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Reserve Bank of Malawi |
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Reserve Bank of Malawi
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The Reserve
Bank of Malawi was established under an Act of Parliament in July 1964 and
started its operations in June, 1965 in Blantyre. |
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It replaced a
branch of the Federal Bank of Rhodesia and Nyasaland founded to serve as a
central bank of the Federation of Rhodesia and Nyasaland. With this
independence, the Reserve Bank of Malawi has the full mandate to conduct
monetary policy whereas fiscal policy issues are the mandate of the Ministry
of Finance. The Reserve Bank of Malawi therefore has to ensure that fiscal
developments are consistent with monetary developments.
Mission of
the Reserve Bank of Malawi is to achieve price and financial stability to
contribute towards national economic growth and development. The Bank shall
uphold core values that are an integral part of its vision, mission and
corporate culture.
In pursuit of this, the Bank
shall uphold the following core values: |
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• Serving the national interest selflessly to ensure the continued
prosperity of Malawi;
• Providing quality service to its stakeholders;
• Instilling excellence in every area of the Bank's operations and
service;
• Maintaining accessibility and openness to all stakeholders as is
appropriate to the operations of the Bank; and
• Value the Bank's employees, through provision of a conducive environment
that promotes professionalism and soliciting full commitment from the
employees in return.
In achieving the core values as stated above, the Reserve Bank commits
itself to providing effective support functions through a sound banking and
financial control system, appropriate information system and the development
of competent and qualified staff. |
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Reserve Bank of Malawi |
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HQ
Address: |
Convention Drive City Centre Lilongwe
Malawi |
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Tel: |
+265 0 1 770 600 |
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Fax: |
+265 0 1
772 752 |
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Website: |
www.rbm.mw |
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Email: |
reserve-bank@rbm.mw |
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Currency: |
Kwacha |
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Banking Hours: |
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Monday - Friday 8.00am -
1.00pm |
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List of banks governed by the
Reserve Bank of Malawi |
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» National Bank of Malawi |
» Nedbank |
» Ecobank |
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» Standard Bank Malawi |
» Indebank |
» International Commercial Bank |
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» NBS Bank |
» Malawi Savings Bank |
» FDH Bank |
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» First Merchant Bank |
» Opportunity International Bank
Malawi |
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