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

Kawawa (left) and NBM Head of Corporate Banking, William Chatsala handing over the cheque to Nsamala (middle)

National Bank of Malawi (NBM) Plc has committed K80 million for the purchase of two blood bank fridges for the Malawi Blood Transfusion Services (MBTS) to help ease shortage of blood at Mulanje and Mangochi District Hospitals.

Speaking after handing over a cheque to MBTS on Friday, NBM Chief Executive Officer (CEO), Macfussy Kawawa said the Bank believes that a healthy nation is a progressive nation, therefore their contribution to the health sector helps to develop the country’s economy.

National Bank of Malawi, through Ladder to Learning, has handed over books worth K3.8 million to Ngwenya Primary School in Lilongwe as part of its corporate social responsibility.

The bank’s South End Service Manager, Nguwachi Selemani, says they are committed to giving back to community by supporting the education sector with teaching and learning resources.

National Bank of Malawi (NBM) Plc has handed over a chemistry analyzer to Queen Elizabeth Central Hospital (QECH), to help in early detection of cancer in children.

The Bank promised to buy the machine worth K91 million in October this year after being approached the World Child Cancer, a leading international children’s charity dedicated to addressing the global inequality in childhood cancer care.

Speaking when he handed over the high-tech equipment at QECH on Tuesday, NBM Chief Executive Officer (CEO), Macfussy Kawawa said the Bank committed to the cause since the health sector is one of the key pillars within the bank’s corporate social investment policy.

Bank of the nation, National Bank of Malawi (NBM) plc has donated various items worth K30 million to six education and health institutions in the country through its  ‘12 Days of Christmas’ initiative.

Launched in 2021, the initiative involves 12 selected NBM Service Centres led by their managers, donating items to institutions in 12 districts for 12 days during the festive season.

This year, the initiative commenced on 7 December 2023 with Henderson Street Centre donating blankets, buckets and food items worth K5 million to Mpemba Reformatory Centre in Blantyre.

180 people across Malawi will be eligible to win big this festive season till next year with the just launched K60.8 million 'Opanda Chifukwa' promotion.

The promotion which runs from the 18th December 2023 to 18th April 2024, will see the lucky winners will walk away with branded merchandise and cash prizes.

Williams Kaunda head of Digital Financial Services said the promotion will reinvigorate the customers in using the banks digital services.

NBM, UNIMA officials and contractor inspecting the court

National Bank of Malawi (NBM) Plc has started renovating Basketball courts for the University of Malawi (Unima) and Lilongwe University of Agriculture and Natural Resources (Luanar) as promised during the launch of this year’s edition of the Mo626 College Basketball tournament.

On Wednesday, NBM officials led by the Marketing and Corporate Affairs Manager, Akossa Hiwa and Mo626 College Basketball tournament brand ambassador, musician and entrepreneur Hayze Engola visited Unima to inspect the progress of the works at the court.

NBM plc Marketing and Corporate Affairs Manager, Akossa Hiwa

National Bank of Malawi (NBM) plc will for the third consecutive year celebrate this year’s Christmas with its stakeholders by donating K70 million worth of various items to educational and health-care institutions through a corporate social investment programme dubbed ’12 days of Christmas’.

NBM plc introduced the initiative in 2021 and through it, has impacted sectors such as education and health care through donations made by the Bank  across the country.

Last year, the programme benefited institutions in Chitipa, Nkhotakota, Blantyre, Mzimba, Mangochi, Dowa, Mchinji, Salima, Ntcheu, Mwanza and Liwonde.