By Chisomo Phiri
As one way of easing the access to its financial services, one of the country’s leading financial institutions, Standard Bank Malawi has opened a branch at Nchalo trading centre in Chikwawa district.
The official opening of the new refurbished Branch took place on Tuesday February 28,2023.
It was witnessed by a cross section of people including the bank’s Chief Executive Officer Philip Madinga, customers and clients.
Speaking at the function,Madinga described Chikwawa as a very crucial economic district which deserves new and modern infrastructure.
” This is a conducive environment for business and we want people around here have easy access to our services, ” said Madinga.
The CEO further called for more private players to come in and invest in the district which has the potential to spur other economic activities in different sectors.
” We are calling on more investors to come and invest or open their businesses here. This is a good place for business,” he urged.
The Standard Bank of Malawi, previously known as the Commercial Bank of Malawi, is a commercial bank in Malawi.
The bank is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator.
It is a large financial services provider, serving the banking needs of large companies, small and medium enterprises, as well as individuals.
As of December 2019, the bank’s total assets were valued at MWK:375.26 billion (US$519 million), with shareholders’ equity of MWK:87.24 billion (US$121 million).
