Type Public: MAL: NBS Total assets US$192+ million (2009) Parent organization NICO Holdings Limited | Industry Banking Headquarters Blantyre | |
Key people Felix Mlusu, Chairman
B.Mandoloma, CEO Products Loans, Savings, Checking, Investments, Debit cards, Credit cards, Mortgages Revenue Aftertax:US$5.3+ million (2009) | ||
Making it happen esnat products manager nbs bank malawi
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.
Contents
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.
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.
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:
Branches and departments
As of October 2010, the bank maintains branches at the following locations:
- Main Branch - Blantyre, Malawi
- Haile Selassie Avenue - Haile Selassie Avenue, Blantyre
- Ginnery Corner Branch - Ginnery Corner, Blantyre
- Limbe Branch - Limbe
- Zomba Branch - Zomba
- Mangochi Branch - Mangochi
- Mulanje Branch - Mulanje
- Lilongwe Branch - Lilongwe
- Capital City Branch - Lilongwe
- Mzuzu Branch - Mzuzu
- Kasungu Branch - Kasungu
- Karonga Branch - Karonga
- Mortgage Department - Head Office, Ginnery Corner, Blantyre
- Credit Department - Head Office, Ginnery Corner, Blantyre
- Asset Finance Deapartment - Head Office, Ginnery Corner, Blantyre
- Corporate Department - Head Office, Blantyre, Blantyre
- Corporate Deapartment- Head Office, Lilongwe
- SME Department - Head Office, Blantyre, Blantyre
- Legal Department - Head Office, Ginnery Corner, Blantyre
- Risk Department - Head Office, Blantyre, Blantyre
- Operations Department - Head Office, Blantyre, Blantyre
- Marketing and Communications Department-Head Office,Blantyre
- Personal and Business Banking-Head Office, Blantyre
- IT Department - Head Office, Ginnery Corner, Blantyre
- Retail Department - Head Office, Ginnery Corner, Blantyre
- Finance Department - Head Office, Ginnery Corner, Blantyre
- Archives Department - Head Office, Ginnery Corner, Blantyre
- Internal Audit Department - Head Office, Blantyre, Blantyre
- Women's' Program Department-Head Office, Chichiri, Blantyre
- Treasury and International Trade Department - Head Office, Ginnery Corner, Blantyre
- Mchinji Branch - Mchinji