NPC applauds Standard Bank for national development contributions
Munthali, The banks is complimenting efforts to realize MW2063
The National Planning Commission (NPC) has underscored the need for players in the private sector to play a leading role in contributing to national economic development, towards realization of the MW2063 agenda.
NPC Director General Thomas Munthali made the remarks in Lilongwe on Thursday during the launch of the Standard Bank Plc. 2022 Report to Society.
“NPC commends Standard Bank’s novel approach and which is the first of its kind in the banking sector. The bank is helping to grow our resource mobilization efforts, and complementing efforts to realise our goals under MW2063 vision,” said Munthali.
The NPC DG also urged the bank to consider providing long-term financing to help the country create more wealth.
Standard Bank Chief Executive Phillip Madinga has pledged the bank’s commitment to continue its contributions to national development.
Madinga highlighted that in 2022, the bank has made a huge impact in various social economic and environmental sectors.
“In 2022 as a Bank we invested a lot in Health, Youth Empowerment, Education and Skills Development, responsible lending, financial inclusion and enterprise development, job creation, infrastructure, trade, green solutions, green banking and protection of natural resources. These have had a big impact to our agenda of driving Malawi’s economy which we call our home,” he said.
The Report to Society is an annual compendium of Standard Bank’s contributions to national development and is designed using the bank’s unique Social Economic and Environmental (SEE) framework.
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