Leasing and Finance Company (LFC). The company specialises in long term lending through the financing of capital equipment such as transportation equipment (cars, trucks, aircraft, etc) earth moving equipment, medical equipment and industrial machinery, farm machinery, office equipment (computers, photocopiers etc.) and  property. It also provides invoice factoring and insurance premium financing.  The company offers depositors a safe and secure haven for investments.

Shareholding

On July 1 2002, First Merchant Bank Limited (FMB), acquired 100% shareholding in LFC.  This acquisition has enabled the FMB group to offer its clients an expanded range of investment and financing instruments.  In line with the group philosophy, the institution aims at building long-term, mutually beneficial relationships with its clients.  We pride ourselves on our flexibility and speed of decision making.  We have immediate access to our Board of Directors, resident in Malawi.

The company operates two branches in Blantyre and Lilongwe.

Corporate Governance

LFC’s Board of Directors are constantly aware of the need to apply sound principles of corporate governance to all our operations in Malawi, and are committed to ensuring that the institution’s activities are conducted in a spirit of fairness, honesty and integrity and that the highest standards of ethical and professional integrity are maintained.  The Board has adopted, without modification, the major principles of modern corporate governance as contained in the Canbury and King Reports.  The institution prides itself on the individual and collective breathe of relevant experience of its board of directors and executive management.

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