Centenary Bank officially unveiled
By Wezzie Gausi:
Centenary Bank, formerly Mybucks Banking Corporation, has affirmed commitment towards providing top quality financial services to customers while substantially contributing to the national development agenda.
This was said on Wednesday in Lilongwe at a ceremony marking the unveiling of the new brand, months after the Reserve Bank of Malawi (RBM) gave a nod to the acquisition of the bank by Centenary Rural Development Group Limited of Uganda and the Catholic Archdiocese of Lilongwe.
Centenary Group now holds a 51 percent stake in the bank while the Archdiocese of Lilongwe has 49 percent shareholding.
Centenary Group Chairperson John Ddumba said the bank is already working on expanding its footprint across the country while diversifying its products and services range.
“The bank will bring unique services to the country. Our banking services will accommodate all people,” Ddumba said.
Archbishop for Lilongwe Archdiocese George Desmond Tambala said the bank will enhance its contribution towards the financial inclusion agenda.
RBM Deputy Governor William Matambo hailed the bank for outlining aspirations that are in line with the country’s ambition of creating wealth for all.
He called on commercial banks to remain vigilant in contributing toward national economic growth and in line with aspirations embedded in the country’s long-term development blueprint, the Malawi 2063.
“Time has come for banks to start thinking of the welfare of the people and the communities they serve. It is also of paramount importance that they refocus on getting to rural areas,” Matambo said.
Centenary Bank was officially registered in the country on March 6 2023.