NBS Bank is today engaging investors to share their performance outlook ahead of the bank’s Annual General Meeting later this month.
Its officials say the bank’s post tax profits have grown by 56% from K18.9 billion in 2022 to K29.4 billion in 2023.
Making a presentation during the investor forum in Blantyre, the bank’s Chief Financial Officer, Ernest Tembo, says they have registered a significant growth in their income, which is attributable to customer deposits.
The bank’s customer deposits grew by K161billion (43%) to sit at K539 billion in the same period.
