A profitable, sustainable and transformational Bank.
To provide customized financial solutions to the economically active people in Malawi and identified stakeholders through
optimized processes, technology and productive staff.
To provide customized financial solutions to the economically active people in Malawi and identified
stakeholders through optimized processes, technology and productive staff.
Commitment - To our clients and their transformation.
Humility - A spirit of serving in all we do.
Respect - 360 degrees of consideration and teamwork.
Integrity - Living our values with transparency and consistency.
Stewardship - Accountability and urgency.
Transformation - Our ultimate goal in ourselves and others.
Opportunity Bank Malawi (OBM) was granted a full commercial banking license on March 21, 2002 and opened its first branch in Lilongwe on May 23, 2003. Opportunity Bank is a commercial bank which targets economically active Malawians and identified stakeholders through optimized processes, technology and productive staff.
The bank’s vision is by the Opportunity International Network (OIN) commitment to a “Triple-Bottom Line” comprised of large scale outreach, profitability and client transformation.
OIN is behind some innovating financial products to let people move out of poverty. Opportunity Bank’s approach is to provide access to multiple financial services (depository, lending, insurance and payment systems) in the deprived communities within the areas of its operation.
Opportunity Bank’s focus is to provide sustainable but flexible savings as a key service and other financial services.
The OBM turnaround strategy 2015-2020 aims at transforming the bank to ensure its continued growth and prosperity and seeks to formulate and implement appropriately integrated strategic, organizational and operational responses to internal and external conditions. The focus going forward is overhauling the business from the top line that is
venturing into new markets, new business units and new products to catapult the growth of the revenue base on the path to profitability.
OBM has introduced distinct business segments which are namely Retail/Micro Business and Small to medium enterprises (SME). The Retail and Micro business will continue to service the retail segment and the SME business will focus on the high value end business clients which will also see the introduction of Trade Finance as part of the bank’s product offering.
BANKS PERFORMANCE & INNOVATIONS
The theme of the strategy itself is “moving from current organizational challenge to new rules, re-invigorated processes and sustainable existence”. To achieve this feat, the turnaround strategy is thus aligned to the revised Strategy Foundations, Vision, Mission, Values and strategic recovery pillars of PROFITABILITY, INCOME IMPROVEMENT, COST REDUCTION, REGULATORY COMPLIANCE, IMPROVEMENT OF RISK PROFILE, EXECUTION, and EFFICIENT DONOR MANAGEMENT AND IMPROVED ORGANISATIONAL PERFORMANCE.
The revised, updated and re-generated Vision, Mission and Values statements are further interpreted as placing OBM in a state of financial viability and longevity, while being the leading authority and example on reforming and altering both itself as an organization and the lives of its customers, staff and identified stakeholders. The Mission asserts that OBM will succeed for itself and for its stakeholders by being solution driven, with optimal processes, technological support, a staff base that is equipped, engaged and satisfied enough within them to be able to satisfy their stakeholders.
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