National Bank of Malawi

by nigerian newspapers on October 9, 2010 · 0 comments

is a financial services company based in Malawi, Southern Africa. It was listed on the Malawi Stock Exchange on 21 August 2000 with a total of 450,000,000 ordinary shares. The origin of National Bank of Malawi could be traced back to 1971 when the Standard Bank agreed with Barclays Bank and the Malawi Government to create the National Bank of Malawi through the amalgamation of the two Banks. Also by agreement Standard Chartered Bank and Barclays became the service companies of National Bank of Malawi. On 31ST December 1982 Barclays Bank International Limited sold its interest to Standard Bank PLC which came to be known as Standard Chartered Bank Africa PLC with effect from 15th October 1990. National Bank of Malawi has 23 service centres within the country. National Bank of Malawi is the leading bank in the country boasting the combined connection, experience and expertise of African Lakes Corporation, Mandala, Standard bank and Barclays Bank, UK. The Bank is fully computerized, having adopted a highly sophisticated computer technology named the Bankmaster/Branchpower System, sourced from Kindle of Dublin, Ireland.

Vision of National Bank of Malawi

To be the most successful financial institution in Malawi with a visible presence in Southern Africa

Mission of National Bank of Malawi

To provide the best financial services in Malawi and the southern Africa, distinguished by outstanding service, product innovation and sustained earnings growth.

Corporate Social responsibility of National Bank of Malawi

As a leading and highly respected good corporate citizen in Malawi, National Bank of Malawi actively participates in deserving charitable and social activities in areas that focus on Charity, Community Projects, Education, and Environment Health. The objectives of such participation is to demonstrate leadership as one of Malawi’s elite citizens, occupy a prominent position in Corporate Social Responsibility activities so as to gain goodwill within the market in which we operate, reduce the suffering of the less fortunate people amongst us, contribute to the social and economic development and maximize the Bank’s visibility in the market.

For more information:

The Registered Office:

19 Victoria Avenue
Blantyre
Malawi
Tel: +265 1 820622
Fax: +265 1 820321
Call centre: +265 1 831485
callcentre@natbankmw.com

Email:chiefexec@natbankmw.com
Web:http://www.natbank.co.mw

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Nedbank Malawi

by nigerian newspapers on October 9, 2010 · 0 comments

is one of the major banks with presence in Malawi in southern Africa. The Malawian branch is one of the subsidiaries of Nedbank Group South Africa where it is one of the largest Banks. The parent company is located at Johannesburg, South Africa. Nedbank Malawi is also committed to making sure as many people as possible, in Africa and around the world, experience the benefits of a bank that does things differently in order to Make Things Happen.

The objectives of Nedbank Malawi, Southern Africa

Objectives of Nedbank Malawi, Southern Africa to their staff:

  • Continue to reduce limiting values and increase current to ideal culture matches.
  • Further staff satisfaction.
  • Manage and retain our talent in a competitive market.
  • Develop and grow our people and Countries where we operate especially in Africa.
  • Build our leadership and management capabilities.
  • Further improve human resources (HR) effectiveness and service delivery.
  • Transform our workforce to start to align to the demographics of the African economically active population.

Objectives of Nedbank Malawi, Southern Africa to their Clients:

  • Grow the Retail franchise; become the leader in business banking and maintain a top-three positioning in wholesale banking.
  • Grow primary client status and transactional income streams.
  • Further improve service levels to world-class standards.
  • Manage for value (selective profitable growth) and increase economic profit in all businesses
  • Achieve selective advances growth.
  • Selectively expand into Africa and leverage the Ecobank alliance.

Corporate Social Responsibility of Nedbank Malawi

Nedbank Malawi is involved in the following corporate social investment initiatives:

HIV/AIDS

Nedbank Malawi is a member of the Malawi Business Coalition Against HIV/Aids, which affords the bank access to information on various workplace programmes, including where to obtain resources, technical assistance on workplace programme development, in-house training programmes, research and support – all of which are being applied to help make Nedbank Malawi ‘the best place to work’.

Products and Services at Nedbank Malawi

Corporate Banking at Nedbank Malawi

Nedbank Malawi Corporate Banking Division provides wholesale banking services to corporate clients. Corporate Banking focuses on client-centred delivery of solutions, which include lending, deposit-taking, transactional banking, global trade services, as well as asset-based finance.

