Malawi stock Exchange listed commercial bank, FMB on Friday announced that it has extended closing hours in selected service centres from 3pm to 6pm.
The bank also announced that it has extended banking hours on Saturdays from 11 am to 2 pm.
FMB General Manager Phillip Madinga said the extension of closing time will begin with selected service centres in the major towns and cities such as Blantyre, Lilongwe, Zomba and Mzuzu.
He added that the bank expects to extend the banking hours of all its branches in due course.
“We at FMB are pleased to announce another first in the Malawian banking sector. We are happy to be the first bank to provide banking services as late as 6pm.
“We believe the development will give enough time to customers who are busy during working hours to access banking services after work,” said Madinga.
He added that the move will also help traders to bank their money even after working hours.
FMB is a public limited liability company incorporated in Malawi under the Malawi Companies Act, 1984. It is listed on the Malawi Stock Exchange and is registered as a commercial bank under the Banking Act 2010.
It has four wholly owned subsidiaries incorporated in Malawi namely the Leasing and Finance Company of Malawi Limited, FMB Pensions Limited, FMB Capital Markets Limited and FMB Forex Bureau Limited.
FMB also holds a 70 percent shareholding in Capital Bank Limited, a licensed commercial bank incorporated in Mozambique, a 38.60 percent shareholding in Capital Bank Limited, a licensed commercial bank incorporated in Botswana and 49 percent in First Capital Bank Limited, a licensed commercial bank incorporated in Zambia.
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