Wednesday, May 22, 2024

Featured Video

Latest Stories

Top 10 Music

Upcoming Events

Launch Of Chavez Lodge And Lounge In Dedza

Fri, 24 May 2024 20:00:00 UTC @ Chavez Lodge and Lounge - On 24 May 2023 there will be a Launch of Chavez Lodge and Lounge in Dedza formerly known as Motel Domwe. During The Launch, The Black Missionaries Band, Anthony Makondetsa, Moda Fumulan... More Info
Young Stunna Live In Malawi

Sat, 25 May 2024 18:00:00 UTC @ Money Men Club (Nancholi-Mpemba Road) - Beer Land Festival Brings Young Stunna all the from South Africa on 25th May 2024 in Blantyre at Moneymen Club.He will be setting the stage on fire, creating an unforgettable night of ... More Info


One of the leading financial institutions Standard Bank has predicted
a continued pressure on commodity prices this year -due to what it
called pre-elections fiscal lapses.
The bank was analyzing its operating environment and the state of the
local economy -in its 2013’s financial statement.
Performance wise, despite operating in harsh environment, the bank
managed to post 12.1 billion kwacha after tax profit – which is 52%
higher than it made last year- thanks for a 47% increase in its
operating income.
However, the report that was signed by Alex Chitsime, Ritchard Harawa
and Andrew Mashanda for Chairman, Director and Chief Executive Officer
respectively sees kwacha further depreciating during the year -as it
anticipates persistent forex shortages.
The report also puts in consideration that pre-elections fiscal lapses
could trigger more inflationary pressure in the first half of 2014.
Standard bank is regarded as the biggest bank in the country based on
the deposits.
The Malawi Stock Exchange listed bank’s share has been fluctuating
from around 380 kwacha to just over 400 kwacha, and now it is at 397
kwacha 41tambala per share.

Subscribe to our Youtube Channel:

Related Posts



Please enter your comment!
Please enter your name here

Popular Articles