Overview:
Established in 1964, the Reserve Bank of Malawi (RBM) is the nation’s central bank.
Description:
The Reserve Bank of Malawi regulates commercial banks and non-bank financial institutions. The responsibilities of the Bank are to ensure the soundness of the financial system through the licensing process and regular supervision of the financial sector. Non-profit organizations are regulated by the Registrar of Companies, which only reviews annual returns of private sector microfinance companies. Unlicensed microfinance non-governmental organizations (NGOs) have limited review under the Council for Non-Governmental Organizations in Malawi.
Organization’s Website:
http://www.rbm.mw/
Just the Facts:
Year founded: 1964
Chief officer: Dr. Perks Ligoya, Governor
Basis for legal authority: Banking Act (1989)
Contact Information:
Reserve Bank of Malawi, headquarters
Box 30063, Capital City
Linlongwe 3 Malawi
Tel: +265 1 770600
Fax: +265 1 772752
Email: webmaster@rbm.mw
———————————————————–
Additional Resources:
Latest News & Publications:
http://www.rbm.mw/publications/index.asp?suburl=er
Link to MicroCapital Universe Wiki Page:
http://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Reserve+Bank+of+Malawi+%28RBM%29