National Bank of Malawi plc was established in 1971 through the merger of Barclays Bank DCO (Dominion Colonial Overseas) and Standard Bank. The latter had its origins in the Republic of South Africa and had a wide presence across Africa. The merger brought together complementary operations, resulting in a nationwide distribution of assets and services.

Barclays Bank divested from Malawi in 1982, and Standard Bank, later known as Standard Chartered Bank, left Malawi in 1996, in alignment with the broader strategic plans of the parent bank abroad.

Today, National Bank of Malawi plc is the leading bank in Malawi, leveraging the experience and expertise gained from Barclays Bank and Standard Chartered Bank. It operates through a network of 32 service centers, as well as a widespread network of 135 ATMs and 812 FastServe Agents, providing convenient access to banking services for customers throughout Malawi.

With over 1000 employees, National Bank of Malawi plc holds the largest asset base among commercial banks in Malawi. It is also renowned for its efficiency and profitability. On August 21st, 2000, the bank was listed on the Malawi Stock Exchange, with an oversubscription of 3.4 times. Currently, it is one of the most liquid stocks and plays a key and vibrant role on the Exchange.

The Bank’s shareholding at December 2022 is as below:

  2022 2021
  % %
Press Corporation plc 51.5 51.5
Old Mutual Group 22.0 22.4
Members of the public 26.5 26.1
  100 100

National Bank of Malawi plc, in addition to its core operations, has diversified its business portfolio through strategic investments in various subsidiaries. These subsidiaries play a vital role in expanding the bank's reach and enhancing its service offerings. Below is a list of the subsidiaries owned by National Bank of Malawi plc, along with their respective ownership percentages:



Akiba Commercial Bank plc


Stockbrokers Malawi Ltd


United General Insurance Company Limited


NBM Capital Markets Limited


NBM Development Bank


NBM Pension Administration Limited




To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.