of malawi type public traded as mal nbm industry financial services founded 1971 headquarters blantyre malawi key people mathews chikaonda chairman george partridge managing director products loans savings checking investments debit cards credit cards mortgages revenue aftertax us 25 million 2009 total assets us 495 million 2009 number of employees 960 website www.natbank.co.mw national bank of malawi nbm is a commercial bank in malawi . the bank is one of the eleven banks licensed by the reserve bank of malawi the national banking regulator . 1 contents 1 overview 2 history 3 ownership 4 branch network 5 governance 6 see also 7 references 8 external links overview edit nbm is a large financial services institution serving the banking needs of the people and businesses in malawi . as of december 2009 update the bank s total assets were in excess of us 495 million with shareholder s equity of about us 78 million . 2 the bank maintains five subsidiary companies three of which are wholly owned 3 nbm capital markets limited 100 % shareholding nbm securities limited 100 % shareholding nbm nominees limited 100 % shareholding stockbrokers malawi limited 75 % shareholding united general insurance limited 26 % shareholding history edit national bank of malawi traces its history from the 1890s when african lakes corporation established banking business in nyasaland . in 1918 the national bank of south africa now first national bank acquired the banking business of african lakes corporation in the colony . 4 in 1925 national bank of south africa was merged with the anglo egyptian bank and the colonial bank in 1925 to form barclays bank dominion colonial and overseas . 5 barclays thus inherited the national bank of south africa s business in the colony . the bank as is was established in 1971 when standard bank of malawi with the consent of the government of malawi merged with barclays bank of malawi . in july 1971 the merger was effected with standard and barclays jointly owning 51 % of the new bank i.e. 25.5 % each . 4 press holdings limited a private malawian investment company owned 29 % and agricultural development and marketing corporation admarc a malawian parastatal owned 20 % . over the years both standard bank and barclays bank divested from nbm and old mutual group became an investor in the bank . at one time standard chartered bank was an investor in nbm having acquired the assets which formerly belonged to standard bank . in august 2000 the stock of national bank of malawi became listed on the malawi stock exchange where it trades under the symbol nbm . at the time of listing the bank issued 45 million ordinary shares . 6 ownership edit the stock of national bank of malawi is owned by corporate and individual investors . as of may 2015 update shareholding in the bank is 7 national bank of malawi stock ownership rank name of owner percentage ownership 1 press corporation limited 51.5 2 old mutual group 24.9 3 members of the public 21.8 4 employee share ownership plan 1.8 5 total 100.0 branch network edit as of may 2015 update national bank of malawi maintains over thirty branches referred to as service centers by the bank . 8 governance edit mathews chikaonda a non executive director serves as the chairman of the 11 member board of directors . 9 the managing director and chief executive officer is george partridge who is assisted by eleven 11 other senior managers in overseeing the day to day activities of the bank . see also edit list of banks in malawi economy of malawi reserve bank of malawi malawi stock exchange references edit list of licensed commercial banks in malawi 2009 audited financial report company profile at google finance a b founding banks and building societies national bank of malawi . barclays bank . retrieved 2015 08 29 . anthony michael 2001 . historical dictionary of trinidad and tobago . scarecrow press inc. lanham md. and london . isbn 0 8108 3173 2 . history of national bank of malawi shareholding in national bank of malawi branches of national bank of malawi 1 external links edit website of national bank of malawi website of reserve bank of malawi website of stock exchange of malawi retrieved from https en.wikipedia.org w index.php title national bank of malawi & oldid 698723174 categories banks of malawibanks established in 1971companies listed on malawi stock exchange1971 establishments in malawihidden categories articles containing potentially dated statements from december 2009all articles containing potentially dated statementsarticles containing potentially dated statements from may 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated 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