GOVERNMENT PRESS STATEMENT ON THE SALE OF MALAWI SAVINGS BANK (MSB)

“His Excellency the State President, Professor Arthur Peter Mutharika, after listening to the
public debate and, after balancing all matters surrounding the proposed sale of the Malawi Savings Bank, the President,
based on powers conferred on him by the Constitution of the Republic of Malawi, has
decided that the Malawi Government should sell part of its shares in Malawi Savings Bank.
In view of this decision, the Government shall proceed to sell seventy-five percent (75%) of its shares to the winning bidder
and reserve the remaining twenty-five percent (25%) for the public. The general public is, therefore, assured that the sale of
the Government shares in MSB shall not, in any way, result in closures of any branches
currently operating through-out the country.”

Press Secretary
Gerald Viola
KAMUZU PALACE- STATE HOUSE-LILONGWE

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