NBS Bank

NBS Bank

Type	Public: MAL: NBS
Industry	Banking
Headquarters	Blantyre, Malawi
Key people	Felix Mlusu, Chairman J.Bizwick, CEO
Products	Loans, Savings, Checking, Investments, Debit cards, Credit cards, Mortgages
Revenue	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^[update], 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 1 NICO Holdings Limited 60.0 2 Public 28.7 3 National Investment Trust Limited of Malawi 08.1 4 Employee Share Ownership Plan 03.2 Total 100.0 Branches and departments As of October 2010[update], the bank maintains branches at the following locations: [5] 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 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 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 See also List of banks in Malawi Economy of Malawi Reserve Bank of Malawi Malawi Stock Exchange References ^ List of Licensed Commercial Banks In Malawi ^ Names of Listed Companies On Malawi Stock Exchange ^ History of NBS Bank ^ Shareholding In NBS Bank ^ Branches of NBS Bank External links Website of NBS Bank Website of Reserve Bank of Malawi Website of Malawi Stock Exchange