National Bank of Malawi plc praised NBM Development Bank Limited for exceptional performance in supporting small and medium enterprises. Chief Executive Officer Harold Jiya recognized the subsidiary's achievements during the Tiiphula celebration event. The development bank achieved profitability within five years of operations since its 2019 establishment. General Manager Bernard Masi received commendation for meeting organizational targets and securing market acceptance. The subsidiary successfully assists startups and growing businesses through debt financing, equity investments, and business advisory services.
Jiya contributed K2 million to support the Tiiphula event and awarded Masi a family hotel retreat. The development bank earned recognition from the Malawi Investment and Trade Centre, receiving the Best Financial Services award at the 34th Malawi International Trade Fair. Success stories include partnerships with Ziweto Agri-Feeds, Uromed Clinic, Kampondeni Clinic, and St Peters Private School. NBM plc allocated K60 billion for small business support through retail banking operations and the development bank subsidiary.
Jiya contributed K2 million to support the Tiiphula event and awarded Masi a family hotel retreat. The development bank earned recognition from the Malawi Investment and Trade Centre, receiving the Best Financial Services award at the 34th Malawi International Trade Fair. Success stories include partnerships with Ziweto Agri-Feeds, Uromed Clinic, Kampondeni Clinic, and St Peters Private School. NBM plc allocated K60 billion for small business support through retail banking operations and the development bank subsidiary.
