{"id":7758,"date":"2024-07-03T17:36:03","date_gmt":"2024-07-03T17:36:03","guid":{"rendered":"https:\/\/malawinewsnetworks.com\/?p=7758"},"modified":"2024-07-15T12:19:24","modified_gmt":"2024-07-15T12:19:24","slug":"nbm-plc-introduces-share-purchase-loan","status":"publish","type":"post","link":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/","title":{"rendered":"NBM Plc introduces Share Purchase Loan"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

National Bank of Malawi (NBM) plc has launched a share purchase loan product to enable customers to access loans and buy shares on the Malawi Stock Exchange (MSE).<\/p>\n\n\n\n

Speaking during the launch on Tuesday, NBM Head of Retail Banking Division Oswin Kasunda said the new loan facility is designed to assist customers in fulfilling dreams of acquiring shares on the MSE through Stockbrokers Malawi Limited.<\/p>\n\n\n\n

\u201cThe loan shall be secured by either existing shares that a customer already holds on the MSE or the purchased shares at 85 percent of the market value. This means that if the new shares being bought are to be used as collateral, the customer will contribute 15 percent, while the Bank will pay 85 percent of the purchase cost.”<\/p>\n\n\n\n

“The loan will have a maximum repayment period of 36 months, a minimum loan amount of K250,000, and a maximum loan amount dependent on a customer\u2019s capacity to repay subject to the loan repayment to income ratio not exceeding 30%,” said Kasunda.<\/p>\n\n\n\n

He further indicated that it was established tthrough their market assessment and research, that many customers were looking for a facility that would allow them to buy shares on credit.<\/p>\n\n\n\n

“However, the Stockbrokers Malawi Limited license does not allow it to lend money to clients. National Bank of Malawi plc is in the business of lending, hence addressing the challenge that investors or would-be investors face in buying shares on a cash basis,\u201d said Kasunda.<\/p>\n\n\n\n

In his remarks, Stockbrokers Malawi Limited Chief Executive Officer Noel Kadzakumanja said they hope the product will boost trading in the market.<\/p>\n\n\n\n

\u201cThis loan is trying to address the problem that customers had, in the past, they were stuck because they didn\u2019t have the cash to buy shares,” said Kadzakumanja.<\/p>\n\n\n\n

The facility is open to customers whose regular income is paid directly into their NBM Bank plc account and will enable them to buy on any share counter.<\/p>\n","protected":false},"excerpt":{"rendered":"

