Banks Archives

Cartel forcing Admarc to borrow from banks – Chiphiko

Aug 19, 2021 Russell Kondowe 1 &

Agricultural Development and Marketing Corporation (Admarc) General Manager Rhino Chiphiko says there is a cartel involving officials from various ministries and banks as well as some individuals that benefits when Admarc borrows money from local… ...

Malawians ask Gaming Board to review National Bank’s Village Bank competition

Aug 03, 2021 Malawi24 Reporter 0 &

Malawians have asked the Gaming Board to review the criteria used for the same Village Bank to win twice in the same competition as people suspect foul play. The grouping called Amazing Grace, was one… ...

Bank ordered to refund customer whose money disappeared from account

Jul 19, 2021 Mwayi Mkandawire 0 &

The Competition and Fair-Trading Commission (CFTC) has ordered First Capital Bank (FCB) to refund a sum of MK1,476,990 to a customer whose money was stolen from a bank account. According to a statement dated today… ...

Justice for Ngoleka: Malawians demand FCB to refund Mchikumbe’s money

Jun 11, 2021 Malawi24 Reporter 0 &

The Bank which made after-tax profit of US$21.3 million for the year ending December 2020 has stirred the wrath of Malawians after it smooched a farmer's K2 million last December. Kitmass Ngoleka deposited about K2… ...

K2 million disappears from farmer’s bank account

Jun 10, 2021 Malawi24 Reporter 0 &

A farmer who sold maize and deposited the proceeds at First Capital Bank was shocked when he later went to the bank to find that K2 million had disappeared from his account. The story of… ...

Malawians defend their village banks against evil banks

Jun 04, 2021 Lindiwe Sambalikagwa 0 &

Malawians say village banks will keep their distance from banks amid concerns that the commercial banks want to kill village banks. Several banks have introduced promotions aimed at coaxing village banks to deposit money to… ...

FINCA launches Dabo Dabo promotion

Mar 02, 2021 Archangel Nzangaya 0 &

Archangel In a drive to promote the savings culture and financial health of customers, FINCA Limited has launched the Dabo Dabo Promotion where Fixed Deposit customers stand a chance to win a share of MK2,… ...