Nedbank Malawi Small Business Services

Nedbank Small Business Services provides banking and financial solutions for small businesses. Such services include:

  • Specialised and competitively priced products and services tailored to the specific needs of small businesses.
  • Financing solutions structured for your particular circumstances and needs.
  • Value added services such as business mentorship and free business management seminars.
  • Service efficiency and excellence

Business Banking at Nedbank Malawi

Nedbank Business Banking enables a client to partake in a focused range of products that are supported by superior electronic banking capabilities and a straightforward, professional approach to service. Our clients enjoy the benefits of direct access to financial expertise supported by a client service team and a strong service ethic.

For more information:

www.nedbank.co.za/website

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Indebank Malawi

by nigerian newspapers on October 8, 2010 · 0 comments

is one of the financial institutions operating in Malawi, southern Africa. Indebank Malawi delivers customer oriented service through a skilled and motivated team, with the view of maximizing shareholder value, whilst remaining relevant to the Communities in which we operate”.

Values of Indebank Malawi

  1. Customer Centricity
  2. Professionalism
  3. Fairness
  4. Objectivity
  5. Integrity
  6. Innovation
  7. Respect
  8. Honesty
  9. Team Spirit

For more information:

Head Office

INDEbank House
Kaushiong Road
P.O. Box 358
Blantyre

Telephone: + 265 1 820 055
Fax: +265 1 823 353
E-mail: enquiriesho@indebank.com

Website: www.indebank.com

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NBS Bank Malawi

by nigerian newspapers on October 8, 2010 · 0 comments

which was formerly referred to as the New Building Society was formed following the amalgamation of Central Africa Building Society, Commonwealth Century Building Society and First Permanent Building Society.

The New Building Society had been incorporated under the Building Societies Act on 7th February, 1964. At this time, there was only one branch. Since then, The Society continued to operate under this Act and raised funds from the public and advanced them by way of mortgage loans against the security of land and buildings. Today, NBS Bank is the still market leader in mortgage loans.

NBS Bank Malawi was incorporated as a Limited Company on 14th March 2003, registered under the Banking Act on 1st March 2004, and started its operations on 1st July, 2004 when The New Building Society was dissolved and its operations taken over by the former. NBS Bank Malawi has been a part of many lives for many years in Malawi. Not just assisting customers with home loans – the biggest investment of their lives – but helping them with their dreams too. And we are still the same financial institution you have always trusted.

For more information:

HEAD OFFICE

NBS House
P.O Box 32251
Chichiri, Blantyre 3
Tel: +265 (0)1 876 222/ 231/ 218
Fax: +265 (0)1 875 041
Email: nbs@nbsmw.com

Website: www.nbsmw.com

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Standard Bank Malawi

by nigerian newspapers on October 8, 2010 · 0 comments

in southern Africa is one of the Malawian commercial Banks. The financial institution was registered on 15 March 1969. The first branch was opened in Limbe on 11 April 1970. Standard Bank Malawi is one of the subsidiaries of Standard Bank Group which is one of South Africa’s largest financial groups with presence in 38countries around the world and 18 countries in Africa. Standard Bank Malawi was established as a result of Standard Bank, through its subsidiary Stanbic Africa Holdings, acquiring a 60.18% interest in the Commercial Bank of Malawi Limited to become the majority shareholder. Consequently, Commercial Bank of Malawi Limited changed its name to Stanbic Bank and has made headway in revamping its operations to the international standard of the Standard Bank Group. On 1 June 2007, Stanbic Bank changed its name to Standard Bank Limited in order to realign and positively identify the bank with its parent bank, the Standard Bank Group of South Africa.

Products and Services of Standard Bank Malawi

The business of the bank is divided into two main units:

  • Personal and Business Banking Division
    • Executive Banking
    • Branch based Banking with 19 points of representation.
  • Corporate and Investment Banking Division
    • Corporate Banking
    • Vehicle and Asset-based Financial Services
    • Treasury Management

Website: www.standardbank.co.mw

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ICB Banking Group Malawi

by nigerian newspapers on October 8, 2010 · 0 comments

is one of the commercial in southern Africa. It is one of the subsidiaries of ICB Banking Group. The financial institution can equally be referred to as ICB Financial Group although it is popularly known as International Commercial Bank. The headquarters is located at Switzerland. The group began their operations in Africa in 1996 in Ghana and today has a presence in nine African countries. ICB Malawi opened its first branch in Limbe on the 8th December 2008.ICB Malawi is poised to contribute to the local community by providing innovative products that cater to their needs. ICB will also extend its reach by opening more branches in Blantyre and Lilongwe in the near future.

