The Banker’s Lakeshore Indaba receives K10 million in aid from Std Bank

… held a series of “Growth Dialogues” events to explore the integration of sustainable development in the banking industry

Standard Bank plc listed on the Malawi Stock Exchange has donated K10 million to the Bankers Association of Malawi (BAM) to support the association’s annual Lakeside Conference in Mangochi on Thursday.

The conference is the banking industry’s premier event, bringing together professionals to share knowledge, discuss industry trends and build connections.

Introducing the sponsorship, Head of Commercial Banking, Pempho Chalamanda, said Standard Bank’s contribution demonstrates its commitment to the development of the financial sector and support for initiatives to boost economic growth in Malawi.

“Our donations and participation in conferences reflect our dedication to the growth of our industry and our commitment to making a positive impact in the communities we serve,” she said.

During the conference, Standard Bank will host the Growth Dialogue series of forums, providing a platform for industry leaders to engage in meaningful discussions on Malawi’s economic growth prospects, challenges and opportunities.

The theme of the “Growth Dialogue” session of the BAM conference was how banks can effectively integrate sustainability into their core business strategies while balancing profitability.

“We are honored to support BAM’s annual Lakeside Conference and host the Growth Dialogue Forum, which is consistent with our purpose of driving development in Malawi,” said Chalamanda.

BAM Executive Director Lyness Nkungula thanked Standard Bank for its contribution, saying the bank provided a timely impetus to this year’s conference.

“We are grateful for Standard Bank’s support and participation which will contribute to the success of the conference. We are promoting financial inclusion which goes well with this year’s theme,” she said.

BAM is optimistic that this year’s conference will provide a platform for bankers to address issues that are revolutionary in the banking industry.

“This year’s BAM conference provides a huge opportunity for the growth and advancement of the sector. We are confident that discussions at the conference will help estimate significant investments that will boost the country’s socio-economic development,” she said.

The theme of this year’s BAM Annual Lakeside Conference is “Bridging the Gap: Inclusive Banking and Sustainable Development for All”.