Kawawa-We will carry on with this partnership

National Bank of Malawi Plc says there is notable growth in terms of membership of village banks that are opening accounts and seeking financing with the Bank disclosing that so far K10.7 billion has been disbursed to Kasupe customers.

Speaking during an interaction with the village banks through Kasupe Finance partnership on Thursday in Blantyre, the Bank’s Chief Executive Officer Mcfussy Kawawa said the Bank is making a significant contribution to the financial inclusion agenda by disbursing loans through village banks.

NBM Marketing and Corporate Affairs Manager, Akossa Hiwa

National Bank of Malawi (NBM) has concluded the month-long ‘Greatness at 59 Trivia contest’ with 20 people winning K100, 000 each.

The Bank organized the contest to celebrate the nation’s independence, while also promoting NBM’s ‘Feel The Greatness’ music video.

The trivia contest which was hosted on the Bank’s Facebook page, required participants to answer a series of questions related to the ‘Feel the Greatness’ song video (posted on the Bank’s YouTube channel).

MTUWA—People requested for it

National Bank of Malawi (NBM) has introduced what it calls Diaspora Account to accord customers outside the country an opportunity to save or invest their money in the country with convenience.

The account is expected to be housing funds for people that want to keep money in US Dollars, South African Rand, British Pound and Euro.

NBM Service Centre Manager for Henderson Street Tamara Mtuwa Wednesday told journalists the move was in response to requests from diaspora customers.

National Bank of Malawi (NBM) Plc has given K5 million to the Institute of Chartered Accountants in Malawi (ICAM) and K3 million to Institute of Internal Auditors Malawi (IIA) for their annual conferences in September this year.

Speaking during the symbolic cheque presentation to ICAM on Friday, NBM’s Financial Accountant Mavuto Goodson Jimu said the Bank realizes the benefits that come from such conferences as they will also have a chance to present products to the delegates.

Lipunga (middle) addressing shareholders National Bank of Malawi (NBM) Plc has expressed optimism on turn-around investment for its subsidiaries, Akiba Commercial Bank in Tanzania and United General Insurance Company Limited (UGI) in 2023.

NBM holds 47 percent of UGI’s share capital, and also acquired 60.48 percent shareholding in Akiba Bank in 2021.

However, during NBM’s 2023 Annual General Meeting (AGM) in Blantyre on Thursday, board chairperson Jimmy Lipunga announced an increase in profit-after-tax for the year 2022 of K45.9 billion from K34 billion representing a 34% increase, with the two subsidiaries registering losses.

Tepelunde unveils winners

National Bank of Malawi (NBM) Plc says it has made tremendous strides in the usage of cardless features on all digital platforms from March this year when the bank launched the ‘Mo cardless Withdrawal Promotion’.

NBM Card Services Manager Stewart Tepelunde, spoke during the final promotion draw at the Bank’s head office in Blantyre on Wednesday that the promotion has increased usage of the cardless feature on all digital platforms with numbers of used tokens up by 34 percent, and the number of tokens generated growing by 80 percent.

Blantyre Police Officer-in-Charge, Deputy Commissioner of Police Obrey Nyirenda (centre) receiving the symbiotic donation

National Bank of Malawi (NBM) Plc has donated five security cameras worth K8.1 million to Blantyre Police as they plan to enhance security in the city.

Earlier this year, Blantyre Police launched an initiative to install surveillance cameras in Blantyre City.

Speaking during the handover ceremony at the bank’s head office in Blantyre on Wednesday, NBM Chief Financial Officer, Masauko Katsala said the Bank is geared to collaborate more with the Malawi Police Service (MPS) to help them carry out their duties effectively.

National Bank of Malawi (NBM) Plc has extended its Know-Your-Customer (KYC) exercise to August 31 to give customers more time to update their information.

NBM started the exercise mid-June and was scheduled to end on Monday, July 10, which caused panic among customers resulting in congestion in banking halls in almost all the service centers, fearing their accounts could be blocked.