NBS Bank Plc has revised its profit forecast for the year ended December 31, 2024, with profit after tax (PAT) now expected to be between MWK72.5 billion and MWK73.0 billion. This represents a 147% to 148% increase compared to the MWK29.4 billion reported in 2023.
This upward revision follows the bank’s initial trading statement released on December 30, 2024, where PAT was projected to range between MWK68.6 billion and MWK72.5 billion, reflecting an expected 133% to 147% growth from the previous year.
NBS Bank’s strong profit forecast underscores its resilience in Malawi’s challenging economic environment, boosting investor confidence. With the banking sector seeing heightened stock market activity, this revision could positively influence NBS Bank’s share price performance on the Malawi Stock Exchange
