NBS Bank

NBS Bank
Public: MAL: NBS
Industry Banking
Headquarters Blantyre, Malawi
Key people
 Felix Mlusu, Chairman
B.Mandoloma, CEO
Products Loans, Savings, Checking, Investments, Debit cards, Credit cards, Mortgages
Revenue Increase Aftertax:US$5.3+ million (2009)
Total assets US$192+ million (2009)
Website Homepage

NBS Bank Limited, commonly referred to as NBS Bank, is a commercial bank in Malawi. It is one of the eleven (11) commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.[1]

Overview

NBS Bank is a midsized retail bank in Malawi. As of December 2009, the bank's asset base was in excess of US$192 million. The stock of the bank is traded on the Malawi Stock Exchange, where it trades under the symbol NBS.[2]

History

In 1964, Central Africa Building Society, Commonwealth Century Building Society and First Permanent Building Society merged to form New Building Society (NBS). The institution converted into a commercial bank in 2004, following the issuance of a banking license by the Reserve Bank of Malawi, the national banking regulator.[3]

Ownership

The shareholders in the stock of NBS Bank include three (3) corporate entities and the general public. The detailed shareholding in the bank is outlined in the table below: [4]

Shareholding in NBS Bank
Rank Shareholder Percentage Ownership
1NICO Holdings Limited50.0
2Public 21.7
3National Investment Trust Limited of Malawi08.1
4Employee Share Ownership Plan03.2
5International Finance Corporation (IFC) a division of the World Bank Group17.0

Branches and departments

As of October 2010, the bank maintains branches at the following locations: [5]

  1. Main Branch - Blantyre, Malawi
  2. Haile Selassie Avenue - Haile Selassie Avenue, Blantyre
  3. Ginnery Corner Branch - Ginnery Corner, Blantyre
  4. Limbe Branch - Limbe
  5. Zomba Branch - Zomba
  6. Mangochi Branch - Mangochi
  7. Mulanje Branch - Mulanje
  8. Lilongwe Branch - Lilongwe
  9. Capital City Branch - Lilongwe
  10. Mzuzu Branch - Mzuzu
  11. Kasungu Branch - Kasungu
  12. Karonga Branch - Karonga
  13. Mortgage Department - Head Office, Ginnery Corner, Blantyre
  14. Credit Department - Head Office, Ginnery Corner, Blantyre
  15. Asset Finance Deapartment - Head Office, Ginnery Corner, Blantyre
  16. Corporate Department - Head Office, Blantyre, Blantyre
  17. Corporate Deapartment- Head Office, Lilongwe
  18. SME Department - Head Office, Blantyre, Blantyre
  19. Legal Department - Head Office, Ginnery Corner, Blantyre
  20. Risk Department - Head Office, Blantyre, Blantyre
  21. Operations Department - Head Office, Blantyre, Blantyre
  22. Marketing and Communications Department-Head Office,Blantyre
  23. Personal and Business Banking-Head Office, Blantyre
  24. IT Department - Head Office, Ginnery Corner, Blantyre
  25. Retail Department - Head Office, Ginnery Corner, Blantyre
  26. Finance Department - Head Office, Ginnery Corner, Blantyre
  27. Archives Department - Head Office, Ginnery Corner, Blantyre
  28. Internal Audit Department - Head Office, Blantyre, Blantyre
  29. Women's' Program Department-Head Office, Chichiri, Blantyre
  30. Treasury and International Trade Department - Head Office, Ginnery Corner, Blantyre
  31. Mchinji Branch - Mchinji

See also

References

  1. ↑ List of Licensed Commercial Banks In Malawi
  2. ↑ Names of Listed Companies On Malawi Stock Exchange
  3. ↑ History of NBS Bank
  4. ↑ Shareholding In NBS Bank
  5. ↑ Branches of NBS Bank
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