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National Bank of Malawi traces its history from the 1890s when African Lakes Corporation established banking business in Nyasaland.In 1918, the National Bank of South Africa (now First National Bank) acquired the banking business of African Lakes Corporation in the colony. [5]
The headquarters and main branch of FDH Bank Limited are located on the First Floor of Umoyo House, at 8 Victoria Avenue North, in the city of Blantyre, the financial capital of Malawi. [3] The geographical coordinates of the headquarters of FDH Bank Limited are: 15°47'08.5"S, 35°00'18.5"E (Latitude:-15.785694; Longitude:35.005139).
NBS Bank Limited, commonly referred to as NBS Bank, is a commercial bank in Malawi. It is licensed as a commercial bank, by the Reserve Bank of Malawi , central bank and national banking regulator. [ 2 ]
While Standard Bank (a branch of Standard Bank South Africa) is situated 50 km away at Illovo sugar company's premises in Dwangwa, where National Bank of Malawi and NBS Bank are situated. These commercial Banks provide several banking and other financial services including; foreign currency exchange facilities for local residents and foreign ...
National Bank of Malawi, NBS savings Bank, Standard Bank and Opportunity Bank International as well as the Malawian Post have branches in the city. Zomba Hospital is an important employer and one of the biggest hospitals in the country. [1] Zomba Central Prison was built in 1935, and is the only maximum-security prison in Malawi.
Standard Bank Malawi is a large financial services provider, serving the banking needs of large companies, small and medium enterprises, as well as individuals.As of December 2019, the bank's total assets were valued at MWK:375.26 billion (US$519 million), with shareholders' equity of MWK:87.24 billion (US$121 million).
The service sector accounts for 51.7% of Malawi's national GDP. Notable industries are tourism, retail, transport, education, health services, telecommunication and the banking sector. The Government of Malawi holds shares in many important companies, such as Malawian Airlines (51%) and Press Corporation Limited. Press Corporation Ltd. is the ...
Dalitso Kabambe (born 17 November 1973) is an economist, banker and politician from Malawi. He served as the 13th Governor of the Reserve Bank of Malawi from 2017 until 2020 . [2] On 17th November 2024, he was elected President of the United Transformation Movement