Bankers Association of Malawi (BAM) wishes to advise the general public that during the 87th BAM Council Meeting that was held on 12th September 2019 at its secretariat, members elected BAM’s new 2nd Vice President following the resignation of Mr. Eric Ouattara as BAM’s 1st Vice President. The new Executive Committee members are as follows: …
All is set for a two-day agri-business conference organised by the Bankers Association of Malawi (Bam) in Lilongwe mid July. The indaba will offer an opportunity to key stakeholders from the country’s agriculture sector to brainstorm on measures for improving the sector’s input to the economy. Among other topics include agri-business for economic growth in …
First Merchant Bank (FMB) were crowned champions of the Bankers Association of Malawi (Bam) Sports Day for the third consecutive year at College of Medicine Sports Complex in Blantyre on Saturday. The event attracted bankers from different banks in the country who competed in various sporting disciplines. FMB emerged champions in volleyball and football before …
A Saturday of intense action ended in great victory for First Merchant Bank (FMB) as they emerged overall champions of the Bankers Sports Day at College of Medicine (CoM) Sports Complex in Blantyre. FMB won in several sports disciplines in the event that had 11 banks competing. FMB triumphed in; volleyball, 100-metresprints and also finished …
The Farmers Organisation Limited (FOL) has said sufficiently financing the agriculture sector is essential for the realisation of farmers’ dreams of reaping maximum benefits from their toil. FOL Retail Sales and Marketing Manager, Hannock Madeira, said they are doing everything possible to ensure farmers’ needs are met, especially in the wake of climate change.Madeira made …
‘Financing critical in revamping productive agriculture ’-FOL Read More »
The Bankers Association of Malawi (BAM), a grouping of commercial banks, says it expects interest rates for both loans and deposits to improve in view of a favourable economic environment. In July this year, the Reserve Bank of Malawi (RBM) reduced the policy rate by 400 basis points from 22 percent to 18 percent and …
Bankers Association positive on interest rate environment Read More »
Bankers Association of Malawi (BAM) has called for the financial education and training for the youth in order to build a better nation. BAM Chief Executive Officer Violette Santhe said in an interview that population is skewing towards the youth and statistics show that 75% of the population in Malawi is composed of the youth …
The Bankers Association of Malawi (BAM) has said the country is too disorganised to compete favourably on the intemational market. BAM President Misheck Esau said this during a private sector interface with President Peter Mutharika in Lilongwe recently. Esau said presently countries are in competition with each other for foreign direct investment and trade opportunities. …
The Bankers Association of Malawi (BAM) has welcomed government move to introduce zero coupon bonds to contractors and suppliers who are owed by the government. Minister of Finance Goodall Gondwe announced in parliament last week that the government will issue zero coupon bonds to contractors and suppliers who are owed huge sums by the government …
Bankers Association of Malawi (BAM) has said commercial banks will deal with money laundering in the country by using the Money Laundering Act which was enacted a few years ago. BAM said it will continue asking for customers’ personal details which include physical and postal addresses, utility bills, customer registration certificate, that’s for business entities, …
Malawi commercial banks to fight against money laundering Read More »
