NBS Bank Limited, commonly referred to as NBS Bank, is a commercial bank in Malawi. It is licensed as a commercial bank, by the Reserve Bank of Malawi, central bank and national banking regulator.
Location The head office and man branch of NBS Bank are located in NBS House, at the corner of Chipembere Highway and Johnstone Road, in the city of Blantyre, the financial capital of Malawi. This location is often referred to as Ginnery Corner, in the neighborhood known as Chichiri, Blantyre. The geographical coordinates of this bank's headquarters are: 15°48'02.0"S, 35°01'20.0"E (Latitude:-15.800556; Longitude:35.022222).
Overview NBS Bank is a midsized retail bank in Malawi. , the bank's asset base was valued at MWK:123.1 billion (US$170 million), with shareholders' equity of MWK:11.5 billion (approximately US$16 million).
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 Malawi, the national banking regulator.History of NBS Bank
Ownership The shares of the bank are traded on the Malawi Stock Exchange, where they are listed under the symbol NBS. The shareholders in the stock of NBS Bank included the following, as of December 2018:
+ Shareholding in NBS Bank Rank Shareholder Percentage Ownership1NICO Holdings Plc50.10 2Public Service Pension Trust Fund – CAM 12.063Public Shareholding 35.744National Investment Trust Limited2.004NBS Bank Employee Share Ownership Scheme0.10Total100.0
Branches and departments , the bank maintains branches at the following locations. The branches are referred to as Service Centres. Mzuzu Service Centre: Mzuzu Mzimba Service Centre: Mzimba Nkhotakota Service Centre: Nkhotakota Nkhata Bay Service Centre: Nkhata Bay Dwangwa Service Centre: Dangwa Rumphi Service Centre: Rumphi Karonga Service Centre: Karonga Mchinji Service Centre: Mchinji Kasungu Service Centre: Kasungu Lilongwe Service Centre: Lilongwe Capital City Service Centre: Lilongwe Dedza Service Centre: Dedza Kanengo Service Centre: Kanengo, Lilongwe Salima Service Centre: Salima Liwonde Service Centre: Liwonde Blantyre Service Centre: Blantyre Ginnery Corner Service Centre: Chichiri, Blantyre Main Branch Limbe Service Centre: Limbe Zomba Service Centre: Zomba Mangochi Service Centre: Mangochi Mulanje Service Centre: Mulanje Chichiri Mall Service Centre: Chichiri Mall, Chichiri, Blantyre Nchalo Service Centre: Nchalo, Blantyre Ntcheu Service Centre: Ntecheu Balaka Service Centre: Balaka.
Governance Vizenge Kumwenda serves as the chairman of the eleven-person board of directors. The chief executive officer was Kwanele Ngwenya, who is assisted by fifteen other senior managers in the day-to-day running of the company. In April 2025, Temwani Simwaka was appointed as chief executive officer, becoming the first woman to hold the position.
Recapitalization During 2015, NBS Bank fell below the minimum capital requirements for commercial banks in Malawi, under the Basel II financial guidelines. NBS Bank applied to the Reserve Bank of Malawi to be given time to implement a rights issue and restore compliance. That permission was granted, with a deadline of 30 June 2017. The capital call to existing shareholders was opened from 19 May 2017 and closed on 23 June 2017. A total of MWK:11.6 billion (approximately US$16.25 million) in new capital was raised. Other changes at the bank, in the same time frame, included retrenchment of some of the employees.
See also List of banks in Malawi Economy of Malawi Reserve Bank of Malawi Malawi Stock Exchange
References
External links Website of NBS Bank Website of Reserve Bank of Malawi Website of Malawi Stock Exchange