Friday, August 12News That Matters

๐Œ๐ฒ๐๐ฎ๐œ๐ค๐ฌ ๐ข๐ง๐ญ๐ซ๐จ๐๐ฎ๐œ๐ž๐ฌ ๐Š๐Ÿ๐ŸŽ๐ŸŽ ๐Œ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐”๐ง๐ฌ๐ž๐œ๐ฎ๐ซ๐ž๐ ๐›๐ข๐ ๐›๐จ๐ง๐๐ฌ ๐Ÿ๐จ๐ซ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ž, ๐’๐ฆ๐š๐ฅ๐ฅ ๐š๐ง๐ ๐Œ๐ž๐๐ข๐ฎ๐ฆ ๐„๐ง๐ญ๐ž๐ซ๐ฉ๐ซ๐ข๐ฌ๐ž๐ฌ

Share the story

MyBucks Banking Corporation has announced that it has introduced unsecured bid bonds of up to K100,000,000 in a bid to support Corporates and Small and Medium enterprises which are into executing contracts and tenders so that they meet clients demands in a timely manner when awarded contracts.

Commenting on the development, MyBucksโ€™ Head of Credit, Loti Nyasulu said โ€œthe development is in line with the bankโ€™s goals of leveraging on partnerships to provide better service for our clientele. As a financial institution that values partnerships, we have seen it important to bring in a solution to our clients with an intent of unlocking their business potentials so that they can become more successful in executing their client demands when they get selected as the successful biddersโ€, he said.

Nyasulu highlighted that as a procedure, โ€œa client should first of all have an account with the bank, then submit their application along with their latest management accounts and audited accounts through their domiciled branches or Relationship Managers and get assisted within 48 hoursโ€.

He further said that โ€œas a bank, this is a solution providing product as it is intended to responds to clientsโ€™ needs for convenience and effectiveness and the bank looks forward to seeing growth among Corporate and Small and medium enterprises in the countryโ€.

MyBucks is a fully-fledged bank with 14 branches across the country, including Blantyre, Lilongwe, Mzuzu, Zomba, Mangochi, Dzaleka and Kasungu. It also has over 100 agents, 30 ATMS, 3 Forex Bureaus and a Microfinance Division. MyBucks offers a full range of banking products and services, as well as Bancassurance and Microfinance products.

Related News
Felix Chitera Head of Alternate Channels

Felix is the Head of Channels at MyBucks since April, 2020. He is responsible for the digital channels and agency Read more


The Reserve Bank of Malawi (RBM) has refuted social media speculation claiming that the Bank is planning to release a Read more

Tobacco Rakes In K170 Billion Sales

The 2022 tobacco marketing season has raked in about K170 billion as of 15 July. Tobacco Commission (TC) Spokesperson, Telephorus Read more


Small Scale Business Operators Association in Malawi has threatened to stage national protests should the judiciary continue to delay pronouncing Read more

Umodzi Holdings Post Profit

Umodzi Holdings Limited, which owns BICC, Malawi Square, Presidents Hotel and Presidential Villas, has said it has posted it's first Read more

Minibus Fares Gone Up

Minibus fares have gone up in the central region and some parts of the southern region due to the fuel Read more

Crown Fashions To Close Shop Friday June 17

Malawi's economic crisis has forced Crown Fashions Limited, which was established in 1975, to close its manufacturing operations. A letter Read more

Ethiopian Airways Resumes Ticketing Services In Malawi

Ethiopian Airlines has resumed ticketing services for all travel agents in Malawi with effect from today, barely three weeks after Read more

MyBucks Banking Corporation Expand Bancassurance

One of the players in the financial market MyBucks Banking Corporation has announced that is has expanded its bancassurance offering Read more

Share the story

Leave a Reply

Your email address will not be published.