In a strategic move to enhance financial inclusion and accessibility, Centenary Bank Limited has unveiled two new branches in Malawi this July, marking a significant expansion of its operational network. The strategic locations of these branches underline the bank's commitment to serving diverse communities and promoting economic growth in previously underserved areas.

Commenting on the developments, Acting Managing Director for Centenary Bank, Mr. Godfrey Byekwaso said “the first branch, opened in Mchinji District, is strategically positioned near the Malawi-Zambia border. This location which is a crucial financial hub which will be serving not only local residents but also facilitating cross-border trade and transactions. The proximity to the border is expected to streamline financial services for businesses and individuals engaged in international commerce, potentially boosting economic activities in the district”.

Mr. Byekwaso pointed out that “the second branch, located in Chikwawa District near Dyeratu Trading Centre in Malawi's southern region, aims to bring banking services closer to the rural population. This area, known for its agricultural activities and small-scale businesses, has long been in need of accessible financial services. The new branch is set to play a pivotal role in supporting local farmers, traders, and entrepreneurs by providing them with essential banking facilities and financial products”.

Mr. Byekwaso further expressed enthusiasm about these recent developments stating “By establishing ourselves in these strategic locations, we are not only bringing banking services closer to the people but also investing in the economic future of these regions”. The two branches will act as a hub to the bank’s expanding agency banking network.

The bank believes that access to financial services is a catalyst for development. These new branches will offer a full range of banking products and services, from savings accounts and loans to mobile banking solutions, tailored to meet the unique needs of the communities. In addition, Centenary Bank has announced plans to implement financial literacy programs in both regions, aiming to educate residents about effective money management and the benefits of formal banking.

With these new additions, Centenary Bank now boasts of a network of 16 branches across Malawi, reinforcing its position as a key player in the country's financial sector. As the bank settles into its new locations, both local communities and the broader economic landscape of Malawi stand to benefit from increased access to formal financial services.