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FMB optimistic of better second half

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Malawi Stock Exchange listed commercial bank, FMB, says it sees improved business activities in the second half of 2016.

FMB Group General Manager for Corporate, Commercial and Business Banking, Phillip Madinga, said the bank has already started seeing increased business traffic following the launch of a number of customer promotions in the corporate, commercial, business and private banking.

Currently, the bank is running a number of initiatives, including the ‘Switch to More Rewards’ promotion. Among other prizes, the promotion is dangling a grand cash prize of K1 million to customers who open a savings account, current account or register on FMB Mobile and internet banking.

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In addition, FMB is also running the ‘ATM ndi Banki Yanga’ promotion which started on August 1 and will run to October 31.

“The promotion aims to optimise usage of the ATM as an alternative platform formaking cash withdrawals, paying bills and making airtime top ups for both TNM and Airtel.

“The other objective is to increase the number of customers with ATM cards to complement the ATM usage campaign,” said Madinga.

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He observed that since the launch of the promotions, there has been excitement among both existing and prospective customers leading to increased interest in FMB products and services.

“We are impressed as a bank with the excitement created by thepromotions and we urge all those who have not entered the promotions to try their luck and stand a chance to win various prizes on offer, while at the same time experiencing the simplicity and convenience of our products and services” Madinga said.

He added: “Customers can also enjoy our friendly customer service through our dedicated relationship managers and sales team in corporate banking, government, international organisations and NGOs, as well as business and private banking who are ably supported by our specialists from treasury for who facilitate forex and import payment requirements, and alternate channels team for all their digital banking solutions.”

FMB is a public limited liability company which started operations in1995, it has two wholly owned subsidiaries incorporated in Malawi, the Leasing and Finance Company of Malawi Limited, a licensed financial institution engaged in deposit taking and asset financing and FMBCapital Markets Limited, a licensed portfolio manager.

Beyond the borders, FMB has stakes in Capital Bank in Botswana, Capital Bank in Mozambique and First Capital Bank in Zambia.

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