NBS Bank plc attributes 56% profit growth to good planning, digitization 

NBS Bank plc Chief Executive Officer (CEO), Kwanele Ngwenya has attributed the Bank’s outstanding performance in the year 2023 to good planning and digitization which helps them to take advantage of business opportunities.

Ngwenya was speaking during a stakeholder’s engagement in Blantyre on Wednesday, where he also explained to journalists how the Bank managed to report a profit-after-tax of K29.38 billion in 2023 from K18.9 billion in 2022 despite numerous challenges including the devaluation of the Kwacha.