competition. the bank should therefore endeavour to keep its customers satisfied by offering superior products and delivering excellent service. today ’ s customers are becoming sophisticated and can only distinguish institutions through quality of service. i have no doubt that you will succeed in this endeavour. i would like to challenge banks in malawi to devise deliberate policies aimed at improving access to credit by our private sector, especially malawians, as this is the only way malawi can sustain its current level of social and economic development. in conclusion, the central bank, as a stakeholder will continue to complement efforts by banks to improve service delivery systems for the betterment of all stakeholders especially the less privileged rural masses who struggle to access banking facilities as most banks concentrate in the urban areas. our guest of honour distinguished invited guests ladies and gentlemen. i thank you all for your attention.

perks ligoya : improving access to credit in malawi speech by dr perks ligoya, governor of the reserve bank of malawi, on the occasion of the official launch of lilongwe branch of malawi savings bank ( msb ), lilongwe, 27 february 2010. * * * our guest of honour, the minister of finance, honorable ken kandodo, mp the chairman of the board of directors of malawi savings bank, mr. joseph mwanamvekha who is also the secretary to the treasury the chief executive of lilongwe city assembly, mr. kelvin m ’ mangisa the chief executive of lilongwe district assembly directors of malawi savings bank here present valued customers of the bank management and staff of the bank here present members of the media distinguished guests ladies and gentlemen : our guest of honour, on behalf of the directors, management and staff of the reserve bank of malawi and indeed on my own behalf, i would like to congratulate the board, management and staff of malawi savings bank limited for their untiring efforts to influence the presence and outreach of the bank. some of us may have read in the papers last week that malawi savings bank moved out of post office premises to occupy modern and spacious office space in ntaja, mangochi and monkey bay. furthermore, those of us who ply the blantyremulanje road via thyolo, may have seen a magnificent branch at bvumbwe complete with modern amenities like an atm. to put the icing on the cake, today we are here to bear witness to the official opening of lilongwe branch. these are major milestones. the initiatives present solid evidence that the bank is well poised to effectively perform its roles relating to savings mobilization and financing of investments in both the rural and urban sectors of our economy. the business and economic environment is looking good for malawi. the imf has just approved a 3 year financial assistance program for the country. this is clear testimony that malawi is pursuing good macro economic policies and fiscal discipline under the visionary leadership of his excellency, ngwazi dr. bingu wa mutharika. government through the reserve bank of malawi is sparing no effort in creating an enabling environment for banks to operate effectively in the country. as a result, more banks have come on the market and are willing to serve the rural, urban and semi - urban communities owing to the ever improving rural infrastructure and conducive fiscal policies. the