Tags: Abel Mwanyungwe

MSB POSTS K2.5BN PRE-TAX PROFIT

Wholly State-owned Malawi Savings Bank (MSB), currently undergoing a recapitalisation process that will see government diluting its shareholding, has posted a pre-tax profit of K2.5 billion (US$6 million) between January and May 2015. This represents a 221 percent increase compared to the same period last year when profit before tax was K773 million (US$2 million).…