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.

Reserve Bank of Malawi miantains policy rate at 18 percent - The Maravi Post

Reserve Bank of Malawi miantains policy rate at 18 percent - The Maravi Post: "LILONGWE-(MaraviPost)-The Reserve Bank of Malawi (RBM) has maintained policy rate at 18 percent, a decision made at the Monetary Policy Committee (MPC) and the Liquidity Reserve Requirement at 7.5 per cent in trying to keep with the latest developments in the economy and the need to keep the inflation firmly on the downward path.
The announcement has come through a statement made by MPC after it conducted a review meeting for global and domestic economic developments and it has been signed by Chairman of the committee, Dr Dalitso Kabambe, who is also Reserve Bank of Malawi Governor."



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Domestic debt interest soars - The Nation Online

Domestic debt interest soars - The Nation Online:



Domestic debt interest soars

Grace Phiri O September 12, 2017 o Comments

Malawi is expected to pay huge interest totalling K177-3 billion on domestic debt, accounting

for 85 percent of total interest for domestic and foreign debt in the 2017/18 fiscal year.

This is an increase from the previous financial year's K143-5 billion, according to figures from

the Ministry of Finance, Economic Planning and Development.



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FMB slashes interest rates | Malawi 24 - All the latest Malawi news

FMB slashes interest rates | Malawi 24 - All the latest Malawi news: "FMB slashes interest rates 0
BY LUKE BISANI ON AUG 24, 2017 BUSINESS
First Merchant Bank (FMB) in Malawi has disclosed that it has slashed interest rates effective today.

This follows the announcement of a cut in interest rate to 18 percent by Reserve Bank of Malawi (RBM) due to economic stability and projected economic growth."



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