Euromoney’s Awards for Excellence are hailed as ‘the awards that matter to the banks and bankers who matter’. Established in 1992, they were the first of their kind in the global banking industry. This year Euromoney received almost 1,000 submissions from banks in an awards program that covers 20 global awards, more than 50 regional awards, and best bank awards in close to 100 countries. Euromoney has awarded NBS Bank has been awarded as the best bank in Malawi, standing tall against 7 other banks, locally.

The award was presented on Wednesday at the annual Euromoney Awards for Excellence gala dinner held in London, England, as NBS Bank Chief Executive Officer, Kwanele Ngwenya, described the award as an honor. “This recognition confirms that our turnaround strategy is on track. The heart of our strategy has been to enrich our customers’ experience by providing convenient, innovative and affordable products and services.” he said. Euromoney also recognised the strides taken in the 2018 financial year, including the implementation of its five-year strategic plan as a genesis to turning around fortunes of the financial institution.

Some of the criteria used to determine the Best Bank in Malawi award were strong financial performance across key metrics, a clearly differentiated business model founded on the core strengths of its franchise, an ability to adapt to changing market and regulatory conditions, innovation, and a track record of delivering on its targets to shareholders and commitment to its clients.

“We are optimistic that 2019 will bring even greater results. We are delighted with the overwhelming support we have received from all our stakeholders, especially our shareholders and customers.” said the delighted CEO.