Malawi Savings Bank
Encyclopedia
Malawi Savings Bank , is a a commercial bank
in Malawi
. It is one of the eleven (11) commercial banks licensed by the Reserve Bank of Malawi
, the national banking regulator. The bank is 100% owned by the Government of Malawi.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Malawi
Malawi
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast, and Mozambique on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. Its size...
. It is one of the eleven (11) commercial banks licensed by the Reserve Bank of Malawi
Reserve Bank of Malawi
The Reserve Bank of Malawi is the central bank of Malawi.-See also:*Central banks and currencies of Africa*Economy of Malawi*List of central banks-External links:* at www.rbm.mw...
, the national banking regulator. The bank is 100% owned by the Government of Malawi.