Malawi Stock Exchange (MSE)-listed National Bank of Malawi (NBM) on Tuesday made a donation of K3 million to go towards preparations for this year’s Bankers Association of Malawi (Bam) Annual General Meeting.
NBM General Manager and Head of Wholesale Banking Division, Harold Jiya, made a symbolic cheque presentation to Bam officials at the bank’s head offices in Blantyre.
Jiya said NBM decided to make the donation because the conference will address some of the challenges banks in the country are facing.
“The industry is facing some external challenges and these can best be addressed if banks work together,” Jiya said.
He singled out energy woes and network disruptions as some of the challenges affecting the sector.
Receiving the donation, Bam Head of Finance, Chifundo M’maniwa, commended the bank for the gesture. He said the money would meet the shortfall the association had for the conference to be successful.
“The funds will help in covering some expenses at the indaba. We want to find lasting solutions to challenges banks are facing,” he said.