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Post by Sapphire Capital on Jul 10, 2008 22:03:37 GMT 4
National Bank of Malawi, Blantyre, Malawi Link: www.natbank.co.mw/Address: 19 Victoria Avenue Blantyre Malawi Tel: +265 1 820622 Fax: +265 1 820606 Email: natbank@natbankmw.com correspondent banking: www.natbank.co.mw/nbm/index.php?pagename=corresponding_banksCreated 1971 as a joint venture between Barclays, Standard Bank and the Malawi Government. Barclays and Standard Bank held 51%, Press Holding ltd 29% and ADMARC 20% (Government Institution), This was adjusted to 20% for the banks and higher ratios by the Press Ltd and ADMARC in 1977. In 1982 Barclays sold all owned stock to Standard Bank, Press Ltd sold its shares to South African Mutual Life Assurance Society (Old Mutual) in 1993. In 1996 Standard Bank sold its shares to the other shareholders and let the service agreement expire. Annual Report: www.natbank.co.mw/nbm/index.php?pagename=2006_annual_reportEmployees: 1200, 13 Branches Fully computerized Bank using the older Bankmaster/Branchpower Systems Chairman of the Board: Dr. Mathews A P Chikaonda The bank is the biggest private bank in the country, relatively secure but not used to large amounts. It is very bureaucratic and slow.A
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