National Bank of Malawi (MAL:NBM) won a bid to acquire 67.05% stake in INDEbank Limited from Malawi Government for MWK 6.3 billion on April 24, 2015. The transaction is subject to approval of Ministry of Finance.


National Bank of Malawi (MAL:NBM) completed the acquisition of 67.05% stake in INDEbank Limited from Malawi Government on July 2, 2015.