National Bank of Malawi plc (MAL: NBM)
Malawi flag Malawi · Delayed Price · Currency is MWK
3,462.14
+0.01 (0.00%)
At close: Dec 24, 2024

National Bank of Malawi Company Description

National Bank of Malawi plc, together with its subsidiaries, provides retail, small and medium enterprise, corporate, and investment banking services in Malawi.

It operates through three segments: Retail and Corporate Banking, Treasury, and Other. The company offers various deposit products, including savings, current, special savers, student saver, and call accounts, as well as fixed and short term deposits.

It also provides consumer loans, employer guaranteed loans, home improvements and mortgage finance, personal vehicle, and pay-day loans; farm infrastructure and implements loan; and finance lease, insurance premium finance, gold and asset finance services, as well as stockbroking, insurance, and pension administration services.

In addition, the company offers short term, foreign currency, construction, and syndicated loans; overdraft facility; finance for exports; international trade finance; bonds and guarantees; and agricultural loans and seasonal overdrafts, as well as treasury services, such as foreign exchange contract, currency option, foreign currency denominated account, treasury bills, moneygram, custody, and government securities bids and discounting services.

Further, the company provides fund management, custodial, development and electronic banking, and training services; derivative products; corporate leasing; and credit and debit cards.

It operates service centers in Malawi and Tanzania. National Bank of Malawi plc was founded in 1971 and is headquartered in Blantyre, Malawi.

National Bank of Malawi plc is a subsidiary of Press Corporation Plc.

National Bank of Malawi plc
Country Malawi
Founded 1971
Industry Commercial Banks
CEO Macfussy Kawawa

Contact Details

Address:
NBM Towers
Blantyre
Malawi
Phone 265 1 820 622
Website natbank.co.mw

Stock Details

Ticker Symbol NBM
Exchange Malawi Stock Exchange
Fiscal Year January - December
Reporting Currency MWK
SIC Code 6020

Key Executives

Name Position
Macfussy Kawawa Chief Executive Officer
Daniel Jere Chief Financial Officer
Masauko Katsala Chief Operating Officer