First Merchant Bank

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		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.
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		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

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		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
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