New Finance Bank (NFB), whose complete name is New Finance Bank Malawi Limited is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with cor ...

Malawi Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast ...

. It is one of the commercial banks licensed by the

Reserve Bank of Malawi The Reserve Bank of Malawi is the central bank of Malawi established in the year 1964 located in Lilongwe. The current governor is Wilson Banda. The Bank is active in promoting financial inclusion policy and is a leading member of thAlliance for ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...

and national banking regulator.

Location

The bank's headquarters and main branch are located in Mwai House, at 13/112 Independence Drive, in the

central business district A central business district (CBD) is the commercial and business centre of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city ...

of the city of

Lilongwe Lilongwe (, , ) is the capital and most populated city of the African country of Malawi. It has a population of 989,318 as of the 2018 Census, up from a population of 674,448 in 2008. In 2020 that figure was 1,122,000. The city is located in th ...

, the

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

and administrative headquarters of Malawi. The geographical coordinates of New Finance Bank headquarters are: 13°57'45.2"S, 33°47'47.3"E (Latitude:-13.962500; Longitude:33.796389).

Overview

The bank received a banking licence from the Reserve Bank of Malawi on 13 May 2014 and began commercial transactions on 24 July 2014. New Finance Bank Malawi Limited has one subsidiary, NFB Forex Bureau, where it maintains 100 percent ownership. The bank serves all members of society, with special focus on those who are financially under-served.

Branches

, New Finance Bank maintained six networked branches and eleven

automated teller machine An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, fun ...

s, including at the following locations: # Lilongwe Old Town Branch: CIL House, Lilongwe # Lilongwe City Centre Branch: Mwai House, Independence Drive, City Centre,

(Main Branch) # Gateway Mall Branch: Gateway Mall, City Centre, Lilongwe # Blantyre Branch: Median House, Opposite Malawi Stock Exchange, Victoria Avenue,

Blantyre Blantyre () is Malawi's centre of finance and commerce, and its second largest city, with an enumerated 800,264 inhabitants . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, L ...

# Limbe Branch: City Plaza Building, Limbe # Dzaleka Branch: Dzaleka Refugee Camp, Dowa *Note: Dzaleka Refugee Camp is located about , west of Dowa, in

Dowa District Dowa is a district in the Central Region of Malawi. The capital is Dowa. Geography The district covers an area of 3,041 km². and has a population of 556, 678. The capital city, Dowa is home to 5,565 people. Dowa the city is about 38 ...

, in the Central Region of Malawi.

Ownership

, the

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

of the bank, was owned by the following entities:

References

External links

Website of New Finance Bank

Website of Reserve Bank of Malawi
{{Authority control Banks of Malawi Banks established in 2014 2014 establishments in Malawi Lilongwe

Location

Overview

Branches

Ownership

See also

References

External links