Stewart Tepelunde NBM plc Acquiring Manager

Listed National Bank of Malawi (NBM) plc has partnered with Mastercard to issue Multi-currency Cash Passport prepaid cards in Malawi, which give cardholders a safer and more convenient alternative to foreign currency notes when travelling.

The Multi-currency Cash Passport card can be loaded before departure with US dollars, Euros or both currencies. The cardholder can then use the card globally to pay for goods and services at millions of restaurants, hotels, shops, and online merchants where Mastercard is accepted. The card also gives instant access to cash from ATMs that display the Mastercard Acceptance Mark.

William Kaunda Head of Digital Finance Services

National Bank of Malawi has launched a new e-commerce product called ‘NBM Online Payment Gateway’.

William Kaunda Head of Digital Finance Services on Tuesday said the NBM Online Payment Gateway has been designed to complement the existing Point of Sale (POS) channel.

Kaunda explained the POS channel has one challenge; it mainly requires the physical presence of the cardholder.

Mr Macfussy Kawawa, NBM plc CEO (L) and Prof. Address Malata, Vice Chancellor for MUST (R) during the agreement signing ceremony.

Listed National Bank of Malawi (NBM) plc Friday, August 2021 committed MK60 million to the Malawi University of Science and Technology (MUST) Endowment Fund.

The University launched the Fund on 10^th July 2021 in Lilongwe as one way of weaning itself from dependency on government subvention and establishing diversified revenue streams for the University.

Speaking at MUST Campus in Thyolo, NBM plc Chief Executive Officer Macfussy Kawawa hailed the University management for coming up with an idea of an endowment fund.

Hiwa (right) presents the equipment to MAP Chairperson Tom Mwamadi (middle) as MAP General Manager Dzinkambani looks on

National Bank of Malawi (NBM) plc has supported the Kachere Rehabilitation Centre with equipment worth K4 million to aid patients in their rehabilitation journey.

Presenting the equipment which included treadmills and stationary bikes on Monday in Blantyre, NBM plc Marketing and Corporate Affairs Manager Akossa Hiwa said the bank recognizes the important role that Kachere Rehabilitation Centre plays in offering intensive rehabilitation services in the country hence the support.

National Bank Towers and Business complex captured at night

Listed National Bank of Malawi (NBM) plc has registered a group after tax profit of K12.8billion up from K9.1 billion recorded during the first half of the previous year, representing an increase of 41%.  

Announcing the unaudited interim results for the Bank for the six months period ended 30^th June 2021, NBM plc said in a statement signed by its Board Chairman George Partridge, Chief Executive Officer Macfussy Kawawa, Board Director Dorothy Ngwira and Chief Finance Officer Masauko Katsala that the results incorporate for the first time the performance of recently acquired foreign bank, Akiba Commercial Bank (ACB)

“The results incorporate for the first time the performance of Akiba, the recently acquired subsidiary in Tanzania which conducted a clean-up of the loan book that resulted in a loss of K1.5 billion,” reads the statement in part.

Chomanda (L) receives a dummy cheque from Chijere

National Bank of Malawi (NBM) has rewarded villages banks upon conclusion of a three-month Agulu Lathu Promotion. Speaking in Lilongwe on Thursday, NBM business development manager Chimwemwe Chijere said the promotion was a success.

“These village banks while protecting their money had an opportunity to access loans which they used either as individuals or as a group and be able to generate more revenue in their respective businesses,” he said.

NBM plc Marketing and Corporate Affairs Manager, Akossa Hiwa

Listed National Bank of Malawi (NBM) plc has introduced an initiative called ‘Know your Tariff Thursday’ where every Thursday the bank shares a snippet of its tariff charges to keep the public informed of various charges it charges on its products and services.

NBM plc Marketing and Corporate Affairs Manager Akossa Hiwa said in an interview yesterday that they realized that some customers do not take time out to read the full sheet of charges which they publish normally in national newspapers and later complain of the charges that were initially communicated to them.

Kasunda: We want to encourage village banks to grow

National Bank of Malawi (NBM) plc has concluded its Agulu Lathu Promotion, which was aimed at assisting informal groups to access various financial services and products through Kasupe Finance.

During the final draw held in Blantyre on Monday, Amazing Grace Village Bank won the grand prize of K3 million. The group and Tingathe Village Bank also won K1 million each in monthly prizes.

Speaking after the  final draw, NBM head of retail banking Oswin Kasunda said since the launch of Kasupe Finance, there were a lot of misunderstandings from the public.