Reserve Bank of Malawi

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:

  1. Ensuring that banks and financial institutions are operating in a safe and sound manner by providing a quality, professional supervisory and regulatory service.
  2. Protecting the interests of depositors and other creditors of the financial system
  3. Maintaining public confidence in the country’s banks and financial institutions by ensuring fairness, efficiency, and orderliness of the banking sector.
  4. Promoting innovative platforms and regulation that supports inclusive finance, to allow for higher access and usage of financial services to a larger population.
  5. Reducing and deterring financial crime in the financial institutions.
Contact Details

Further 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

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

Document Title Date Uploaded
Agent Banking Regulations 2018 Jan 24, 2019
Annual Audit Directive 2018 Jan 24, 2019
Asset Classification Directive 2018 Jan 24, 2019
Capital Adequacy Directive 2018 Jan 24, 2019
Consolidated Supervision Directive Jan 24, 2019
Credit Reference Bureau Regulation Jan 24, 2019
Disclosure of Credit Products Directive 2018 Jan 24, 2019
Fit and Proper Directive 2018 Jan 24, 2019
Foreign Currency Lending Directive 2018 Jan 24, 2019
Information Management Directive 2018 Jan 24, 2019
Large Exposure Directive Jan 24, 2019
Licensing Directive 2018 Jan 24, 2019
Prompt Corrective Action Directive Jan 24, 2019
Premises Inspection Directive 2018 Jan 24, 2019
Prudential Liquidity Directive 2018 Jan 24, 2019
Related Party Directive 2018 Jan 24, 2019
Risk and Governance Directive) Jan 24, 2019
Submission of Information Directive Jan 24, 2019
Supervisory Levy Regulations 2018 Jan 24, 2019
Consolidated Supervision for Banks Directive 2018 Jul 13, 2018
Disclosure of Information by Banks Directive 2018 Jul 13, 2018
Risk and Governance for Banks Directive 2018 Jul 11, 2018
Licensing of Banks Directive 2018 Jun 14, 2018
Asset Classification for Banks Directive 2018 May 11, 2018
Annual Audit of Banks Directive Apr 27, 2018
Capital Adequacy for Banks Directive 2018 Apr 27, 2018
Transactions of Banks with Related Parties Directive 2018 Apr 27, 2018
Premises Inspection Directive 2018 Apr 27, 2018
Disclosure Requirements for Credit Products Directive 2018 Apr 27, 2018
Fit and Proper Requirements Directive 2018 Apr 27, 2018
Foreign Currency Lending Ratio Directive 2018 Apr 27, 2018
Information Management for Banks Directive 2018 Apr 27, 2018
Prompt Corrective Action for Banks Directive 2018 Apr 27, 2018
Prudential Liquidity Requirements for Banks Directive 2018 Apr 27, 2018
Submission of Information by Banks Directive 2018 Apr 27, 2018
Licensing and Regulatory Requirements for Holding Companies Directive Apr 19, 2018

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

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 Credit Reference Bureaux
  • Credit Data CRB Limited
  • TranUnion Limited
Supervisory Authorities
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