Mulele (Right) hands over the cheque to Ngunde

National Bank of Malawi (NBM) Plc has given K3 million to the Malawi Law Society (MLS) for their annual general meeting (AGM) in March this year.

Speaking during a symbolic cheque presentation at NBM Head office in Blantyre on Wednesday, the Bank’s Senior Legal Manager Mercy Mulele said NBM plc has been impressed with the Law Society’s work of upholding the rule of law.

“As a Bank, we need to have good microeconomic factors as we operate, and that is highly affected by the political environment that we are in. So, we are hoping that when the political environment is conducive, we are going to strive.”

Continue Reading

Hiwa speaks at the draw

National Bank of Malawi (NBM) plc has splashed various prizes to winners of the first monthly draw of the “Popanda Chifukwa” Promotion, which the Bank is running from December last year to April this year.

The Bank conducted the first draw in Lilongwe on Saturday afternoon, which saw 73 customers and five merchants cart home cash prizes for transacting using NBM’s debit cards, Mo626 Pay, and Point-of-Sale (POS) machines.

NBM Marketing and Corporate Affairs Manager, Akossa Hiwa, said in an interview after the draw that the promotion has seen a surge in digital banking on their platforms.

Jiya- NBM CEO designate

National Bank of Malawi (NBM) Plc has appointed Harold Nester Jiya as Chief Executive Officer (CEO) designate effective from the beginning of this year.

His elevation from the deputy CEO position follows the impending retirement of the current CEO MacFussy Kawawa in June this year.

NBM Board Chairperson Jimmy Lipunga has confirmed Jiya’s appointment through a statement where he has described it as a significant step in the Bank’s succession planning process.

It is my pleasure to share with you that after careful consideration, the NBM plc Board of Directors has appointed Mr. Harold Nester Jiya as the CEO Designate of NBM plc, effective from the beginning of the year 2024.

The appointment of Mr Jiya is accordingly, a significant step in the Bank’s succession planning process triggered by the imminent departure of the current Chief Executive Officer Mr Macfussy Kawawa, who is due to retire in June 2024. The CEO Designate will continue to understudy and work hand in hand with current CEO until the latter retires.

Mo626 College Basketball Brand Ambassador Hayze Engola (middle) pose with Luanar students at the Basketball Court undergoing renovations

Lilongwe University of Agriculture and Natural Resources (Luanar) students have hailed National Bank of Malawi (NBM) plc for renovating a Basketball Court at the Bunda Campus saying it will motivate a lot of students to take up the sport.

Director of Students Affairs at Luanar, Ronnie Mvula spoke when NBM plc officials toured the facility to appreciate progress on the renovations of the Basketball court.

Akossa Hiwa-NBM plc Marketing and Corporate Affairs Manager

National Bank of Malawi (NBM) plc’s has set social media ablaze as customers express their excitement over the annual interest credited in their savings accounts.

On Saturday, the Bank credited interests in their customer’s accounts for the year 2023 with varying amounts, which has been described as Christmas and New Year gifts by many.

Commenting on some posts made randomly on social media platforms like Facebook and Twitter, the customers challenged other Banks in the country to emulate what NBM Pls has been doing.

In terms of the Listing Requirements of the Malawi Stock Exchange, a listed company is required to publish a Trading Statement as soon as there is a reasonable degree of certainty that the financial statements for the period to be reported upon will differ by at least 20% from that of the previous corresponding period.

National Bank of Malawi Plc accordingly advises that its profit after tax for the year ending 31st December 2023 is expected to be within the range of K64.4 billion and K71.2 billion. This represents an increase of between 40% and 55% from previous corresponding period ending 31st December 2022 where the Company reported a profit after tax of K45.9 billion.

The information on which the above Trading Statement is based has not been reviewed and reported on by our external auditors. The summary of consolidated and separate financial statements of the Bank for the year ending 31st December 2023 are expected to be published within the required period.

By Order of the Board Dated this 22nd day of December 2023.

ZUNZO E. MITOLE
COMPANY SECRETARY