- Written by Steve Chilundu - The Nation
- Created on 04 December 2020
The Institute of Bankers (IoB) in Malawi has challenged authorities to develop policies that ensure that agriculture becomes financing-friendly for commercial banks.
IoB Malawi chairperson Zandile Shaba, who is also chief executive officer of MyBucks Banking Corporation Malawi, said this yesterday at the Bankers Agribusiness Conference organised jointly with the Confederation of Women in Business (Comfwb) regional conference for Common Market for Eastern and Southern Africa (Comesa) in Lilongwe.
- Written by Grace Phiri - The Nation
- Created on 17 October 2020
The Reserve Bank of Malawi (RBM) says the banking sector has thus far remained sound and stable, thanks to the monetary and regulatory interventions it instituted to cushion Covid-19 impact.
RBM Governor Wilson Banda said in an interview last week that the financial sector regulator has continued to witness increases in credit risk in the market, reflected through loan moratoriums extended to borrowers affected by the pandemic.
- Written by Chimwemwe Mangazi - The Times
- Created on 09 October 2020
The Institute of Bankers (IoB) in Malawi has emphasised the need to revisit regulations targeting the banking sector in the country, if it is to thrive amid the Covid-19 pandemic.
Speaking at the opening of the bankers’ conference, IoB Chairperson, Zandile Shaba, said Covid-19 has gripped the economy that many businesses woke up to the realisation that they were considered non-essential.
She said the uncertainty on the possibility of ending the pandemic jolts the sector to the reality that technology holds the key as a defining tool in banks’ efforts to create value for all stakeholders.