ATLANTA, (MaraviPost): During the UK-Malawi Investment Summit, His Excellency Professor Arthur Peter Mutharika had also a successful discussion with Yvonne Ike who is the Managing Director and Head of Sub-Saharan Africa at the Bank of America.
During the meeting, the Bank of America showed strong interest to establish itself in Malawi. Since their indicative interest rates are competitive; Malawi President Peter Mutharika warmly welcomed them to do business in Malawi.
Bank of America coming would help Malawi’s private sector access affordable loans and that could energize our private sector.
Apparently, Malawi President Professor Peter Mutharika used the visit to the UK to tell Malawi’s story in a bold way.
The Bank of America Corporation (abbreviated as BofA) is an American multinational investment bank and financial services company headquartered in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Founded in San Francisco, Bank of America was formed through NationsBank’s acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase.
As a part of the Big Four, it services approximately 10.73% of all-American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
