New Finance Bank (NFB), whose complete name is New Finance Bank Malawi Limited is a commercial bank in Malawi. It is one of the commercial banks licensed by the Reserve Bank of Malawi, the central bank 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 of the city of Lilongwe, the capital 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 machines, including at the following locations:
Lilongwe Old Town Branch: CIL House, Lilongwe Lilongwe City Centre Branch: Mwai House, Independence Drive, City Centre, Lilongwe (Main Branch) Gateway Mall Branch: Gateway Mall, City Centre, Lilongwe Blantyre Branch: Median House, Opposite Malawi Stock Exchange, Victoria Avenue, Blantyre 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, in the Central Region of Malawi.
Ownership , the stock of the bank, was owned by the following entities:
+ New Finance Bank Stock OwnershipRank Name of OwnerPercentage Ownership1MyBucks of Luxembourg50.02Finsbury Investment of Scotland50.0 Total100.00
See also List of banks in Malawi Reserve Bank of Malawi Economy of Malawi
References
External links Website of New Finance Bank Website of Reserve Bank of Malawi