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NBM is a large financial services institution, serving the banking needs of the people and businesses in Malawi. As of December 2018, the bank's total assets were valued at MWK:417.33 billion (approximately US$579 million), with shareholders' equity of MWK:88.4 billion (approximately US$123 million).
This is a list of commercial banks in Malawi, as updated in late 2024 by the Reserve Bank of Malawi. [1] List of commercial banks. CDH Investment Bank;
The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe. [2] The current governor is Wilson Banda. [3]The Bank is active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion.
NBS Bank is a midsized retail bank in Malawi. As of December 2018 [update] , the bank's asset base was valued at MWK:123.1 billion (US$170 million), with shareholders' equity of MWK:11.5 billion (approximately US$16 million).
Before that, MyBucks Bank Malawi was 100 percent owned by MyBucks SA, a financial outfit based in Luxembourg, that went into bankruptcy in December 2021. [5] Centenary Bank rebranded from MyBucks Bank Malawi on 23 March 2023, [4] after attaining a commercial banking license from the Reserve Bank of Malawi, earlier that month. [2]
The First Capital Bank of Malawi is a medium-sized financial services provider in Malawi. It offers retail banking services to individuals and corporate clients. As of December 2023, the bank's total asset base was valued at MWK:483.65 billion (US$280.82 million, with shareholders' equity of MWK:77.553 billion (US$45.3 million).
Headquartered in Nairobi, the bank owns one subsidiary company: NatBank Trustee and Investment Services Limited. As of December 2018 [update] , National Bank of Kenya's asset base was valued at approximately US$1.122 billion (KES:115.143 billion), with shareholders' equity valued at about US$67.6 million (KES:6.936 billion). [ 1 ]
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).