Listed National Bank of Malawi (NBM) plc has announced an increase in their profit after-tax for year ending 31 December 2022 to K45.94 billion from K34.21 billion in the previous year representing a 34% increase.

A financial statement released by the Bank signed by NBM plc Board Chairman Jimmy Lipunga, Board Director Dorothy Ngwira, Chief Executive Officer Macfussy Kawawa and Chief Finance Officer Masauko Katsala said the results were driven by growth in customer deposits.

National Bank of Malawi (NBM) plc has launched a new three-month promotion where customers utilising the cardless service stand to win different prizes with the grand winner going home with K1.5 million cash.

Speaking during the launch of the promotion dubbed ‘Mo Cardless’, NBM Plc mobile and e-money services manager, Enala Chirwa said the aim is to ease the lives of customers and provide seamless experience.

NBM Chief Executive Officer (left) Macfussy Kawawa handing over a dummy cheque for the donation

Deeply touched by the dark-cloud tragedy that has befallen the country with hundreds dead, thousands displaced and many more still missing, the bank of the nation, National Bank of Malawi (NBM) plc has donated a total of K135 million to help in relief items for survivors of Cyclone Freddy which has claimed lives of more than 200 people and displaced thousands of families in the southern region of the country.

Speaking in Blantyre Thursday when the Malawi Stock Exchange (MSE) listed bank presented the donation through international humanitarian organization Malawi Red Cross Society, NBM plc Chief Executive Officer Macfussy Kawawa described the Cyclone Freddy situation as ‘heartbreaking’.

NBM Accounts Relationship Manager Mwayi Kalulu engages women during the Tea PartyNational Bank of Malawi (NBM) Plc’s ‘Amayi Angathe’ loan, a facility specifically designed to support women entrepreneurs, has benefited more than 2880 business women since its inception in 2019.

The bank’s business development manager, Wyson Kayira disclosed this in his presentation at the celebration of International Women’s Day in Blantyre last week.

The MDF Commander, General Vincent Nundwe receiving the symbolic equipment from the NBM plc CEO, Macfussy Kawawa.

National Bank of Malawi (NBM) plc has handed over state-of-the-art surgical equipment worth K130 million to Malawi Defense Force (MDF) for its newly-constructed operating theatre at Kamuzu Barracks Camp Hospital in Lilongwe.

The two institutions signed a memorandum of understanding in April last year for the bank to provide the equipment.

NBM plc Chief Executive Officer (CEO) McFussy Kawawa said the bank believes in creating social impact through sustainable Corporate Social Investment (CSI).

“The Malawi Defense Force plays a critical role in ensuring the safety and security of our nation and its people. We are aware that, through the Camp Hospital, the military is not only looking after its own but also serving the surrounding communities.”

“We are confident that this donation will help improve the health outcomes of those who use the hospital and we are honoured to be a part of this meaningful initiative. Let me assure you all that this donation is a testament to the National Bank's commitment to supporting the health and well-being of all citizens in our country,” he said.

After a three-year Mo626 College Basketball sponsorship, National Bank of Malawi (NBM) Plc can now afford a smile as the sponsorship  has contributed 11 players into the Malawi National Basketball team.

Basketball Association of Malawi (Basmal) released a 20-member squad to travel to Zimbabwe for FIBA Zone Vi AfroCAN qualifiers between February 20 to 28, 2023.

The 11 are forwards Brian Nyirenda, Manelo Munthali , Francis Mpakeni, Mike Kalanga, Harris Mbenjere, and Steve Mpare.

NBM Plc Marketing and Corporate Affairs Manager, Akossa Hiwa (middle) handing over a symbolic cheque to Beit Cure

Bank of the nation, National Bank of Malawi, (NBM) in fulfilment of its corporate social responsibility, has dug deep into their pocket and has given Beit Cure Hospital K4.750 million to support its ‘Night of Shine’ glamour and glitz themed gala event set for February 10, 2023.

During the gala night, people with special needs are given a red carpet and gifts apart from being dressed and referred to as ‘Kings and Queens’.

NBM always strive to thrive in assisting those less fortunate members of the communities, in the areas of among others, health and education, within which they operate and Beit Cure aptly fits into the the country’s leading home-grown bank’s bill.

Head Internal Audit, Daniel Jere (R) presenting the dummy cheque to the ICAM Acting CEO, Mr Charles Chimpeni.National Bank of Malawi (NBM) plc has supported three professional groups set to have their lake conferences this month and October with a total of K7 million.

The listed commercial bank made symbolic cheques presentations on Friday to Institute of Chartered Accountants in Malawi (ICAM) which was given K3 million, while Financial Dealers Association of Malawi (FIMDA) and Institute of Marketing Malawi (IMM) were supported with K2 million each.

Presenting a cheque to ICAM, NBM plc Head of Internal Audit Daniel Jere said they partner the institution every year because of the symbiotic relationship that exists between them.