National Bank of Malawi PLC 2018 AR2
The report highlights the financial and operational performance of National Bank of Malawi plc for the fiscal year 2018. Despite a challenging macroeconomic environment with prolonged power outages, the Bank achieved a total asset growth of 6.4% and a 21% growth in its loan book, primarily driven by the SME and personal sectors. The Bank continued its commitment to corporate social responsibility through its Go Green Campaign, tree planting exercises, and various donations to the education and health sectors. Additionally, the Bank successfully adopted IFRS 9 and prepared for the launch of NBM Development Bank to provide long-term financing to the SME sector.
Company: National Bank of Malawi PLC
Sector: Financials
Country: Malawi
Year: 2018
Type: AR2
Pages: 206
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National Bank of Malawi PLC
Annual Report
The report highlights the financial and operational performance of National Bank of Malawi plc for the fiscal year 2018. Despite a challenging macroeconomic environment with prolonged power outages, the Bank achieved a total asset growth of 6.4% and a 21% growth in its loan book, primarily driven by the SME and personal sectors. The Bank continued its commitment to corporate social responsibility through its Go Green Campaign, tree planting exercises, and various donations to the education and health sectors. Additionally, the Bank successfully adopted IFRS 9 and prepared for the launch of NBM Development Bank to provide long-term financing to the SME sector.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available