NBS Bank is one of 11 commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.
Founded in 1964, NBS Bank is a major commercial bank in Malawi. Its stock is traded on the Malawi Stock Exchange, and the bank has an asset base in excess of US$192 million. NBS Bank is licensed by the Reserve Bank of Malawi and has 13 branches and 21 agencies in the country.
NBS Bank started a Gender Entrepreneurship Markets program in June 2008 in collaboration with the International Finance Corporation (IFC). The bank targets medium enterprises and high-net-worth women entrepreneurs from all sectors of the economy. The bank’s capacity building programs provide business management training for women and sponsor business workshops. They also engage consultants to assist women in setting up and running businesses, providing services such as bookkeeping. The bank also offers loan products specifically for women in business.
In addition, the bank operates networking sessions and trainings throughout the country, and a Women in Business Awards platform. NBS’s Women in Business portfolio size is more than US$2 million, comprising 39 percent of its total small and medium enterprise (SME) loan portfolio.