For more information:

Tel: + 265 1832444   Fax: + 265 1832099

E-mail: enquiry@icb-malawi.com

Address: Stansfield House, Plot BC 92-93
Haile Selassie road,
P.O. Box 437,
Blantyre, Malawi

Website: www.icb-malawi.com

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Malawi savings Bank

by nigerian newspapers on October 7, 2010 · 0 comments

is presently one of the commercial banks operating in Malawi. Malawi Savings Bank has over the year’s provided unwavering financial support to various individuals and institutions in Malawi and Africa at large. The Bank’s head office is located at MSB House, Corner Victoria Avenue & Chilembwe Road, Blantyre, Malawi South eastern Africa.

Business Slogan: Today’s People’s Bank

Mission of Malawi savings Bank

As part of the objectives of Malawi savings Bank, they aim to deliver modern, convenient, superior banking services to their clients, while offering sustainable returns for their shareholders

Vision of Malawi savings Bank

To be a financial institution of first choice, offering a diverse range of banking products and services through hard working and committed management and staff while providing a professionally enriching environment for the employees.

Core values of Malawi savings Bank:

Integrity: To work with honesty at all times

Customer Care: The needs and wants of customers shall be treated with great care

Transparency and accountability: In all what we do we shall be self accountable and transparent

Employee Development: Our conduct of business to be ‘people centred’ for it is the people that make a difference in our organisation. The Bank shall remain committed to the development of its employees and seek to offer them equal opportunities based on merit

Hard work and commitment: Working hard and being committed to achieving set goals shall be everything about us and all that we do

Teamwork: Every employee shall work together in achieving the Bank’s strategic objectives

Corporate Social Responsibility of Malawi savings Bank:

The Bank shall accord attention to issues of the society Malawi Savings Bank has over the year’s provided support to various individuals and institutions as a Corporate Social Responsibility gesture, among them:

  • Banja La Bwino – footbridge between Limbe and Makhetha
  • Blantyre Sports Club Ladies Golf Committee
  • Dzungu Village Development Committee
  • Economics Association of Malawi
  • Ethel Mutharika Foundation
  • Inkosi Ya Makosi Gomani Fund
  • Insurance Institute of Malawi
  • Lions Club of Blantyre
  • Lions Club of Capital City
  • Malawi Broadcasting Corporation
  • Malawi Institute of Purchase and Supply
  • PIM CDSS
  • Rotary Club
  • Sanders Trophy – in Memory of Late Kapito (Golf Tournament)
  • Silver Grey Foundation
  • The Malawi Police Service

For more iformation,

Head office
MSB House, Corner Victoria Avenue & Chilembwe Road
Postal Address
P.O. Box 521, Blantyre
Malawi

Telephones: +265 (0)1 825 111/ +265 (0)1 824 560/ +265 (0)1 823 203
Fax: +265 01 821 929
E-mail: msb@msb.mw

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First Merchant Bank (FMB) Malawi

by nigerian newspapers on October 6, 2010 · 0 comments

First Merchant Bank (FMB) is one of the commercial banks operating in Malawi, south eastern part of Africa. First Merchant Bank (FMB) malawi has, since its establishment, enjoyed rapid growth and is now one of the leading financial services groups in Malawi measured by market capitalisation, market share and profitability. Over the years the group has garnered numerous internationally recognised awards for excellence in its operations.

Branch network of First Merchant Bank (FMB) Malawi

The Malawian bank conducts its banking business through a counrtywide network of 19 branches. These branches are in Blantyre, Limbe, Lilongwe, Capital City Centre, Mzuzu, Zomba, First Corporate Services Branch in Blantyre,  Karonga, Mangochi, Kasungu, Mponela, Mchinji, Dedza, Liwonde and Dwangwa.  Other Branches are located as follows: Chichiri Agency at Chichiri Shopping Mall in Blantyre, Crossroads Agency at Cresta Shopping Mall in Lilongwe, Limbe Agency at Limbe Tobacco Auction Floors in Limbe and Kanengo Agency in the Lilongwe Tobacco Auction Floors.

Products and Services at First Merchant Bank (FMB) Malawi

First Merchant Bank (FMB) Malawi offers a full range of traditional banking services with a flexible and innovative approach focused on serving the needs of its customers.  In addition it offers its customers corporate finance, asset management and transfer secretarial services through a dedicated Capital Markets Division.

