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Thursday, January 31, 2019

Banks minimum capital set at $5 million | The Times Group

Banks minimum capital set at $5 million | The Times Group: A latest directive on capital adequacy for banks has set $5 million as the minimum amount players in the banking industry are supposed to maintain at all times. The Financial Services (Capital Adequacy for Banks) Directive 2018, published on the Reserve Bank of Malawi website, says a bank shall maintain a minimum core capital of Malawi kwacha equivalent of $5 million or such a higher amount as determined by the Registrar of Financial Institutions.

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