Includes special features of this country’s banking system and rules/laws that might impact U.S. business.
Last Published: 6/7/2016

Malawi has a generally sound banking sector, overseen and regulated by the Reserve Bank of Malawi -- the central bank.  There are ten full-service commercial banks.  The three largest banks -- National Bank of Malawi, Standard Bank, and FDH Bank -- collectively command almost 70% of all banking deposits.  In 2014, Malawi’s banks’ total aggregate assets reached MWK 785 billion ($1.1 billion).

Malawi neither has nor requires depositor insurance, but the RBM enforces safeguards and capital requirements.  The RBM has guidelines on capital adequacy, liquidity ratio, etc., and adopted Basel II standards in January 2014. International accounting standards adopted by the Institute of Chartered Accountants in Malawi (ICAM) apply to banks.  Bank financial statements are in compliance with these standards, and are audited by internationally recognized firms including KPMG, Ernst & Young, and Deloitte.

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Malawi Market Access Banks