Corporate News

/Corporate News

The FMB U-20 League 2018 Season has officially been launched

2018-04-25T14:15:20+00:00 April 25th, 2018|Corporate News, Corporate Social Responsibility|

The 2018 season of the FMB U-20 League was successfully launched on 22nd April 2018 in Salima at the Salima Community ground. The launch started with a parade of the trophies (DC’s trophy and National Finals trophy) through Salima Township. Other activities that made the event a crowd puller were a social football match between [...]

FMB hosts U-20 League Pre-launch cocktail and media awards

2018-04-16T10:56:24+00:00 April 16th, 2018|Corporate News|

On Thursday, the12th April 2018, FMB hosted the FMB U-20 League Pre-launch Cocktail and Media Awards. The event was attended by various stakeholders from FAM (Football Association of Malawi), NYFA (National Youth Football Association), Malawi National Sports Council, the media as well as FMB Management and staff. The occasion was two-fold; it was organized as [...]

FMB U-20 League wins Sports Development Program of the year award

2018-03-15T09:50:00+00:00 March 15th, 2018|Corporate News|

The FMB Sponsored Under-20 Football League came out triumphant at the Malawi Sports Awards which were held on Friday 9th March, 2018 at the Bingu International Conference Centre (BICC). FMB was nominated for the Best Executed Sports Development Program of the Year; also nominated in the same category were the Regional 5 Under-20 Youth Games [...]

FMB Wins 2018 EIB Innovation Award

2018-02-20T11:35:23+00:00 February 20th, 2018|Corporate News|

FMB emerged the Innovation Award winner at the occasion of the European Investment Bank (EIB) 2018 Southern Africa SME & Microfinance Academy awards gala held in Johannesburg, South Africa on 7th February. The Award is in respect of the Bank’s innovation in e-payments for the delivery of social protection services on behalf of Malawi Government [...]

Amalgamation and Merger of The Leasing and Finance Company of Malawi Limited (“LFC”) with First Merchant Bank Plc (“FMB”) (the “Scheme of Arrangement”)

2018-02-22T16:21:30+00:00 February 19th, 2018|Corporate Announcements, Corporate News|

On 20 December 2017, the High Court of Malawi approved the Scheme of Arrangement whereby FMB will acquire, assume, amalgamate and merge with its own undertaking and all the property, assets and rights, real and personal, liabilities (actual and contingent) and obligations of every description of LFC. The effective date of the Scheme of Arrangement [...]

FMB unveils Limbe Branch with a new look

2018-02-09T17:12:43+00:00 February 9th, 2018|Corporate News|

On Wednesday the 7th of February 2018, FMB unveiled its newly refurbished Limbe Branch by inviting some of its customers to a cocktail held at the branch. FMB Chairman(C) interacts with customers Present at the cocktail along with other senior FMB management were Mr. Hitesh Anadkat, FMB Group Chairman and Mr. Fernando Rodrigues, FMB Chief [...]

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 [...]