times_mw98d ago
Malawi Stock Exchange-listed NBS Bank plc has posted a profit after tax of K150.42 billion for the year ended December 31, 2025, up from K72.99 billion the bank recorded the previous year.This represents a 106 percent year-on-year increase in profit.This is contained in a published financial statement for the bank’s performance in the year under review.The statement shows total consolidated income jumped by 104 percent from K205.51 billion to K418.76 billion, buoyed by a rising loan book, expanded government securities investments and a thriving forex trading and guarantees business.The bank’s net interest income went up from K160.31 billion to K307.74 billion, while non-interest income nearly tripled from K45 billion to K111 billion.The bank’s total assets rose by 29 percent to K1.54 trillion, while customer deposits grew by 43 percent to K1.04 trillion.Its loan book expanded from K234 billion to K349.93 billion.NBS Bank Chief Executive Officer Temwani Simwaka attributed the performance to strategic choices by the bank.“Our growth was anchored on disciplined credit expansion, particularly in agriculture, manufacturing and community services, and on deepening our forex and guarantees business to support strategic imports and the construction industry,” Simwaka said.NBS Bank Board Chairman Vizenge Kumwenda said the board is recommending a total dividend of K54 billion for 2025 — an increase of 111 percent.The final dividend of K1.368 billion, representing K4.70 per share, is subject to shareholder approval.