National Bank of Malawi (NBM) plc has launched a share purchase loan product to enable customers to access loans and buy shares on the Malawi Stock Exchange (MSE). Speaking during the launch on Tuesday, NBM Head of Retail Banking Division Oswin Kasunda said the new loan facility is designed to assist customers in fulfilling dreams of acquiring […]<\/p>\n","protected":false},"author":3,"featured_media":7759,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,1],"tags":[],"class_list":{"0":"post-7758","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-latest"},"yoast_head":"\nNBM Plc introduces Share Purchase Loan - Malawi News Network<\/title>\n<meta name=\"description\" content=\"Malawi news, Nyasa times, Malawi Breaking new\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBM Plc introduces Share Purchase Loan - Malawi News Network\" \/>\n<meta property=\"og:description\" content=\"Malawi news, Nyasa times, Malawi Breaking new\" \/>\n<meta property=\"og:url\" content=\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Malawi News Network\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-03T17:36:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-15T12:19:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2020\" \/>\n\t<meta property=\"og:image:height\" content=\"1560\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MNN Reporter\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MNN Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/\",\"url\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/\",\"name\":\"NBM Plc introduces Share Purchase Loan - Malawi News Network\",\"isPartOf\":{\"@id\":\"https:\/\/malawinewsnetworks.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg\",\"datePublished\":\"2024-07-03T17:36:03+00:00\",\"dateModified\":\"2024-07-15T12:19:24+00:00\",\"author\":{\"@id\":\"https:\/\/malawinewsnetworks.com\/#\/schema\/person\/56ca6d72d2b98222eafb0860c313c3d9\"},\"description\":\"Malawi news, Nyasa times, Malawi Breaking new\",\"breadcrumb\":{\"@id\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#primaryimage\",\"url\":\"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg\",\"contentUrl\":\"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg\",\"width\":2020,\"height\":1560},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/malawinewsnetworks.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NBM Plc introduces Share Purchase Loan\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/malawinewsnetworks.com\/#website\",\"url\":\"https:\/\/malawinewsnetworks.com\/\",\"name\":\"Malawi News Network\",\"description\":\"Malawi's trusted news source\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/malawinewsnetworks.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/malawinewsnetworks.com\/#\/schema\/person\/56ca6d72d2b98222eafb0860c313c3d9\",\"name\":\"MNN Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/malawinewsnetworks.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d18aed7a832381e4ed8c8261934b367d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d18aed7a832381e4ed8c8261934b367d?s=96&d=mm&r=g\",\"caption\":\"MNN Reporter\"},\"sameAs\":[\"http:\/\/www.malawinewsnetworks.com\"],\"url\":\"https:\/\/malawinewsnetworks.com\/author\/malawinews\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NBM Plc introduces Share Purchase Loan - Malawi News Network","description":"Malawi news, Nyasa times, Malawi Breaking new","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/","og_locale":"en_US","og_type":"article","og_title":"NBM Plc introduces Share Purchase Loan - Malawi News Network","og_description":"Malawi news, Nyasa times, Malawi Breaking new","og_url":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/","og_site_name":"Malawi News Network","article_published_time":"2024-07-03T17:36:03+00:00","article_modified_time":"2024-07-15T12:19:24+00:00","og_image":[{"width":2020,"height":1560,"url":"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg","type":"image\/jpeg"}],"author":"MNN Reporter","twitter_card":"summary_large_image","twitter_misc":{"Written by":"MNN Reporter","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/","url":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/","name":"NBM Plc introduces Share Purchase Loan - Malawi News Network","isPartOf":{"@id":"https:\/\/malawinewsnetworks.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#primaryimage"},"image":{"@id":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg","datePublished":"2024-07-03T17:36:03+00:00","dateModified":"2024-07-15T12:19:24+00:00","author":{"@id":"https:\/\/malawinewsnetworks.com\/#\/schema\/person\/56ca6d72d2b98222eafb0860c313c3d9"},"description":"Malawi news, Nyasa times, Malawi Breaking new","breadcrumb":{"@id":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#primaryimage","url":"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg","contentUrl":"https:\/\/malawinewsnetworks.com\/wp-content\/uploads\/2024\/07\/NBM-Kasunda-left-with-Stockbrokers-Malawi-Limited-CEO-Kadzakumanja-.jpg","width":2020,"height":1560},{"@type":"BreadcrumbList","@id":"https:\/\/malawinewsnetworks.com\/2024\/07\/03\/nbm-plc-introduces-share-purchase-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/malawinewsnetworks.com\/"},{"@type":"ListItem","position":2,"name":"NBM Plc introduces Share Purchase Loan"}]},{"@type":"WebSite","@id":"https:\/\/malawinewsnetworks.com\/#website","url":"https:\/\/malawinewsnetworks.com\/","name":"Malawi News Network","description":"Malawi's trusted news source","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/malawinewsnetworks.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/malawinewsnetworks.com\/#\/schema\/person\/56ca6d72d2b98222eafb0860c313c3d9","name":"MNN Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/malawinewsnetworks.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d18aed7a832381e4ed8c8261934b367d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d18aed7a832381e4ed8c8261934b367d?s=96&d=mm&r=g","caption":"MNN Reporter"},"sameAs":["http:\/\/www.malawinewsnetworks.com"],"url":"https:\/\/malawinewsnetworks.com\/author\/malawinews\/"}]}},"_links":{"self":[{"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/posts\/7758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/comments?post=7758"}],"version-history":[{"count":1,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/posts\/7758\/revisions"}],"predecessor-version":[{"id":7760,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/posts\/7758\/revisions\/7760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/media\/7759"}],"wp:attachment":[{"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/media?parent=7758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/categories?post=7758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malawinewsnetworks.com\/wp-json\/wp\/v2\/tags?post=7758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}