Such services include:

  • Personal Products
  • Savings Account
  • Current Account
  • Fixed Deposit Account
  • Foreign Currency Deposit Account
  • Card Services
  • Asset Financing
  • FMB Safe Deposit Lockers

Subsidiaries of First Merchant Bank (FMB) Malawi

  • Leasing and Finance Company of Malawi Limited (‘LFC’), it became a wholly owned subsidiary of in 2002 has been in operation in Malawi since 1986 with branches in Blantyre and Lilongwe.  The acquisition of LFC has enabled the FMB group to offer its clients an expanded range of investment and financing products.
  • First Merchant Bank (FMB) Malawi also has a 51% shareholding in Capital Bank Limited, a Botswana registered company which has been granted a commercial banking licence by Bank of Botswana.

For more information:

www.fmbmalawi.com

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Merchant Bank Ghana (MBG) Limited

by nigerian newspapers on October 3, 2010 · 0 comments

Merchant Bank Ghana Limited (MBG) is a limited liability company and a leading Bank in Accra Ghana in West Africa. The bank became incorporated in August 1971 and commenced business in March 1972 as the first merchant bank in Ghana.

Merchant Bank Ghana Limited (MBG) provides a comprehensive range of banking services to its customers and clients, using its worldwide network of correspondent banks and their agencies. The range of MBG’s banking services includes:

  • Corporate and Institutional Banking
    • Domestic and International Banking Operations for Corporate Customers
  • Business Banking
    • For Small & Medium Enterprises (SMEs)
  • Personal Banking
    • For individuals and High Net-worth customers
  • Investment Banking
  • Treasury and Money and Capital Market Operations
  • Trade Finance and
  • Foreign Remittances

Subsidiaries of Merchant Bank Ghana Limited

Dynamic investment markets demand dynamic investment solutions. Investments offer higher potential returns over the longer term than secure form of saving. Their specialized departments have the expertise to create investment solutions that consistently deliver on promise.

The Merchant Bank Ghana has two wholly owned specialized subsidiaries namely;

  • Merban Investment Holdings Limited (MIHL)
    • dealing in Funds/Portfolio Management, Money Market Operations, Investment Advisory Services, Trustee Services and Custodial and Nominee Services;
  • Merban Stockbrokers Limited (MSL )
    • dealing in Brokerage Services, Underwriting of new Issues, and Investor Search & Joint Venture Arrangement; and

The MBG group also has the following additional specialist services tailored to meet its customers’ needs:

  • Registrar Services
    • maintaining records of Shareholders and Creditors, facilitating dividend payments to Shareholders; and
  • Corporate Finance & Advisory Services (CFAS)
    • handling Corporate restructuring, Joint Venture Arrangement, Company
      Valuation, Project Finance; Funds Sourcing, Issuing House Services and General Financial Advisory Services.

Products and Services of Merchant Bank, Ghana:

Merchant Bank Safe Custody
Merban Safe custody is where they keep your items that are of substantial value. For every client depositing securities, they set up what is called custody account. Safe Custody Services provide a facility to have your valuable documents and possessions secured in a safe place. Arrangements can be made with your nearest Merchant bank branch to store your valuables.

Overnight Safe
As you close for the day’s businesses with little time to balance your books, they provide overnight safe services to ensure that your money is safe and secure till the next day.

Merban Standing Instructions
With a hectic schedule, their standing instruction is designed to save you time and effort when making regular payments such as utility bills. By simply providing your local Merchant Bank branch with written instructions authorizing them to transfer funds on a specific date from your account to another account, you will have made your routine payments without stress. Moreover, account statements/passbooks will help you keep track of all your transactions to date.

Merchant Bank Ghana Travellers Cheque
Merban traveler’s Cheque is a reliable means of payment and receiving of cash while traveling abroad – it contains the Client’s signature, and no one, but the owner of the Cheque, can use it. At Merchant Bank you can get the traveler’s cheques for any amount you need


Cash Delivery & Collection
Cash Collection is a reliable cash pick-up service provided on the customer’s site. Merchant Bank Ghana helps you reduce risk in cash handling after close of business or anytime needed. Cash will be picked up by a professional courier at your site and delivered to our nearest branch. Additionally, they provide Cash Delivery service to your branch and/or retail outlet as per specific instruction.  Your centralized account with them will be credited immediately.

Benefits

Reduced risk: Merchant Bank will be responsible for cash handling from your site(s) to the bank.

Simplified bank account: Only one account is needed to handle cash collection throughout the country. This method reduces the volume of idle funds in various bank accounts.

