NBS Bank projects K73 billion profit for 2024

NBS Bank plc has announced a significant leap in profitability for the year ending 31 December 2024, projecting a profit after tax between K68.6 billion and K72.5 billion.

This marks an exceptional growth of between 133% and 146.6% compared to the K29.4 billion reported for the same period in 2023 for the ‘Caring Bank’.

In compliance with the Malawi Stock Exchange (MSE) Listings Requirements, the Bank issued a Trading Statement confirming a high degree of certainty regarding its financial performance for the year.