National Bank of Malawi (NBM) plc has given K5 million to Blantyre Sports Club to support the renovation of the hall at the facility.

Speaking during the cheque handover ceremony on Wednesday, NBM Marketing and Corporate Affairs Manager, Akossa Hiwa said the Bank recognizes the importance of sports clubs in the society and it is committed to supporting their growth and development.

National Bank of Malawi (NBM) Plc has registered an increase in the half year profit after tax ending June 30, 2023 to K35.48 billion from K22.12 billion reported in the same period last year, which represents 60 percent growth.

According to the financial statement released by the Bank, signed by Board Chairperson, Jimmy Lipunga, Chief Executive Officer (CEO) McFussy Kawawa, Chief Financial Officer (CFO) Masauko Katsala, and Board Director Dorothy Ngwira the results were driven by growth in both net interest income and other income which grew by 25 percent and 87 percent respectively.

Malawi Stock Exchange-listed National Bank of Malawi (NBM) plc has reaffirmed its commitment to contributing towards the national financial inclusion agenda.

The bank has since launched a new social media campaign called ‘Two Truths and One Myth’ aimed at educating the youth on finance.

The campaign comes a few days after the bank wound up its Independence Trivia through the same channel.

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.