NBS Bank Plc has issued a trading statement forecasting a remarkable increase in profit after tax for the financial year ending 31st December 2024. The bank expects its profit to range between MWK 68.6 billion and MWK 72.5 billion, representing an impressive growth of 133% to 146.6% compared to the MWK 29.4 billion recorded in 2023.
Key Highlights
- Expected Profit After Tax: MWK 68.6 billion to MWK 72.5 billion.
- Growth: 133% to 146.6% year-on-year.
- FY2023 Profit After Tax: MWK 29.4 billion.
This growth highlights NBS Bank’s strong performance and ability to deliver significant shareholder value, even in a challenging economic environment. The increase is attributed to the bank’s enhanced operational strategies and focus on efficiency.
