The National Planning Commission (NPC) has commended Standard Bank for taking a leading role in contributing to national economic development.
NPC Director General Dr Thomas Munthali is speaking in Lilongwe where launch of the bank’s 2022 Report to Society is underway
“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 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 have 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 Repprt to Society is an annual compendium of Standard Bank’s contributions to national development and designed using the bank’s unique Social Economic and Environmental (SEE) framework.