Functions and Mandate

The Bankers Association of Malawi aims at fulfilling the following objectives;

The Bankers Association of Malawi (BAM) is dedicated to strengthening a reputable and professional banking sector that serves and supports the aspirations of Malawians who place their trust and resources in member banks. Through proactive advocacy, policy leadership, and thought leadership, BAM aims to foster a resilient, competitive, and forward-looking banking industry that benefits all citizens and contributes to national economic growth. BAM’s mandate encompasses several key areas

Communication and Representation
  • BAM serves as the central communication hub between member banks and essential stakeholders, including the Malawi Government, the Reserve Bank of Malawi, the press, and the general public.
  • The Association represents the collective views and concerns of its member banks, advocating on matters that impact the banking sector’s activities, regulatory environment, and growth potential.
Promotion and Collaboration
  • BAM addresses and promotes issues critical to its members, advocating for a policy and operational environment that supports the growth and sustainability of the banking sector.
  • By encouraging collaboration among member banks, BAM strengthens the unity and collective capabilities of the sector, enabling a more resilient and adaptive banking community.
Professional Development and Capacity Building
  • BAM is committed to promoting, protecting, and advancing the professional standards, skills, and business interests of its member banks, ensuring a high level of competency and professionalism within the industry.
  • BAM offers recognized banking examinations and professional certifications, enhancing the qualifications of banking personnel and supporting talent development within the sector.