NBS Bank plc and NBS Forex Bureau has announced that it is pleased with the progress it has made in 2018. The bank notes particular strides like a private banking suite at the presidential villas complex in Lilongwe and a Call centre, among other strides.

The bank is also celebrating an after tax profit of K1.699 bn compared to a 1.092 bn loss in 2017. In its report, the bank says investments in shirt term placements with financial institutions, grew by 35%.

To push for consistency and better results in 2019, the bank has outlined a strategy to make its products easy to understand, easy to use and easy to access. While working on that, the bank expects stable exchange rates in 2019 and inflation to trend downwards.

Reads the report, “We expect the improved macroeconomic environment to lead to GDP growth of 4%”.