Tags: NBM

NBM-Indebank merger stalls

  The Competition and Fair Trading Commission (CFTC) has put aside National Bank of Malawi (NBM) and Indebank merger application forms because they have not yet fulfilled some requirements. However, NBM has said there are still some issues that CFTC has to clarify before the bank can satisfy all the requirements. The stalemate comes eight…

Domestic debt eases 1.9%

  Private borrowers are likely to be priced out of the credit market and feel the pinch of high interest rates if government continues to borrow to service debts and dominate in the credit market, a financial analyst has said. NBM Capital Markets Limited assistant investment analyst Paul Mojoo was responding to a questionnaire in…

Chamber Praises RBM For Slashing LRR

The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says it welcomes the recent move by the Reserve Bank of Malawi (RBM) to slash the Liquidity Reserve Requirement (LRR), saying the action will help reduce the cost of borrowing by private sector players. Following the reduction of LRR from 15.5 percent to 7.5 percent…

MPINGANJIRA OUTLINES MSB TAKEOVER PLAN

FDH Financial Holdings Limited, new majority shareholder in the previously wholly State-owned Malawi Savings Bank (MSB), says it will not rush to take over the operations of MSB as it awaits regulatory approvals from the Reserve Bank of Malawi (RBM). In an interview last evening, FDH Financial Holdings Limited chief executive officer Thomson Mpinganjira said…