NBM CEO cherishes K2tn market capitalisation on MSE
National Bank of Malawi (NBM) plc chief executive officer Harold Jiya says the bank’s K2 trillion market capitalisation on the Malawi Stock Exchange (MSE) reflects commitment and confidence in its medium-term growth strategy.
He said in a statement that reaching that capitalisation mark is a significant milestone and the first of its kind on the 16-counter shares market.

Said Jiya: “This accomplishment reflects the trust and confidence our stakeholders and investors have placed in the bank’s medium-term growth strategy.
“Over the years, our strong financial performance has shown that we are not just resilient, but also full of untapped potential.”
He said the active trading of NBM shares, which now makes the bank the most valuable company on MSE, is a humbling endorsement of their efforts.
NBM share price jumped from K3 981.50 to K4 584.50 within a week, pushing its market capitalisation to K2.1 trillion.
Financial expert Richard Tembo said in an interview on Sunday this represents a wealth increase of K603 per share for investors withina day.
“The shares of National Bank are valuable and are being sought-after by investors,” he said.
Tembo said this also signals confidence in the financial sector and is key to fostering economic development.
Stock market investor Benedicto Bena Nkhoma commended NBM for the remarkable achievement.
“This is a sign of confidence,” he said.
NBM is one of the five banks listed on the MSE.
The others are FDH Bank plc, Standard Bank plc, NBS Bank plc and FMB Capital Holdings whose subsidiary is First Capital Bank.