First Merchant Bank

Limbe man wins Khashi-Khashi promotion - 3/July/09

Mahomed Salim of Limbe emerged winner of K200,000 followed by Sarah Temweka Gondwe of Blantyre who grabbed K150.000 while Rodney Kanyama of Lilongwe won K100,000. Entry into the promotion requires opening a fixed deposit account of K10.000 and FMB says it received 560 entries in June.

>> Read More

......................................................................................................................

FMB donates 1600 school bags - 30/June/09

First Merchant Bank recently embarked on a donation spree giving school bags to a total of 1600 students in eight districts across the country. The bank donated 200 bags per school

>> Read More

......................................................................................................................

FMB IT suite opens at St Andrews International High School - 16/June/09

St Andrews International High School in Blantyre has opened the First Merchant Bank (FMB) IT Centre at the school's premises in Nyambadwe, Blantyre in its quest to achieve its vision of being a leader of education in Africa.

>> Read More

......................................................................................................................

Mpingwe Orange win FMB Cricket - 9/June/09

All rounder Aubrey Msosa left the pitch with frustration clearly etched on his face after being dismissed on 6th June at the Indian Sports Club (ISC). Msosa never returned and his ISC cricket team did come back into the K500 000 First Merchant Bank (FMB) 20 Over League final game.

>> Read More

......................................................................................................................

LL woman wins Khashi-Khashi promotion - 4/June/09

Sophy Matamanda, a Lilongwe based woman, on 2nd June emerged first winner of K200,000 First Merchant Bank (FMB) Khashi-Khashi promotion monthly draw held at the bank's headquaters. According to FMB Marketing Manager Mary Chilima the promotion is aimed at encouraging both the companies clients and non clients in money saving.

>> Read More

......................................................................................................................

FMB to roll out in rural areas - 1/June/09

First Merchant Bank (FMB) will soon roll out an expansion programme to rural areas in a bid to promote Small and Medium Enterprises (SMEs) in the country. This was revealed on Thursday, 29th May, 2009 in Blantyre during the bank's Annual General Meeting (AGM) held at Mount Soche Hotel.

>> Read More

......................................................................................................................

FMB Cricket gathers pace - 8/May/09

The K500 000 FBM 20/ 20 Southern Region Cricket League gathered pace and rhythm on Sunday as it entered the second week with Mpingwe Yellow tasting defeat against rampant hosts Oriental Indians. Six games were played in the second week. Oriental, who won the toss to bat first, made 151 runs for nine wickets, making life difficult for the visitors who could only go as far as 130 all out.

>> Read More

......................................................................................................................

FMB cricket in flying start - 1/May/09

The First Merchant Bank (FMB) 20/20 Cricket tournament had a flying start in Blantyre with giants Mpingwe Yellow teaching Mpingwe Orange a tough lesson. Winning the toss to bat first. Orange were 57 all out while Yellow managed an impressive 58 for four wickets.

>> Read More

......................................................................................................................

FMB cricket league sponsorship raised up to K 550,000 - 21/April/09

First Merchant Bank's passion for cricket was demonstrated on 22nd April when they increased sponsorship for the FMB 20/20 Overs League from K300 000 to K550 000 ahead of kickoff this on 26 April in the Southern Region.

>> Read More

......................................................................................................................

FBM grows big, far and beyond - 21/April/2009

First Merchant Bank is committed to growth and development as recently evidenced by the multiple opening of new branches in Mponela, Mchinji, Dedza and Liwonde.

>> Read More

One of the new branches

......................................................................................................................

FMB now in Kasungu - 23/February/2009

First Merchant Bank is pleased to inform its valued customers and members of the general public that as of 18th February 2009, our KASUNGU Branch is now open.

>> Read More

Kasungu Branch opening

......................................................................................................................

ARCHIVES

IFC boosts FMB lending capacity - 21/November/08

International Finance Corporation (IFC) announced on the 19th of November that it had joined forces with First Merchant Bank (FMB) to increase lending to Small and Medium Enterprises (SME's). In an interview in Blantyre IFC Consultant Alexis Faulkner said it aims at raising the country's share of global trade by developing the agribusiness sector through its Africa Micro, Small and Medium Enterprise (MSME) finance programme.

>> Read More

......................................................................................................................

FMB interacts with Karonga customers - 07/November/08

First Merchant Bank (FMB) Karonga Branch on the evening of 1st November hosted a get-together party whose main objective was to know their customers and interact with them in a social setting. FMB Karonga Branch manager Stephen Kanyika said apart from knowing the customers, the bank also wanted them to know the products they offer.

>> Read More

......................................................................................................................

FMB pumps K15 million into St Andrews ICT suite - 06/November/08

As part of its commitment to corporate social responsibility and in a bid to support education initiatives to improve the welfare of the communities that it serves, First Merchant Bank (FMB) has donated K15 million to St Andrews International High School's information and technology suite. The money will be used to install computer equipment to a building funded with support from Beit Trust which has two 20-computer IT classrooms and a 10-computer research centre.

>> Read More

......................................................................................................................

