National Bank of Malawi (NBM) Plc has been rated the best Bank in Malawi and Central Africa by the France-Based Media Group, Africa Report.

The Media Group, which also publishes a monthly Magazine called ‘Jeune Afrique’, has ranked NBM Plc 20th among the 200 African Institutions which has South Africa’s Capitec Bank leading the list.

According to the methodology used in the ranking, which has been posted on their Africa Report Website, the ranking composed five criteria: profitability, liquidity, solvency, and size.

Hiwa (Right) handing over the cheque to Damson

National Bank of Malawi (NBM) Plc has contributed K2.5 million towards this year’s Wealth Woman Summit slated for Friday and Saturday in Lilongwe.

Speaking after presenting the Cheque to the Summit organisers on Wednesday, NBM Plc’s Marketing and Corporate Affairs Manager, Akossa Hiwa said the Bank considered partnering with Wealth Magazine as it commits to fostering female representation in leadership positions and providing equal opportunities for career growth.

“Critically, this summit, organized by Wealth Magazine, serves as a platform to champion the cause of diversity, challenge stereotypes, and create opportunities for women from diverse backgrounds to thrive.”

Ibrahim Chapeyama from NBM (right) handing over a prize to of the instant winners

National Bank of Malawi (NBM) plc over the weekend, continued to splash various prizes to 78 customers in the ‘Popanda Chifukwa POS/MoPay’ promotion currently running.

The Bank conducted its second monthly draw at Mzuzu Shoprite Mall on Saturday, where hundreds of customers also had a chance to win instant prizes after purchasing goods using the NBM’s debit cards, Mo626 Pay, and Point-of-Sale machines.

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.”

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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.