A Financial Stability Report dated in June this year has shown that total banking sector assets grew by 4.4% to K1, 744.1 billion in the first half of 2019. The report by the Reserve Bank of Malawi (RBM) attributes the increase to growth in gross loans and leases of 12.7% to K578.2 billion in June 2019.

RBM says the sector remained well capitalised with capital ratios above regulatory benchmarks. Core and total capital ratios stood at 16.4% and 20.4% and were above the regulatory minimum benchmarks of 10.0 and 15.0%, respectively.

On the other hand, the Reserve Bank of Malawi (RBM) has posted that private sector credit grew by 17.1% year-on-year in June 2019, from 11.8% in March 2019 and 2.1% in June 2018.