National Bank of Malawi (NBM) Plc has given K5 million to the Institute of Chartered Accountants in Malawi (ICAM) and K3 million to Institute of Internal Auditors Malawi (IIA) for their annual conferences in September this year.

Speaking during the symbolic cheque presentation to ICAM on Friday, NBM’s Financial Accountant Mavuto Goodson Jimu said the Bank realizes the benefits that come from such conferences as they will also have a chance to present products to the delegates.

Lipunga (middle) addressing shareholders National Bank of Malawi (NBM) Plc has expressed optimism on turn-around investment for its subsidiaries, Akiba Commercial Bank in Tanzania and United General Insurance Company Limited (UGI) in 2023.

NBM holds 47 percent of UGI’s share capital, and also acquired 60.48 percent shareholding in Akiba Bank in 2021.

However, during NBM’s 2023 Annual General Meeting (AGM) in Blantyre on Thursday, board chairperson Jimmy Lipunga announced an increase in profit-after-tax for the year 2022 of K45.9 billion from K34 billion representing a 34% increase, with the two subsidiaries registering losses.

Tepelunde unveils winners

National Bank of Malawi (NBM) Plc says it has made tremendous strides in the usage of cardless features on all digital platforms from March this year when the bank launched the ‘Mo cardless Withdrawal Promotion’.

NBM Card Services Manager Stewart Tepelunde, spoke during the final promotion draw at the Bank’s head office in Blantyre on Wednesday that the promotion has increased usage of the cardless feature on all digital platforms with numbers of used tokens up by 34 percent, and the number of tokens generated growing by 80 percent.

Blantyre Police Officer-in-Charge, Deputy Commissioner of Police Obrey Nyirenda (centre) receiving the symbiotic donation

National Bank of Malawi (NBM) Plc has donated five security cameras worth K8.1 million to Blantyre Police as they plan to enhance security in the city.

Earlier this year, Blantyre Police launched an initiative to install surveillance cameras in Blantyre City.

Speaking during the handover ceremony at the bank’s head office in Blantyre on Wednesday, NBM Chief Financial Officer, Masauko Katsala said the Bank is geared to collaborate more with the Malawi Police Service (MPS) to help them carry out their duties effectively.

National Bank of Malawi (NBM) Plc has extended its Know-Your-Customer (KYC) exercise to August 31 to give customers more time to update their information.

NBM started the exercise mid-June and was scheduled to end on Monday, July 10, which caused panic among customers resulting in congestion in banking halls in almost all the service centers, fearing their accounts could be blocked.

Enala Chirwa- It is very exciting

Bank of the nation, National Bank of Malawi (NBM) Plc has splashed prizes to 50 more winners in the second month of the MO Cardless Promotion currently underway.

The Bank’s Mobile and eMoney Services Manager, Enala Chirwa unveiled the 50 winners during the monthly draw conducted on Thursday in Blantyre.

Chirwa said the promotion is still getting good response from the customers and this has been observed through the increase in the number of tokens generated and redeemed through cardless withdrawal service.

Kawawa addressing the conference

Bank of the nation, National Bank of Malawi (NBM) has unveiled an ambitious strategic plan where it intends to deliver a shareholders profit- after-tax equivalent of $100 million while operating in four countries by 2027.

NBM Board Chairman, Jimmy Lipunga and Chief Executive Officer (CEO), Macfussy Kawawa unpacked the new strategic plan, which is effective this year, during the inaugural stakeholders conference in Blantyre on Wednesday.

Enala Chirwa addresses Stella Maris Secondary School students

National Bank of Malawi (NBM) Plc has encouraged girls at Stella Maris Secondary School in Blantyre to stay focused in their studies and develop an interest in matters related to finance and the economy. .

The Bank’s Mobile and e-Money Services Manager, Enala Chirwa visited the girls for a talk  through the financial inclusion program dubbed ‘60 Minutes with a Banker’ championed by the Bankers Association of Malawi (BAM) for Secondary Schools in the country.