Since the merger between New Finance (NFB) and Getbucks Malawi to form MyBucks Banking Corporation, the company is expecting a notable business growth.

MyBucks Chief Commercial Manager, Bernard Mkandawire, attributed the optimism due to evidence by an increased customer base, deposits, assets and capital base among other factors.

Last year the bank closed its loan book at K11 billion and this year, it expects to close at K25 billion this year. Mkandawire said deposits are also expected to grow to about K54 billion. Customer base has grown from 47, 000 to 70, 000.

On the other hand, the bank has hailed its digital banking initiative, stating that it makes banking way cheaper to the customer as travel expenses are cut, long queues in the bank are minimised and banking is done at one’s place of comfort at any time.