NBS Bank
Encyclopedia
NBS Bank Limited, commonly referred to as NBS Bank, is 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's asset base was in excess of US$192 million. The stock
of the bank is traded on the Malawi Stock Exchange
, where it trades under the symbol NBS.
, the national banking regulator.
of NBS Bank include three (3) corporate entities and the general public. The detailed shareholding in the bank is outlined in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Shareholding in NBS Bank
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||NICO Holdings Limited||60.0
|-
|2||Public ||28.7
|-
|3||National Investment Trust Limited of Malawi||08.1
|-
|4||Employee Share Ownership Plan||03.2
|-
| ||Total||100.0
|-
|}
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.
Overview
NBS Bank is a midsized retail bank in MalawiMalawi
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...
. , the bank's asset base was in excess of US$192 million. The stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of the bank is traded on the Malawi Stock Exchange
Malawi Stock Exchange
The Malawi Stock Exchange is a fully fledged stock market, with a single licensed broker. It was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2300 Malawian citizens buying shares in the first company...
, where it trades under the symbol NBS.
History
In 1964, Central Africa Building Society, Commonwealth Century Building Society and First Permanent Building Society merged to form New Building Society (NBS). The institution converted into a commercial bank in 2004, following the issuance of a banking license by the Reserve Bank of MalawiReserve 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.
Ownership
The shareholders in the stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of NBS Bank include three (3) corporate entities and the general public. The detailed shareholding in the bank is outlined in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Shareholding in NBS Bank
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" | Rank !! Shareholder !!Percentage Ownership
|-
|1||NICO Holdings Limited||60.0
|-
|2||Public ||28.7
|-
|3||National Investment Trust Limited of Malawi||08.1
|-
|4||Employee Share Ownership Plan||03.2
|-
| ||Total||100.0
|-
|}
Branches and departments
, the bank maintains branches at the following locations:- Main Branch - Blantyre, MalawiBlantyre, MalawiBlantyre or Mandala is Malawi's centre of finance and commerce, the largest city with an estimated 732,518 inhabitants . It is sometimes referred to as the commercial capital of Malawi as opposed to the political capital, Lilongwe...
- Haile Selassie Avenue - Haile Selassie Avenue, Blantyre
- Ginnery Corner Branch - Ginnery Corner, Blantyre
- Limbe Branch - LimbeLimbe, MalawiLimbe is a town in Malawi. It is located in Blantyre District. It is the operational headquarters and workshops for Malawi Railways.- Overview :Limbe is 7 miles east of Blantyre and was founded in 1909. Blantyre Briefly merged with Limbe in 1956....
- Zomba Branch - ZombaZombaZomba is a city in southern Malawi, in the Shire Highlands. It is the administrative capital of Zomba District.It was the capital of first British Central Africa and then Nyasaland before the establishment of the Republic of Malawi in 1964. It was also the first capital of Malawi and remained so...
- Mangochi Branch - MangochiMangochiMangochi is a township in the Southern Region of Malawi. Located near the southern end of Lake Malawi, in colonial times it used to be called Fort Johnston. As of 2008 it has a population of 51,429.-History:...
- Mulanje Branch - MulanjeMulanjeMulanje is a town in the Southern Region of Malawi close to the border of Mozambique. It is near the Mulanje Massif.Mulanje is the headquarters of the conservation group, the Mulanje Mountain Conservation Trust....
- Lilongwe Branch - LilongweLilongweLilongwe, estimated population 902,388 as of 2009, is the capital and largest city of Malawi. It lies in the country's central region, on the Lilongwe River, near the border of Malawi, Mozambique, and Zambia, and on the main north-south highway of Malawi, the M1.-History:The city started life as a...
- Capital City Branch - LilongweLilongweLilongwe, estimated population 902,388 as of 2009, is the capital and largest city of Malawi. It lies in the country's central region, on the Lilongwe River, near the border of Malawi, Mozambique, and Zambia, and on the main north-south highway of Malawi, the M1.-History:The city started life as a...
- Mzuzu Branch - MzuzuMzuzuMzuzu is the capital of Malawi's Northern Region and is the third largest city, by population, in Malawi. The City has 128,432 residents plus 20,000 commuters with about 1.7 million people living around the outskirts of the city...
- Kasungu Branch - KasunguKasunguKasungu is a town in the Kasungu District of the Central Region of Malawi. The population of Kasungu is estimated to be 59,696 as of 2008.Kasungu is approximately north-west of the capital of Malawi, Lilongwe, and is east of Kasungu National Park...
- Karonga Branch - KarongaKarongaKaronga is a township in the Karonga District in Northern Region of Malawi. Located on the western shore of Lake Nyasa, it was established as a slaving centre sometime before 1877. As of 2008 estimates, Karonga has a population of 42,555.-History:...
- Mortgage Department - Head Office, Ginnery Corner, Blantyre
- Credit Department - Head Office, Ginnery Corner, Blantyre
- Asset Finance Deapartment - Head Office, Ginnery Corner, Blantyre
- Corporate Department - Head Office, Blantyre, Blantyre
- SME Department - Head Office, Blantyre, Blantyre
- Legal Department - Head Office, Ginnery Corner, Blantyre
- Risk Department - Head Office, Blantyre, Blantyre
- Operations Department - Head Office, Blantyre, Blantyre
- IT Department - Head Office, Ginnery Corner, Blantyre
- Retail Department - Head Office, Ginnery Corner, Blantyre
- Finance Department - Head Office, Ginnery Corner, Blantyre
- Archives Department - Head Office, Ginnery Corner, Blantyre
- Internal Audit Department - Head Office, Blantyre, Blantyre
- Women's' Program Department-Head Office, Chichiri, Blantyre
- Treasury and International Trade Department - Head Office, Ginnery Corner, Blantyre
- Mchinji Branch - MchinjiMchinjiMchinji is a town in the Mchinji District of the Central Region of Malawi. As of 2008 estimates, Mchinji has a population of 25,184. The area's economy is sustained by rain-fed agriculture, although the town is currently in the midst of a food crisis. Mchinji is also a major railroad junction,...
See also
- List of banks in Malawi
- Economy of MalawiEconomy of MalawiThe economy of Malawi is predominantly agricultural, with about 90% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's least developed countries. Agriculture accounts for 37% of GDP and 85% of export revenues...
- Reserve Bank of MalawiReserve Bank of MalawiThe 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...
- Malawi Stock ExchangeMalawi Stock ExchangeThe Malawi Stock Exchange is a fully fledged stock market, with a single licensed broker. It was inaugurated in March 1995 and opened for business for the first time on 11 November 1996, under the aegis of the Reserve Bank of Malawi, with 2300 Malawian citizens buying shares in the first company...