请输入您要查询的百科知识:

 

词条 Indebank
释义

  1. Overview

  2. History

  3. Ownership

  4. Branch network

  5. See also

  6. References

  7. External links

{{short description|Malawi bank}}{{Infobox company |
  name   = Indebank|  logo   = |  type   = Private|  company_slogan = |  foundation     = 1972|  location       = Indebank House 
Blantyre, Malawi| key_people = Managing Director| num_employees = | assets = US$79 million (MWK:12.8 billion) (2010)| revenue = {{profit}}:Pretax:US$2.8 million (MWK:455+ million) (2010)| industry = Financial Services| products = Loans, Checking, Savings, Investments, Debit Cards| homepage = Homepage

}}Indebank was a commercial bank in Malawi. It derived its name from Investment and Development Bank of Malawi Limited, the original name at the time of its founding. Indebank is one of the commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.[1]

Indebank ceased to operate on 30 April 2016 and its operating assets and liabilities were acquired by National Bank of Malawi effective 1 May 2016. Indebank's banking licence was

consequently surrendered to the central bank.

Overview

The bank was a medium-sized financial services provider in Malawi. {{asof|December 2010}}, the bank's total assets were valued at approximately US$79 million (MWK:12.8 billion), with shareholders' equity of approximately US$13.1 million (MWK:2.1 billion).[2] The Malawian Government was the largest shareholder in the bank. Indebank maintains three subsidiaries:[3]

  1. Indetrust Holdings Limited: 51% shareholding - Real estate leasing
  2. Indetrust Limited: 100% shareholding - Pension fund manager
  3. Indebank Financial Services Limited: 100% shareholding - Currently dormant

History

Indebank was established in 1972. In the beginning, the institution was a development bank. In 2001, Indebank transformed into a commercial bank following the issuance of a commercial banking license. In June 2010, TransAfrica Holdings Limited, a private equity firm based in Mauritius divested its 41.38% shareholding in Indebank. That ownership interest was acquired by the Government of Malawi at an undisclosed sales price. The government had indicated its desire to sell its interest in Indebank at an IPO on the Malawi Stock Exchange in the future.[4]

Ownership

The bank's stock was owned by the following corporate entities:[5][6]

Indebank Stock Ownership
RankName of OwnerPercentage Ownership
1Government of Malawi41.38
2Press Trust of Malawi30.00
3Admarc Investments Limited of Malawi25.67
4Indebank Employee Investment Plan02.95
Total100.00

Branch network

The bank maintained nine (9) branches, five (5) of which, are full service branches in the metropolitan areas of Blantyre, the business capital and of Lilongwe, the political capital of Malawi.[7] The remaining four (4) agency branches are located in the towns of Mponela, Salima, Luchenza and Karonga.[8]

See also

  • List of banks in Malawi
  • Reserve Bank of Malawi
  • Economy of Malawi

References

1. ^List of Licensed Commercial Banks In Malawi
2. ^31 December 2010 Audited Financial Statement
3. ^About Indebank
4. ^Government Plans Indebank IPO
5. ^Shareholders in Indebank
6. ^Shareholding In 2010
7. ^Location of Indebank Full Service Branches
8. ^Location of Agency Branches of Indebank

External links

  • Website of Indebank
  • Website of Reserve Bank of Malawi
  • Company Profile At Mbendi.com

2 : Banks of Malawi|Banks established in 1972

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/11/11 9:02:25