NBS BANK CORPORATE PROFILE
Vision
To be the Bank of
choice in Malawi
Mission
We
undertake to add value to all our stakeholders by offering an innovative
range of banking products through efficient business processes and
empowered and caring staff.
Values
Intergrity, Care, Quality Service, Health
and Safety, Ethical Standards, Transparency, Good Corporate Governance.
Corporate Profile
NBS Bank, then New Building Society was formed following the
amalgamation of Central Africa Building Society, Commonwealth Century
Building Society and First Permanent Building Society.
The New Building Society had been incorporated under the Building
Societies Act on 7th February, 1964. Since then, The Society continued to
operate under this Act and raised funds from the public and advanced them
by way of mortgage loans against the security of land and buildings.
Today, NBS Bank is the still market leader in mortgage loans.
NBS Bank (formerly The New Building Society) has been a part of many
lives for many years in Malawi. Not just assisting customers with home
loans – the biggest investment of their lives – but helping them with
their dreams too. And we are still the same financial institution you have
always trusted.
The bank was incorporated as a Limited Company on 14th March 2003,
registered under the Banking Act on 1st March 2004, and started its
operations on 1st July, 2004 when The New Building Society was dissolved
and its operations taken over by the former.
NBS Bank operates through a network of 12 branches and 7 agencies
throughout the country. When NBS Bank was a Society; it started with one
branch in 1964, however when The Society converted into NBS Bank it
assumed 12 branches and 5 agencies.
Shareholders |
| NICO Holdings Ltd |
74% |
| Malawi Government |
16% |
| National Investment Trust Ltd |
10% |
| Executive Management |
|
| John Biziwick |
Chief Executive Officer |
| Gilford Kadzakumanja |
Deputy Chief Executive Officer |
| Martin Ndenya |
Head of Finance and Treasury |
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