Simplified process: Your deposit information is sent to you at the end of the day for daily reconciliation.

Payment of Salaries
Processing salaries of staff can be a real headache at the close of each month. ‘Because we understand that the business of business must be business, our salary-processing package takes care of that entire headache for you’.

Registrar services
A unique specialized department offering the following services;

  1. Registration of Members of a company
  2. Maintaining records of shareholders and creditors
  3. Preparing share/bond certificates and the registration of transfer of ownership in respect of equity bond
  4. Share transfer and issues
  5. Organising annual General meetings
  6. Payment of dividends and interest to investors
  7. Dealing with correspondence pertaining to members of shareholders.

Contact:

Corporate Headquarters

Merban House – No 44 Kwame Nkrumah Avenue, Accra
POB 401, Accra, Ghana
Phone: 233-21-666331-6
Fax: 233-21-667305

Website: www.merchantbank.com.gh

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SG-SSB Ltd Ghana

by nigerian newspapers on October 3, 2010 · 1 comment

SG-SSB Ltd, Ghana is a strong local bank, has been one of the leading . The name “SG-SSB” stands for “Société Générale – Social Security Bank“; the bank is part of the Société Générale banking group. The bank is based in Accra and its stock is listed on the Ghana Stock Exchange. SG-SSB Ltd operates 37-networked branches across the country and serves corporate customers, Individuals and Small and Medium Enterprises (SMEs). The Ghanaian bank was incorporated on 7th February, 1975 as “Security Guarantee Trust Limited” and the name was established as SSB on 24 February, 1976. Licence was granted on 17th September 1976 and it resumed operations officially on 17 septembern1977. There was a merger with National Savings and Credit Bank (NS&C) Bank on 3 May, 1994. On 31st of March 2004, SSB Bank became known as SG-SSB LTD.

SG-SSB Ltd is a privately owned publicly listed company on the Ghana Stock Exchange with 37 branches throughout the country. It is one of the most profitable banks in Ghana and the dominant bank in the Western Region of Africa .The Bank operates in the Retail, Corporate and Small and Medium scale Enterprise banking markets.

  • · SG-SSB Ghana was the first bank to introduce the following products in the country:

    · Doorstep Banking, the physical collection of cash at the doorstep of corporate customers.
    · Special Farmers Loan whereby Cocoa farmers are given pre-harvest financing.
    · Consumer Credit Loan Scheme for workers.
    · Sika Card, the first electronic smart card in Ghana.
    · Sikatel, the first banking access by phone in Ghana
    · Sikatext: Banking information by SMS.

  • · In Africa, SG-SSB’s relationship with Société Générale puts at your service, 12 subsidiaries out of which nine: Senegal, Côte d’Ivoire, Guinea, Equatorial Guinea, Burkina Faso, Benin, Chad and Cameroon, are in West and Central Africa.

Social Responsibility of SG-SSB, Ghana:

SG-SSB Ghana, a socially responsible corporate body continually demonstrates its support for the communities it operates in through its Donations and Sponsorship programmes

Mission of SG-SSB, Ghana:

The mission of SG-SSB Ltd, Ghana is to create the preferred banking institution, which employs professionalism, teamwork and innovation to provide quality products and services that best satisfy the needs of our customers.

Products and Services of SG-SSB, Ghana:

The Corporate Banking Unit ensures dedicated services to corporate customers in a timely manner, providing a single window into the Bank for all banking and financial transactions through an experienced Corporate Account Relationship Manager. These managers review needs spanning credit requests, cash management, investments and treasury placements in all major international currencies.

The Small and Medium Scale Enterprises (SME) Department is specially structured to meet the banking needs of Small and Medium Scale businesses. A team of professionals spread countrywide are available to provide flexible solutions to meet clients banking requirements, applying experience and pooling resources from Société Générale network.

SG-SSB is prepared to serve as your reliable partner, applying experience and pooling expertise from the Société Générale network to help you achieve your business objectives. The International Business Centre [IBC] has been instituted to offer a one-stop shop for all international banking services. A team of highly trained Impex Managers located at Faanofa Branch and in Kumasi and Takoradi will be ready to assist you. As part of the Société Générale Group, they offer their valued customers an added benefit of international reach to over 80 countries around the globe including 13 countries in North, West and Central Africa including Senegal, Burkina Faso, Chad, Benin, Cameroon, Ivory Coast, Guinea and Madagascar to mention a few.

Contact:

www.sg-ssb.com.gh

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