Tag: Banking

FDH Bank’s Zatheka account promo hits 300 customers

Published on April 15, 2014 by Face of Malawi

FDH bank customers continue to open accounts with the bank through the Zatheka promotion with more than 300 of them […]

STANDARD BANK FORECASTS INFLATION RISE, DEPRECIATION IN 2014

Published on March 10, 2014 by FACE OF MALAWI

One of the leading financial institutions Standard Bank has predicted a continued pressure on commodity prices this year -due to […]

Malawi’s Mobile banking growth impressive

Published on August 12, 2013 by FACE OF MALAWI

Mobile banking has emerged the fastest growing financial service in the country registering 1,299 percent growth in value last year, […]

FDH Holdings Limited in tax evasion scandal

Published on February 25, 2013 by FACE OF MALAWI

Investigations have revealed that First Discount House (FDH) Group has not been remitting taxes to Malawi Revenue Authority since 2009. […]

Malawi banks risk shrinking forex business

Published on February 5, 2013 by FACE OF MALAWI

Malawi’s commercial banks are risking a reduction in foreign exchange business due to the prevailing global liquidity shortages, the Reserve […]

Finance Bank re-opening in Malawi hangs in balance due to past money laundering record

Published on November 22, 2012 by FACE OF MALAWI

In May this year, Finance Bank Zambia owner Rajan Mahtani announced that he will re-open his branches in Malawi which […]

NBS Bank explains lending stinginess

Published on November 8, 2012 by FACE OF MALAWI

NBS Bank has said it is still giving out loans to its clients in contrast to what some of the […]

Ecobank chief visits Malawi

Published on September 8, 2012 by FACE OF MALAWI

Ecobank will continue to contribute significantly to Malawi’s development as it remains confident in the economic reforms being implemented by […]

Reserve Bank of Malawi hikes bank rate to 21%

Published on July 14, 2012 by FACE OF MALAWI

The Reserve Bank of Malawi (RBM) on Tuesday raised the bank rate by five percentage points to 21 percent confirming […]

Researchers back idea of Islamic banks in Malawi

Published on May 2, 2012 by FACE OF MALAWI

As the concept of Islamic finance captivates the international market, a paper released by Malawian researchers has supported the idea […]

Reserve Bank of Malawi angers local contractors

Published on April 18, 2012 by FACE OF MALAWI

The awarding of a multi-million kwacha contract to a foreign contractor for curtain, walling and glazing of the Reserve Bank […]

Malawi Savings Bank profits hit K1.1bn

Published on April 8, 2012 by FACE OF MALAWI

Published annual financial reports from Malawi Savings Bank (MSB) show that the company has managed to rake in an after […]