To be the most successful financial institution in Malawi with a
visible presence in Southern Africa.

Mission Statement

To provide the best financial services in Malawi and the region, distinguished by outstanding service, product innovation and sustained earnings growth.

Subsidiaries and Associates

Subsidiaries/Associates Company
Percentage of Control
Nature of Operations
NBM Capital Markets Limited
Investment Management
NBM Securities Limited
NBM Nominees Limited
Holding of Investments As Nominee
StockBrokers Malawi Limited
Registered Stockbroker
United General Insurance Ltd

NBM Capital Markets Limited


NBM Capital is a wholly – owned investment management subsidiary of National Bank of Malawi. It is regulated and supervised by the Reserve Bank of Malawi. The company offers the following services as an Investment / Portfolio Manager:

    • Fund Management
    • Cash and Wealth Management
    • Corporate Finance and Financial Advisory
    • Trustees Training
    • Shares Trading Brokerage

Stockbrokers Malawi Limited

Shares for companies that are listed on the Malawi Stock Exchange (MSE) are available for trading by the members of the public. In order for one to buy or sell those shares, one goes through stock broking firms registered by the MSE. The Malawi Stock Exchange, and the registered brokers are all based in Blantyre. It therefore becomes difficult for persons outside Blantyre to access the stock market as they have to rely on either the National Post Office or courier services to send their share certificates or indeed travel all the way.


United General Insurance Company Limited

United General Insurance Company (UGI) is one of the Malawi's leading short term insurance companies and has been operating in Malawi for over thirty years. The company's Head Office is in Blantyre and has two branches in Lilongwe and Mzuzu with a staff complement of 40. Day to day business operations are managed through four Strategic Business Units three of which are in Blantyre and one in Lilongwe. Each unit is responsible for its own underwriting, claims servicing and credit control.

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