Tag: BAM
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Malawi central bank offers relief COVID-19 packages to commercial bank, reduces mobile payments charges by 40%
The Reserve Bank of Malawi (RBM) in conjunction with Bankers Association of Malawi (BAM) has announced measures to mitigate the impact of COVID-19.
The central...
MALAWI LOOSING OUT ON COMMODITY EXCHANGE MARKET
Malawi is losing at least US$1.9 billion annually on the commodity exchange market due to high lending rates by commercial banks and government policies,...
Cheque encashment ban illegal – Malawi Law Society
The decision by the Bankers Association of Malawi (Bam) to ban cheque encashment payable to any person other than the account holder in...
‘Make emergency payments in cash’ …Bankers tell customers
The Bankers Association of Malawi (Bam) has asked companies and cheque account drawers to make emergency payments in cash instead of issuing cheque...
