By Mayamiko Phiri
BLANTYRE-(MaraviPost)-NBS bank plc has posted an after tax profits of MK7.69 billion for the year ended 31 December 2021, compared to the profits after tax of MK7.04 billion reported in 2020.
This translates to 9 percentage growth from the previous financial year.
In line with good performance of the bank, the board of directors has resolved to pay out dividend of about MK4 billion in total for all the shareholders of the bank representing MK1.35 per share.
Speaking during the bank’s Annual general meeting in Blantyre on Tuesday, June 28, 2022.
NBS bank’s Financial and audit committee chairperson Dr Matthews Mtumbuka express satisfaction with the gain the bank has achieved in the year ended December 31, 2021.
Mtumbuka further said that the gains achieved are significant especially given the context of COVID -19 pandemic which affected all aspects of life including the banking sector.
He also attributed the banks success to investing on digital transformation which enables the bank todo business much more effectively and efficiently and by allowing customers to access products driven by digital solutions which enables their customers to set up bank accounts quickly using digital system