Banks Archives

FMBcapital Holdings post K47 billion profit

Oct 31, 2023 Archangel Nzangaya 0 &

FMBcapital Holdings (FMBCH), the holding company for First Capital Bank operations, has reported a half-year profit after tax of US$42 million (about K47 billion) which is up by 67% from the same period last year.… ...

Phillip Madinga is a Malawian business executive and the chief executive officer of Standard Bank in Malawi

Standard Bank scoops two Euromoney Awards

Oct 12, 2023 Malawi24 Reporter 0 &

The world’s leading capital markets and financial thinktank, Euromoney, has named Standard Bank Plc as Best Bank for CSR in Malawi and Best Bank for Digital Solutions in Malawi. The awards come as the Bank… ...

First Capital Bank supports Presidential Charity golf tournament with K100 Million

Sep 13, 2023 Mike Kalumbi 0 &

First Capital Bank (FCB), the anchor sponsors of the 2023 Presidential Charity Golf Tournament, have supported this year's charity golf tournament with 100 million Kwacha. The tournament is slated for October 7, 2023 at Lilongwe… ...

Moses Kunkuyu information minister Malawi

Boma lati likubweza ngongole ya US$800 miliyoni yomwe inatenga DPP

Aug 16, 2023 Russell Kondowe 0 &

Boma la mgwirizano wa Tonse lati likubweza ngongole ya US$800 miliyoni yomwe linatenga boma la chipani cha DPP ndipo izi zikuchititsa kuti ndalama zakunja zizisowa m'dziko muno. Wanena izi ndi nduna yofalitsa nkhani a Moses… ...

Centenary Bank announces K970 million profit

Jul 31, 2023 Malawi News Agency (MANA) 0 &

Centenary Bank says it has made an after tax profit of K970 million from January to June 2023. The financial statement which Centenary Bank released on Monday signed by the bank’s Managing Director, Zandile Shaba,… ...

Six banks under investigation

Jul 22, 2023 Mwayi Mkandawire 0 &

The Financial Intelligence Authority (FIA) says it is investigating six commercial banks in Malawi over financial crimes. FIA’s compliance and public relations manager Masautso Ebere has confirmed. Speaking to the local media, Ebere said FIA… ...

Centenary Bank extends opening days to Sundays

Jun 28, 2023 Shorai Mopiwa 0 &

Centenary Bank Limited has extended opening days for its branch in LIlongwe to Sundays. The bank has announced the introduction of the Sunday services in a statement. According to the bank, Old Town Branch next… ...

FMB Capital Holdings post K62 billion profit

Jun 21, 2023 Archangel Nzangaya 0 &

FMB Capital Holdings Plc which operates First Capital Bank, has made USD61.2 million (about K62 billion) profit after tax, a 51 percent increase from the last year's profit. This was disclosed on Monday 19th June,… ...

Man jailed for forging teacher’s documents and obtaining K2.3m loan from Centenary Bank

Jun 15, 2023 Malawi24 Reporter 0 &

The Chief Resident Magistrate's Court in Blantyre has sentenced 37-year-old Peter Milowa to 3 years in jail for forging a primary school teacher's documents which he used to obtain a K2.3 million loan from Centenary… ...

11 civil servants win in FCB’s ‘Zanga Phee promo’

May 26, 2023 Archangel Nzangaya 0 &

Eleven civil servants have won various prizes in First Capital Bank’s (FCB) first draw of Zanga Phee Promotion. In April this year, First Capital Bank launched Zanga Phee Promotion under the Consumer Lending function of… ...

Afreximbank to provide K950 billion for construction of industrial park, says Malawi Govt

Apr 19, 2023 Russell Kondowe 0 &

Banda (2nd from L) and Afreximbank officials in Blantyre today Malawi Government says African Export-Import Bank (Afreximbank) will provide US$950 million (over K950 billion) for construction of industrial parks at Matindi in Blantyre and Area… ...

Chilima hails Catholic Church for buying bank

Apr 16, 2023 Malawi News Agency (MANA) 0 &

Vice President Saulos Chilima has said it is important for the church to be independent and one way of doing this is what Lilongwe Archdiocese has done by buying a bank in Malawi. Chilima was… ...

FDH Bank issues response after seriously ill patient was taken to bank to withdraw cash

Apr 03, 2023 Russell Kondowe 0 &

FDH Bank has issued a response following the incident in Phalombe where a seriously ill patient was taken to FDH Bank branch to withdraw cash. The bank has said in a statement today that it… ...

‘Seriously ill’ woman taken to FDH Bank to withdraw cash

Apr 02, 2023 Malawi24 Reporter 0 &

A "seriously ill" patient was taken to FDH Bank branch in Phalombe to withdraw cash after the bank reportedly refused to let her next of kin to conduct the transaction on her behalf. According to… ...

African Development Bank to commit $10 billion to make Africa breadbasket of the world

Jan 30, 2023 Russell Kondowe 0 &

The African Development Bank Group will commit $10 billion over the next five years to boost Africa’s efforts to end hunger and become a primary food provider for countries on the continent, including Malawi, and… ...