MyBucks Banking Cooperation has advised that it has now established a fully-fledged International Trade Finance Department, a move that is in line with its commitment of making peoples’ lives better through convenient and simplified banking using technology and partnerships.

According to the bank’s Chief Commercial Officer, Mr. Bernard Mkandawire; this development sets the bank in the right position to efficiently facilitate international trade transactions for its current and potential clients and in turn play a huge role in advancing the economic growth agenda of the country.

“As an international Bank that has a footprint across 12 countries in Africa, Europe and Australia, we value the role that international trade plays in the economic growth of the domestic market; hence we saw it fit that we become the epicentre of facilitating trade transactions for our current and potential customers by establishing this department”. Mkandawire said.

Furthermore, he assured all customers that the department has dedicated banking specialists who have considerable knowledge and expertise; who will partner with clients, understand their needs and journey with them to the achievement of their goals.

In addition, Mkandawire also advised that with the establishment of the department, the bank has partnered with some of the leading Global Correspondent Banks making payments become easier and faster in addition to launching new services like Advance Payments and Lines of Credit  for customers trading in foreign currency in order to eliminate export and import problems.

“Mybucks believes in strong partnerships as a way of offering convenience and adding value to its clients’ businesses. Clients should now rely on the bank for efficiency in facilitating payments for imports and receipt of export proceeds. Going forward,  whether you are an individual who wants to import a car from Japan, or a big importer or exporter, we will provide solutions that will effectively manage risk and make your cross border transactions flexible, simple and cost effective”.  He said

MyBucks Malawi is a fully fledged bank with branches in Blantyre, Lilongwe, Mzuzu, Zomba, Mangochi, Dzaleka, Kasungu and Madisi. Currently, it has a fully-fledged delivery channel of 17 branches, 78 agents, and 30 ATMS across the country, offering a full range of banking products and services that include Bancassurance and microfinance products.