FMB fires up Heritage school - 01/Oct/08

First Merchant Bank (FMB) on Friday donated a cheque amounting to K 461,042 to five underprivileged students at Christian Heritage School in Lilongwe to cater for school fees.

The school is Christian based and under Ministry of Capital City Baptism church that emphasizes on principles of moral values so that students should grow up into responsible citizens

>> Read More

......................................................................................................................

FMB now in Mangochi - 17/Sept/08

First Merchant Bank is pleased to inform its valued customers and members of the general public that as of 5th September 2008, our MANGOCHI Branch is now open.

>> Read More

Mangochi Branch

......................................................................................................................

FMB celebrates Chinese mid-autumn festival - 17/Sept/08

On Sunday night, 14th September 2008, First Merchant Bank in conjuction with the Embassy of the People’s Republic of China celebrated the The Mid Autumn Festival at a colourful event characterized by singing and dining.

>> Read More

A time of relaxation and family reunion

......................................................................................................................

FMB declares K400 million bonus - 24/July/08

Directors of First Merchant Bank (FMB) have declared a K400 million interim dividend to its shareholders representing 18 tambala per share.

But this is without the contribution from their subsidiary in Botswana, Capital Bank Limited, which is not expected to beef up the profit package until 2009.

>> Read More

......................................................................................................................

FMB eyeing forex market - 24/July/08

First Merchant Bank (FMB) will later this year open another subsidiary to be trading under FMB Forex Bureau Limited, the bank announced.

Executive Director Sean O'Neill said this during a press briefing in Blantyre but said the roll out depends on the decision by Reserve Bank of Malawi (RBM).

>> Read More

......................................................................................................................

FMB Botswana capital up 100% - 30/May/08

FIRST Merchant Bank (FMB) has doubled its investment in Capital Bank from 20 million Pula (around K400 million) to 40 million Pula (about K800 million). Chairman for Capital Bank Hiteshi Anadkat said this on Wednesday, a day after the launch of the new bank, when he addressed senior officials from the Bank of Botswana and business representatives in Gaborone. Anadkat said FMB would double up the investment in Capital Bank to boost the setting up of new branches in remote areas of Botswana within three years.
>> Read More

Opening of Capital Bank

......................................................................................................................

FMB named Capital Bank in Botswana - 09/May/08

First Merchant Bank of Malawi (FMB) will be trading as Capital Bank Limited in Botswana, the bank said yesterday. FMB Manager for Business Development and Subsidiary Management Operations George Kamvulumvulu said this in Blantyre on the sidelines of a function where the bank was donating drugs to Mlambe Hospital.

He said some members of staff from Botswana are already in the country for orientation. "It is true that we will be trading as Capital Bank and as of now all the structure for operation in Gaborone are in place," said Kamvulumvulu.

According to a press ' release from the Bank of Botswana which is that country's central bank, FMB is the majority shareholder and the minority shares are held by locals. Capital Bank which opened its doors in March this year would add the number of commercial banks in Botswana to seven after Barclays Bank, Standard Chartered Bank, First National Bank, Bank of Baroda, Standard Bank and Bank Gaborone.

......................................................................................................................

First Merchant Bank present medicine to Mlambe hospital - 09/May/08

FMB presented drugs worth K100,000 to Mlambe Hospital which is based in Lunzu as part of the banks corporate social responsibility to the society. Kamvulumvulu said the bank is focussed at developing the health sector through provision of scholarships to medical and nursing students at the College of Medicine and Kamuzu College of Nursing which are under the University of Malawi.
>> Read More

Chrissy Mphonde of FMB Bank presents the drugs

......................................................................................................................

FMB Cheers Patients -08/Apr/08

First Merchant Bank on Friday sheered the sick at Mzuzu hospital as part of its corporate social responsibility.

Mzuzu Branch Operations Officer Harry Munthali, led staff members to donated assorted items that included groceries.

"FMB operates within the community, live in the community and stay in the same (community), hence we must be seen to be part of it by supporting it." said Munthali.
The operations manager said the bank would continue to help the hospital as part of its corporate and social responsibility.

"This is part of ploughing back to the community and we FMB as a corporate citizen in Mzuzu felt we have to donate a little something to the needy," he said.

The bank donated hampers filled with soap, orange squash bottle, sugar and other basic things, to 72 patients in the Children and Nutritional Ward.

......................................................................................................................

FMB Base Rate reduced to 18.5% -12/Feb/08

First Merchant Bank has reduced its base lending rate from 19.5 percent to 18.5
percent with effect from February 8. This means the bank is now the most competitive
lending financial institution on the market in terms of interest charged on loans.
>> Read More

......................................................................................................................

First Merchant Bank to establish subsidiary bank in Botswana

First Merchant Bank announced that Bank of Botswana has granted a banking licence for the establishment of a bank in Botswana in which FMB will be the 51% majority shareholder and technical partner. FMB’s initial investment will be Pula 10.2million. It is expected that banking operations in Botswana will commence when the final remaining regulatory requirements are met.

First Merchant Bank Board Members

......................................................................................................................

>> Next



	About FMB Corporate Profile Board of Directors Management Financial Reports Corporate Responsibility Economic Review Careers at FMB