NBS Bank spends K70 million in war vets golf


NBS Bank has pledged to continue bankrolling the Malawi Defence Force (MDF) War Veterans golf tournament forever, saying the welfare of the veteran soldiers should be a priority of the nation.

The bank’s Chief Executive Officer Kwanele Ngwenya said they have spent about K70 million on sponsoring the War Veterans Charity golf in the last four years. The remarks follow the just ended Thanksgiving War Veterans Charity Golf tournament which was held at Lilongwe Golf Club.

President Lazarus Chakwera and Vice President Saulos Chilima took part in the charity golf.


Ngwenya said they were compelled to assist as the funds realised through the tournament go towards improving the welfare of retired soldiers, who sacrificed a lot by being in service for the nation.

“Their welfare should, therefore, be a priority for us as a nation; and as NBS Bank, we are proud to be at the centre of this worthy cause. We promise to support this cause forever as we have been doing in the past four years where we have pumped in almost K70 million. We are here to stay and support our war veterans,” Ngwenya said.

During this year’s golf tournament, NBS Bank contributed K30 million, of which K10 million went directly to the War Veterans Fund.


“As a Malawian bank we want to show our appreciation to the war veterans for their role in bringing independence to the country. This is why we have committed that we will continue supporting this cause in future,” Ngwenya said.

He said as a caring bank, NBS Bank plc has a wide range of products that will help the military retirees and civilians to make investments during their retirement.

He highlighted the Bid Bond Return Guarantees, Asset Financing, Mortgages and Purchase Order Financing, and personal digital loans as some of the financial solutions the retirees can benefit from the bank.

President Chakwera called for more support to the war veterans who he said ‘answered a call to national duty in fulfilling the greater need of global peace’.

During the golf tournament, a team comprising Solicitor Botha and Helmant Baghat and sponsored by Pham Vet emerged winners with 47 points while an NBS Bank sponsored team of Justice Ken Manda and Mervin Donga came second after being counted out.

Another NBS sponsored team comprising Lilongwe Golf Club captain Duncan Chidzankufa and Harold Phiri came third with 45 points.

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