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Foreign currency denominated account - FCDAs

It is account maintained in another currency other than the currency of the country in which the bank is located. The operation of such an account is subject to Exchange Control Guidelines of the Reserve Bank of Malawi.

Features

  • No minimum opening amount
  • Interest is negotiable

Benefits

  • Allows client to hedge against exchange rate fluctuations
  • Client I able to make foreign payments directly from account
  • Client can explore an alternative form of Investments
  • Executive Loan

    Executive Loan

  • Asset Financing

    Asset Financing

  • Prime Investors A/c

    Prime Investors A/c

  • International Trade

    International Trade

  • Cash Covered Loan

    Cash Covered Loan

  • Foreign Currency Swaps

    Foreign Currency Swaps

  • Financial Planning

    Financial Planning

  • Careers

    Careers