RBM denies Mpatsa Holdings‘ shareholding acquisition in MyBucks Bank
By Duncan Mlanjira The Reserve Bank of Malawi (RBM) is reported to have not approved Mpatsa Holdings intention to acquire 49% shareholding in MyBucks Banking Corporation on the grounds that Mpatsa only has fixed assets which may not be liquidated quickly should there be need in the near future to provide additional support to the bank. However, a statement from Mpatsa questions if this is a criteria for one to invest in a financial institution, saying it has never…









