NBS Bank Plc and Malawi Prison Service (MPS) have signed a Memorandum of Understanding (MoU) that will see officers from the service accessing various services from the Bank conveniently.<\/p>\n
Speaking on the MOU signing whose ceremony was held at Prison Offices in Zomba on Monday, NBS Bank Acting Cluster Manager Southern and Eastern Region Andrew Kambalame said the partnership is aimed at easing processes for the officers to access NBS Bank loans.<\/p>\n
\u201cIt is about us offering loans with flexible terms to members of Malawi Prison Service where they will access better services with tailored solutions for them. The agreement will ease the process to access the loans, from application to the release of the funds to ensure they are spending less time on their financial transactions.\u201d<\/p>\n
\u201cWe are also offering financial literacy services to them. So, the officers will have an opportunity to have a financial advisory on what they can do with the finances or how best they can utilize their finances with NBS Bank,\u201d said Kambalame.<\/p>\n
He further indicated that the officers would be able to access the \u2018Easy Civil Account\u2019 which is for civil servants, Smart Finance which offers the officers a chance to access goods and services such as iron sheets, building materials, and electronics, among others from particular companies that are in partnership with NBS Bank.<\/p>\n
MPS Commissioner General, Masauko Wiscot commended NBS Bank for formalizing the partnership which he said has existed for a long time.<\/p>\n
\u201cWe have been in partnership for a long time only that it was not formalized. NBS Bank has given out loans to our officers, but we missed this link where the partnership was supposed to be formalized.\u201d<\/p>\n
\u201cThis is a very significant step because our officers used to struggle to access Bank loans, but looking at the spectrum of services that NBS Bank is offering our officers, it will also offer them a chance to plan for their retirement. We have had problems with our officers retiring without proper homes.,\u201d explained Wiscot.<\/p>\n
The officers will also be able to access vehicle financing as well as mortgages from the Bank, according to the MoU.<\/p>\n
Source: https:\/\/www.maravipost.com\/nbs-bank-prison-service-partner-for-convenient-service-offering<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" NBS Bank Plc and Malawi Prison Service (MPS) have signed a Memorandum of Understanding (MoU) that will see officers from the service accessing various services from the Bank conveniently. Speaking on the MOU signing whose ceremony was held at Prison Offices in Zomba on Monday, NBS Bank Acting Cluster Manager Southern and Eastern Region Andrew<\/p>\n","protected":false},"author":1,"featured_media":4886,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[],"class_list":["post-4883","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"publishpress_future_action":{"enabled":false,"date":"2026-05-21 18:38:59","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts\/4883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/comments?post=4883"}],"version-history":[{"count":3,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts\/4883\/revisions"}],"predecessor-version":[{"id":4887,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/posts\/4883\/revisions\/4887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/media\/4886"}],"wp:attachment":[{"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/media?parent=4883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/categories?post=4883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nbs.mw\/test\/wp-json\/wp\/v2\/tags?post=4883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}