Month: September 2020 Posts

Commercial banks issuing out fake notes

Sep 21, 2020 Malawi24 Reporter 0 &

Commercial banks have been accused of issuing out fake Malawi Kwacha banknotes to customers. The allegations come after incidents of people being given fake bank notes when withdrawing money from their accounts at banks in… ...

Selfish banks continue to deduct loans despite Reserve Bank order

Apr 28, 2020 Malawi24 Reporter 0 &

Some Malawian banks are still deducting money for loan repayments from customers despite the Reserve Bank of Malawi telling banks to provide a three-month moratorium on the repayments. One of the country’s biggest commercial, National… ...

Malawi banks suspend loan repayments

Apr 10, 2020 Mwayi Mkandawire 0 &

Commercial banks in Malawi have suspended loan repayments for three months due to the coronavirus pandemic. The banks revealed the arrangement in a statement signed by President of Bankers Association of Malawi (BAM) Kwanele Ngwenya… ...

Customers worry over sunlight: Ask for tents outside banks

Apr 07, 2020 Daniel Sapuli 0 &

Bank customers have expressed concern over exposure to direct sunlight whilst at queues outside banks, as banks are only allowing 10 people to be inside at a time to prevent spread of Covid-19. Customers said… ...

Reserve Bank injects K12 billion into Malawi banks

Apr 03, 2020 Mwayi Mkandawire 0 &

The Reserve Bank of Malawi (RBM) has released K12 billion into Malawi’s banks to enable the banks to support sectors hit by the Covid-19 in Malawi. The bank announced the package in a Monetary Policy… ...

Anti-Corruption Alliance holds panel discussion on corruption

Feb 18, 2020 Martha Chikoti 0 &

The National Anti-corruption Alliance on Saturday organized a panel discussion on the role of banks in ending corruption and financial crimes. The discussion under the theme “interrogating the role of the banking sector in curbing… ...

Woman collapses in NBS Bank: Poor ventilation and abhorrent customer care

Dec 04, 2018 Malawi24 Reporter 2 &

A woman collapsed yesterday at NBS Bank in Mzuzu due to poor ventilation. Customers said there was congestion in the NBS Bank branch and this was compounded by poor ventilation as there was no working… ...

Malawian banks under fire!

May 13, 2016 Archangel Nzangaya 48 &

The Consumers Association of Malawi (Cama) has advised all the commercial banks in the country to start improving their customer care services which have been so poor in the past years. According to Cama's chairperson… ...