MSB moves in to savings culture
November/2/2009
Malawi Savings Bank (MSB) one the commercial banks, has urged Malawians to save their money to make big and meaningful investments in future. "MSB marketing manager Dora Banda was speaking at Chirimba Primary School in Blantyre on Friday during a road show organised by her institution to inform Malawians on the importance of owning a bank account .. >>>>

MSB donates to AJAA and WFP
JUNE/20/2009
Malawi Savings Bank (MSB) on Wednesday donated money worth K350,000 to Association for Journalist Against Aids (AJAA) and World Food Program (WFP) to assist them in their operations. AJAA which deals in HIV/Aids dissemination received K200,000 while WFP, which deals mostly in school feeding programmes in a bid to end hunger and malnutrition got K150,000. >>>>

MSB pre-tax profit up 205%
JUNE/22/2009
Malawi Savings Bank (MSB) says its profit before tax for 2008 has jumped to K429.6 million up from K141 million recorded in 2007 representing an increase of 204.7 percent. In its consolidated financial statement published yesterday and signed by Chairman Radson Mwadiwa and Director Leonnard Chikadya, MSB indicates an after tax profit of K311.77 million representing a 173 percent increase. >>>>

MHC, MBS strike partnership - 14/May/2009
Malawi Savings Bank continues to strive to make itself a one-stop banking service provider with a new partnership with the Malawi Housing Corporation (MHC) that will see the bank collecting monthly house rentals on behalf of MHC, "MHC has houses across the country and this [collection of rentals] is convenient for their customers in that they will not travel long distances because MSB is in every city and town across the country," said Dora Banda, MSB marketing manager. .>>>>

MSB sees inflation slow-down in May - 12/May/2009
Malawi Savings Bank says the national inflation rate is expected to further drop this month due to increased availability of food. In its Financial and Economic Report for April MSB says other contributors for the slow down would be low fuel prices and reduced transportation costs. .>>>>

Forex reserves still low - 06/May/2009
The country's forex reserves are still very low at below 1.5 months of import cover despite the commencement of the tobacco sales season. According to a monthly Financial and Economic report by Malawi Savings Bank (MSB) for April, the reserves stood at around US$182.78 million during early April.>>>>

Low tobacco prices may increase poverty - 06/May/2009
The Malawi Savings Bank (MSB) has expressed fear that low tobacco prices buyers are offering in all the country's auction floors might perpetuate growers' poverty and suffering because a majority of them depend on the leaf for their livelihood. In its financial and economic report for April 2009, MSB notes that the low prices are a big concern for government and all players in the tobacco industry and the economy in general >>>>