Opportunity International Bank of Malawi (OIBM) has closed some of its branches and laid off employees, Malawi24 has learnt.
According to a source who confided in Malawi24, the bank has closed three branches in the Northern Region and all employees at the closed branches have been fired. 
“In the north they have closed three branches namely Chitipa, Nkhatabay and Jenda in a way of retrenchment. The bosses went with the Police and told everybody to hand over all the documents,” said the source.
The source added that the bank management initially tried to fire employees who were deemed to be underperforming but the plan failed.
Malawi24 understands the downsizing, which comes months after the bank was sold to Mybucks, will affect 75% of staff members at the financial institution.
Meanwhile, the axed staff members have been told to meet bank managers on Friday at Mzuzu Hotel.
Sad
National & Standard Banks hv realised above K19bn ñ K13bn profit respectively so Opportunity Bank must read businesses environment n bring in new strategies.
Finacial crisis
Malawi country too much greed ppo dats y de current does nt goin well as result kuba , corrupt nd so many
Apa bola kubwedzeletsa akale aja2 wokumbira pasi .nanganxo chan?
ilove oibm
Kukhara mmalawi nkulimba mtima!
Olo atatseka awa chiongola dzanja chao ndimbola kubera anthu ikagwere kutali bank imeneyi
It shows that our economy is in the intensive care unit (ICU) ward anything can happen.
munalikuti anzanu analemba dzulo
ma village bank akukumvesani kuwawa..
Where iz MW going? Shame!
?
if you want change be the change you want to see in the world….blaming the gvt cant help,lets learn to do things on our own#proud to b a MALAWIAN
What do you mean by working on our own? I tell you that there are many things that will affect your ‘working on your own’ if govt micro and macro economic policies are upside down.
let suggest that micro and macri economic policies dont happen,the reason that malawi is suffering is because we havent adapt to change and we are so negative on everything
let suggest that micro and macri economic policies dont happen,the reason that malawi is suffering is because we havent adapt to change and we are so negative on everything
vuto a bank amatenga ndalama zochuluka, pamene iwo chiongola dzanja chawo chimakhala chochepa zedi. shame!
Mukakakamira mmaofesi, ndiye Malawi alemera bwanji?
Bank mmudzi yavuta guys,sizidati coz other banks will follow suit.nkhani siboma koma kungoti anthuwa ndiwoipa mtima.munthu ukafuna ngongole zochitika mbweeee,mukuona ngati business ingayende opanda makasitomala???? Mabank achimalawi ngopusa heve.
Mmmmm my malawi
worry not, God will wipe your tears away!
Bwelani muzalandilenawo katemela wa xenophobia
Mxiiii
Obama will be out of office soon in US I suggest we must call him to govern the country just for five years may be we can go ahead with some miles otherwise idiots, thieves and selfish people are all over Malawi
IS is giving him headache my dear.
Kenaka Timva Zoti Amene Anali Ndi Acount Ku OIBM ndalama zao zapotela
Naa kwathu ndiye kwathelatu sikuzalongosokanso mpaka kale kale mavuto ndiyathu basi umbava ukulenso mmanyumbamu shaaaa.
nyasaland sali Bhooooo uyu
Mufunilanjiso umboni wina oti chuma boma likukanika kuyendetsa bwino???? mhu this Government???
poor management skills and poor commercial strategies. entrepreneurship yavupa apa
zovetsa chisoni pongoganizira ulova ndi maluzi ali pamalawi.pakulowa tchito pamakhala mavuto zochita zochuluka MSCE ena ukuva DIPROMA ee DGREE,MASTER’S,PHD.koma kutha kwatchito kumatha ngati mkodzo?zoona zimenezi.
they we soon close their headquarters coz of bank mudzi ,they didnot foresee
That’s not good to all of us as cıtızens no one can be fıred lıke that wıthout a notıce.
the beggining
Again loss of job eish
Hhmmm
Zibwerakoni muzalime maluwa mu joburg muno
The ailing economy hitting us hard, eishhh!!!!!
ulova utipweteka ambiri eti,,frm MSB to OIBM tsopano nyasaland watilaka
What the hell is going on!!?
Curious.
Mmm not good!!!