Banks Archives

Banks, MRA under fire over new VAT law

Oct 29, 2021 Malawi24 Reporter 0 &

Banks in Malawi and the Malawi Revenue Authority (MRA) have come under fire for failing to explain clearly the services to which the new value-added tax (VAT) will apply. Malawians have argued that both the… ...

Govt introduces VAT on banking services

Oct 28, 2021 Archangel Nzangaya 0 &

Malawians should expect tougher times ahead as the Bankers Association of Malawi (BAM) has announced the introduction of Value Added Tax (VAT) on some banking transactions following the amendment of VAT Act by Malawi Government.… ...

Banks fight

Oct 20, 2021 Archangel Nzangaya 0 &

There is a fight going on between Malawi's two reputable financial service providers, National Bank of Malawi and the Standard Bank Malawi. The two banks have dragged each other into a fighting zone through their… ...

Mother’s Day: Ecobank elevates women led businesses

Oct 14, 2021 Malawi24 Reporter 0 &

As part of appreciating mothers who bank with Ecobank during this mother’ s day week, Ecobank has bought shopping vouchers from women led businesses under its Ellevate program and the vouchers will be randomly given… ...

It’s all about you – Ecobank assures customers during Customer Service Week

Oct 08, 2021 Malawi24 Reporter 0 &

Ecobank Malawi this week participated in Global Customer Service week where the bank celebrated and expressed appreciation to its customers for entrusting Ecobank with their banking and financial service needs. The Global Customer Service Week… ...

Three accused of stealing K1 billion from NBS Bank

Sep 27, 2021 Malawi24 Reporter 0 &

A businessperson and two former NBS Bank officers are being accused of stealing over K1 billion from the bank. The three appeared before High Court in Blantyre this morning where the Directorate of Public Prosecutions… ...

RBM urges Banks to deliver inclusive financial services

Sep 17, 2021 Guest Writer 0 &

By Kenneth C. Mkandawire Reserve Bank of Malawi (RBM) has encouraged commercial banks to provide services that promote financial inclusion. Deputy Governor (DG) of RBM, Dr. Grant Kabango, made the remarks at Bingu International Convention… ...