Speaking at a staff recognition awards ceremony held in Lilongwe, the bank’s Chief Executive Officer George Partridge explained that operations of Indebank will be integrated into National Bank as required by law adding that the plans are expected to come into fruition in the coming year.

“We’ll take on the business, all the assets and liabilities we’ll integrate them into National bank that will mean more volumes for us; but we’ll also create opportunity for other businesses as we put it in our bid plan”. Revealed Partridge.

Although they are yet to name the new bank, Partridge stated that Indebank’s take over will help deepen the country’s financial market which is lacking at the moment.

“We don’t have venture capital funding, equity finance funding and development financing and after all is said and done we hope to have an Indebank that will cater for financial inclusion” Explained Partridge.

Commenting on the year just ending, he pointed out that it has not been glamorous which he attributed to the poor performance of the economy.

“The operating environment was not conducive for good business. We rely on our customers; if our customers are in trouble, it means that we also feel the pinch that they are feeling” Lamented the National Bank Boss.

On the awards the bank hosted for its staff he said they had to be rewarded for excelling above others and urged them to continue to good work.

He observed that being a financial company, the inherent risk they carry is fraud and commended some of its staff who were rewarded for being vigilant in unearthing fraud from some companies who form its customer base.