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NBS Bank in employee industrial training - 19/07/2010 To equip employees with skills and knowledge of industrial relations, NBS Bank Limited organised a three-day industrial relations workshop for 36 of its employees from various branches across the country. NBS Bank head of human resources and administration Richard Kanjawa said the bank believes in employee empowerment since they are partners as far as industrial relations are concerned. >>>> ___________________________________________________________ Kayange, Fisha rule Mulanje Porters' Race - 13/07/2010 After three years of trying, John Kayange finally got it right when his six months of intensive training saw him clinch the 2010 Mulanje Porters' Race championship title in the men's category. The Lilongwe-based soldier (Kayange) was the centre of attraction as he stormed to the finish line of the 25-kilometre race in 2 hours 08 minutes 45 seconds with Doris Fisha earning the ladies' category gold in 2:39:14. >>>> ___________________________________________________________ NBS Bank half yearly profits rise to 50% - 13/07/2010 NBS Bank Limited, the Malawi Stock Exchange (MSE)-listed subsidiary of NICO Holdings Limited, says its half-yearly after-tax profit for the year ending June 30 2010 is expected to be over 50 percent higher than what was achieved during the same period last year. NBS Bank is 60 percent owned by Nico Holdings Limited, a financial services group which has indicated that its profit-after tax for the half year ending June 30 2010 is projected to be 80 percent above results for the same period last year. >>>> ___________________________________________________________ NBS Bank to recapitalise - 27/04/2010 NBS Bank, one of the four commercial banks listed on the Malawi Stock Exchange (MSE), says it will increase its capital through a rights issue to meet the Reserve Bank of Malawi (RBM) minimum capital requirement for commercial banks. In a statement announcing the bank's annual general meeting, NBS Bank company secretary Martin Ndenya said the recapitalisation will be discussed for approval at the bank's sixth annual general meeting in Blantyre on May 13 2010. The rights issue—an arrangement where a company sells new shares to existing shareholders in proportion to their current shareholding—is expected to increase NBS Bank's share capital by 133.3 million being one share for every 3.7 ordinary shares held. >>>> ___________________________________________________________ NBS Bank woos tobacco farmers to open accounts - 05/02/2010 World Bank President Robert Zoellick says a project his institution is implementing through a line of credit with Malawi's NBS Bank has become one of the outstanding small and medium scale financing projects on the continent. Addressing the African Union Summit in Addis Ababa, Ethiopia last weekend, Zoellick said the World Bank, through its private sector investment International Finance Corporation (IFC), made available a US$7 million (Kl billion) line of credit and enabled it to access a network of international banks to support the SME sector in Malawi. >>>> ___________________________________________________________ NBS Bank woos tobacco farmers to open accounts - 28/01/2010 With the growing season in progress, NBS Bank has introduced a promotion called Tobacco Farmers Account Opening which started on 25 January and will end on March 30 this year. >>>> ___________________________________________________________ New deal for tobacco farmers - 17/11/2009 NBS Bank opens foreign currency denominated accounts to growers ___________________________________________________________ Mzuzu farmer wins NBS Nissan Pickup - 03/11/2009 Mzuzu based Vyson Mvuia became a proud owner of a brand new Nissan pick-up after emerging the overall winner in the Tobacco Farmers Fixed Deposit promotion organised by NBS Bank between March and October. >>>> ___________________________________________________________
Malawi for the first time has a bank that will be able to be directly offer credit card services that works in all countries. >>>> ____________________________________________________________ NBS Bank now offering credit card services - 09/10/2009 Malawi’s NBS bank continues to advance innovations to satisfy the needs of its customers. The bank has since launched first ever Visa Credit card on Malawi‘s local market with great functionalities. It means Malawians will now pay for goods and services without having to carry loads of hard cash following the launch of the card in Blantyre. >>>> ___________________________________________________________
NBS Bank Limited, the Malawi Stock Exchange-listed subsidiary of NICO Holdings Limited, has reported a 26 percent after-tax profit rise to K420 million from K333 million in the half year ended June 30, 2009 largely attributed to a 48 percent increase in net interest income. >>>> ____________________________________________________________ NBS Bank opens Neno Agency - 07/09/2009 Neno, declared district in 2004, lags behind in development. It is a district engulfed in many problems among them transport. The road to the district is very poor, bumpy and not yet tarred. It is now different story for the district because NBS Bank officially opened its agency there. >>>> ____________________________________________________________ NBS unveils insurance financing facility - 21/07/2009 NBS Bank has unveiled the Insurance Premium Financing, a credit line that clients can access to pay for their insurance premiums. NBS Bank asset finance manager William Yafete said the facility is aimed at providing flexibility to Malawians in as far as settling insurance premiums is concerned. Yafete said, through the initative, the bank will be paying the rull amount of insurance premium to an insurer and will allow the client to ssquare the amount in monthly instalments. >>>> ____________________________________________________________ NBS Bank trains 30 women - 21/07/2009 About 30 small and medium scale women entrepreneurs on 18th June ended a three-day NBS Bank-organised training workshop on financial access. >>>> ____________________________________________________________ NBS, IFC in women business promotion - 21/07/2009 NBS Bank has teamed up with the International Finance Corporation of the World Bank in a programme aimed at promoting women-owned businesses in the country. NBS Bank Branch Manager for Lilongwe Mercy Haja disclosed this in Lilongwe this week when the bank held a three-day business training workshop for women entrepreneurs. Under the facility, women entrepreneurs who are customers of the bank are being trained in business management and those who manage to come up with viable business plans and proposals after the training are given loans. >>>> ____________________________________________________________ NBS Bank Profits Jump by 195% - 21/07/2009 NBS Bank Limited has reported a 195 percent jump in after-tax-profits for the year ended December 31, 2008 buoyed by improved business activities, the bank said in a statement. In its financial statement released. NBS Bank said its after tax profits rose from K264 million earned in 2007 to K779 million last year. >>>>
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NBS Bank Credit card ignites trade opportunities
NBS Bank posts 26% profit jump |
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