Malawi: Long Road Ahead As RBM Waits On Compensation Assessment for Finance Bank

Malawi: Long Road Ahead As RBM Waits On Compensation Assessment for Finance Bank

The Reserve Bank of Malawi (RBM) has indicated that it will not immediately move to compensate Finance Bank of Malawi (FBM) despite a recent Supreme Court of Appeal ruling in the bank's favour, signalling that the long-running legal battle is far from over in practical terms.

AG Frank Mbeta Clarifies: No Trillions of Kwacha Ordered for Finance Bank - Malawi Nyasa Times - News from Malawi about Malawi

Attorney General Frank Mbeta has dismissed claims circulating on social media that the Supreme Court of Appeal (SCA) ordered the Reserve Bank of Malawi (RBM) to pay trillions of Kwacha to Finance Bank of Malawi Limited, saying these figures are false and do not exist in the court’s ruling. Mbeta explained that while the SCA […] The post AG Frank Mbeta Clarifies: No Trillions of Kwacha Ordered for Finance Bank appeared first on Malawi Nyasa Times…

Finance Bank legal team banks on financial experts’ calculations

By Isaac Salima: The Reserve Bank of Malawi (RBM) has disclosed that it will wait for the assessment of compensation before responding to the Supreme Court of Appeal ruling. Last week, the Supreme …