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/Hughton Gweshe

About Hughton Gweshe

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So far Hughton Gweshe has created 44 blog entries.

Notice to FMB & OIBM customers

2017-10-31T08:56:11+00:00 October 31st, 2017|Corporate News|

CLOSURE OF BRANCHES / AGENCIES & INTERRUPTION OF SERVICES ON 4TH NOVEMBER, 2017 Please note that all branches and agencies of FMB and OIBM will be closed on Saturday 4th November, 2017 to enable us to migrate OIBM operations to FMB Bank. Please note that Banki M’manja (mobile phone transactions) and ATM cards of OIBM [...]

FMB | Notice to OIBM account holders

2017-10-30T14:25:01+00:00 October 30th, 2017|Corporate News|

We wish to notify all OIBM customers that regulatory approvals from the Registrar of Financial Institutions and the High Court of Malawi for the merger of OIBM and FMB have been received. We request that OIBM customers take note of the following: MIGRATION Date of Migration: OIBM’s operations will be merged with FMB on the [...]

FMB obtains approval for Opportunity Bank acquisition

2017-10-30T10:51:58+00:00 October 23rd, 2017|Corporate News|

FMB Bank (FMB) has confirmed that it has received approvals from the Reserve Bank of Malawi and the High Court to proceed with its acquisition and merger of Opportunity International Bank Malawi (OIBM). This follows an agreement reached in June between FMB and OIBM in which FMB acquired 100% ownership of the micro lending institution. [...]

FMBCH – Barclays Zimbabwe deal set to go ahead.

2017-10-17T09:14:27+00:00 October 16th, 2017|Corporate News|

Mauritius based FMB Capital Holdings Plc (FMBCH), the holding company for FMB Group, has announced the successful acquisition of a majority shareholding in Afcarme Zimbabwe Holdings (Pvt) Limited, the holding company for Barclays Bank of Zimbabwe Limited (BBZ) from Barclays Bank PLC (BBPLC). The transaction was concluded after all the Zimbabwean statutory and regulatory requirements [...]

FMBCH makes historic MSE debut

2017-09-20T12:25:19+00:00 September 20th, 2017|Corporate News|

Shares in First Merchant Bank Capital Holdings (FMBCH) began trading on the Malawi Stock Exchange (MSE) yesterday, Monday, 18 September. Shareholders of First Merchant Bank (FMB) were offered one FMBCH share for each FMB share held. The one-for-one offer was accepted by investors representing more than 97.6% of FMB’s ordinary shares. In its pre-listing statement, [...]

Further Cautionary Statement: Acquisition of shareholding in Barclays Bank Zimbabwe Limited

2017-09-12T14:29:37+00:00 September 7th, 2017|Corporate Announcements|

The Directors of First Merchant Bank PLC (“FMB”) wish to provide an update to their shareholders and other stakeholders with respect to the agreement that was signed between FMB Capital Holdings PLC (“FMBCH”) and Barclays Bank PLC (BBPLC), pursuant to which FMBCH will acquire from BBPLC a controlling shareholding in Barclays Bank of Zimbabwe Limited [...]

Hello Paisa – FMB “back to school” campaign

2017-09-12T14:24:07+00:00 September 7th, 2017|Corporate News|

FMB, at the beginning of this week, rolled out a ‘Back to School’ money transfer campaign under its Hello Paisa money transfer platform to encourage both its customers and non-customers to receive funds from South Africa through the Bank. During the Back to School campaign everyone who receives funds through Hello Paisa at FMB from [...]

FMB sponsors Kasasa Golf Tournament

2017-08-08T11:31:56+00:00 August 8th, 2017|Corporate Social Responsibility|

On Saturday 5th August, 2017 FMB launched its sponsorship of the monthly mug at Kasasa Golf Club in Dwangwa, Nkhotakota District. The launch was marked by a golf tournament which attracted golfers who are members of Kasasa Club and its surrounding areas. The event attracted over 30 golfers who graced the greens as they teed-off [...]

FMB | Public announcement

2017-07-31T11:47:12+00:00 July 31st, 2017|Corporate Announcements|

Pursuant to the Companies (Panel on Take Overs and Mergers) Rules 2016, Rule 13, the Board of Directors of First Merchant Bank Plc (“FMB”) advises that it has received notification from FMB Capital Holdings Plc (“FMBCH”), a company incorporated in the Republic of Mauritius and registered in Malawi as a foreign company, of its firm [...]

FMB | Notice of final dividend in respect of year ended 31 December 2016

2017-07-26T15:27:50+00:00 July 26th, 2017|Corporate Announcements|

The shareholders of First Merchant Bank Plc, at the Annual General Meeting held on 6th June, 2017, approved the of a final dividend of 50 tambala per share (MK1,168,125,000) for the financial year ended 31st December, 2016. Members whose names will appear in the register as at close of business on Friday, 4th August, 2017 [...]