we decongest our banking halls and also considering that we are still in the Covid-19 pandemic, it will be safer for people to make these payments using these digital channels,” said Kaunda.

Mijiga-Molly will instantly respond to issues

National Bank of Malawi (NBM) plc has automated its WhatsApp platform into an artificial intelligent robot (Chatbot) called ‘Molly’ as one way of enhancing customer experience.

NBM plc Head of Client Coverage Wilkins Mijiga said Molly will essentially replace the Bank’s current WhatsApp platform on number +265212831485.

“Molly will instantly respond to issues raised on WhatsApp, analyze and automatically resolve issues and also automatically escalate issues to other units within the Bank if they require other such intervention,” said Mijiga of the innovation.

Jere (right) presents the cheque to Banda

Listed National Bank of Malawi (NBM) plc has sponsored K1.5 million towards this year’s annual lake conference for the Institute of Internal Auditors Malawi (IIAM) scheduled for 26-29 August 2021 in Mangochi.

The symbolic cheque presentation was conducted last week at NBM Towers and Business Complex in Blantyre.

Presenting the cheque, NBM plc Head of Internal Audit Daniel Jere said the bank decided to support the conference because it recognizes the important role internal auditors play in the country.