Bank Supervision
Introduction
The bank supervision function is responsible for regulating and supervising banks and other financial institutions in Malawi.
Vision Statement
To foster financial stability and soundness of the banking system in Malawi through efficient and effective supervision and regulation.
Mission Statement
Bank Supervision Department is in the business of making a positive contribution to the safety and soundness of the banking industry, financial stability and economic development; through professional, honest, efficient, objective and transparent oversight and regulation of the banking system.
Objectives of the Bank Supervision Department
The Department has five core objectives which represent essential elements of the Mission Statement. In many respects, these objectives complement each other:
- Ensuring that banks and financial institutions are operating in a safe and sound manner by providing a quality, professional supervisory and regulatory service.
- Protecting the interests of depositors and other creditors of the financial system
- Maintaining public confidence in the country’s banks and financial institutions by ensuring fairness, efficiency, and orderliness of the banking sector.
- Promoting innovative platforms and regulation that supports inclusive finance, to allow for higher access and usage of financial services to a larger population.
- Reducing and deterring financial crime in the financial institutions.
Contact DetailsFurther information or inquiries concerning the preparation, submission and status of an application should be submitted to: |
The Director Bank Supervision Department Reserve Bank of Malawi P. O. Box 565 Blantyre Malawi Tel. No.: (265) 1 820 299 Fax No.: (265) 1 821 311 Email: BASU@rbm.mw |
Disclaimer Every effort has been made to ensure that the information herein contains accurate and reliable information prevailing at the time of publication. However, where the contents are at variance or in conflict with the Banking Act or related Guidelines and Directives issued by the Reserve Bank of Malawi, the latter shall take precedence over the former. |
Licensing Requirements and Guidelines for Banks
The purpose of a vigilant licensing process is to protect the interests of depositors and the public and help minimise future bank failures by ensuring that only fit and proper players are allowed to conduct banking business in the country. Bank licensing policy helps ensure that only shareholders of appropriate standing and repute with adequate financial capacity are licensed to conduct banking business. Subject to this requirement, impediments to the entry of new players are kept to a minimum with the view to levelling the playing field and open up the system to fair competition and product innovation |
Document Title | Date Uploaded |
---|---|
Supervisory Levy for Banks Regulations 2018 | Nov 19, 2018 |
Agent Banking Regulations | Aug 04, 2014 |
CRB Regulations | Oct 27, 2011 |
Guidelines For Mergers And Acquisitions Of Banks | Mar 16, 2011 |
Credit Reference Bureau Applications Forms | Mar 16, 2011 |
Banking Application Forms | Dec 15, 2010 |
Guidelines On Application For A Banking Licence | Dec 15, 2010 |
Directives for Banks
These are designed with the view to guiding market players on proper functioning of the banks by following international best practices. Building on the relevant Acts, the directives and guidelines afford regulatory flexibility to address emerging issues that would not otherwise wait upon the review of the acts and so add value to the financial system
NOTE:Some documents on this page are in PDF Format. To view these you will need Adobe Acrobat Reader which you can download for free |
Guidelines for Banks
These are designed with the view to guiding market players on proper functioning of the banks by following international best practices. Building on the relevant Acts, the directives and guidelines afford regulatory flexibility to address emerging issues that would not otherwise wait upon the review of the acts and so add value to the financial system
NOTE:Some documents on this page are in PDF Format. To view these you will need Adobe Acrobat Reader which you can download for free |
Document Title | Date Uploaded |
---|---|
Guidelines on Information and Cybersecurity Risk Management for Banks | Feb 06, 2020 |
AML CFT Guidelines for Financial Institutions in Malawi | Oct 12, 2018 |
ICAAP Guidelines | May 09, 2013 |
Operational Risk Guidelines | May 09, 2013 |
Market Disclosure Guidelines | May 09, 2013 |
ICAAP Internal Supervisory Guidelines | May 09, 2013 |
Guidelines - Stress Testing | May 09, 2013 |
Credit Risk Guidelines | May 09, 2013 |
Risk Management Guidelines For Malawi | Dec 15, 2010 |
Guide To Risk Management Framework - 2008 | Dec 15, 2010 |
List of Banks & Other Financial Institutions
Information on Banks and other financial institutions (deposit taking and non deposit taking) supervised by Reserve Bank of Malawi
Banks- CDH INVESTMENT BANK
- ECOBANK
- FDH BANK
- FIRST CAPITAL BANK
- NATIONAL BANK OF MALAWI
- NBS BANK
- NEDBANK
- STANDARD BANK MALAWI
- NEW FINANCE BANK MALAWI
- Credit Data CRB Limited
- TranUnion Limited
1. MINISTRY OF FINANCE | |||||
Capital Hill
P.O. BOX 30049 Lilongwe 3 Telephone:+265 1 782 199 Telex: 44407 Telefax: +265 781 679 E Mail: finance@malawi.net |
|||||
2. RESERVE BANK OF MALAWI-HEAD OFFICE | |||||
Convention Drive
P.O. BOX 30063 Lilongwe 3 Telephone:+265 1 770 600 Telex: +265 1 744 788 Telefax: +265 1 784 752 E mail: reserve-bank@rbm.mw |
|||||
3. RESERVE BANK OF MALAWI-BLANTYRE BRANCH | |||||
10 Hannover Street
P.O. BOX 565 Blantyre Telephone: +265 1 820 299/444 Telefax: +265 1 822 118 E mail: BASU@rbm.mw |
Annual Reports
NOTE:Some documents on this page are in PDF Format. To view these you will need Adobe Acrobat Reader which you can download for free |
Document Title | Date Uploaded |
---|---|
Financial Institutions Supervision Annual Report 2019 | May 12, 2020 |
Financial Institutions Supervision Annual Report 2018 | Sep 06, 2019 |
Financial Institutions Supervision Annual Report 2017 | Jul 09, 2018 |
Financial Institutions Supervision Annual Report 2016 | Oct 02, 2017 |
Financial Institutions Supervision Annual Report 2015 | Nov 11, 2016 |
Financial Institutions Supervision Annual Report 2014 | Sep 09, 2015 |
FINANCIAL SECTOR SUPERVISION ANNUAL REPORT 2013 | Oct 28, 2014 |
Bank Supervision Annual Report 2012 | Oct 31, 2013 |
BANK SUPERVISION ANNUAL REPORT 2011 | Nov 28, 2012 |
Bank Supervision Annual Report 2010 | Dec 27, 2011 |
Bank Supervision Annual Report 2009 | Jan 01, 2010 |
Bank Supervision Annual Report 2008 | Jan 01, 2009 |
Bank Supervision Annual Report 2007 | Jan 15, 2008 |
Bank Supervision Annual Report 2006 | Jan 19, 2007 |
Bank Supervision Annual Report 2005 | Jan 09, 2006 |