Malawi: Guidelines for Business Plan Submissions

Reserve Bank of Malawi's guidelines to review business plans as part of the application process
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The Reserve Bank of Malawi requires these guidelines to review the detailed business plan as part of the application process. The guidelines include a suggested format for preparing a business plan.

The guidelines explain that:

  • Banks should have a business plan that sets for the objectives and strategies of the Board of Directors;
  • The plan should:
    • Provide basic guidance for internal management,
    • Allow for flexibility and change;
  • The Reserve Bank will review an institution's business plan at periodic examinations or when other regulatory issues arise;
  • Organizations applying for a banking license must submit for review a detailed business plan as part of the application process;
  • When establishing a branch or making a significant change in operations, an institution should submit an amended business plan.

The business plan should:

  • Identify the proposed markets to be served, products and services to be offered, projected profitability, capital adequacy, and managerial resources and capabilities;
  • Include at least three years' operating projections;
  • Consist of sufficient information to demonstrate a reasonable likelihood of success.

The suggested format of the business plan includes:

  • Identifying information;
  • Market analysis and a description of the economic characteristics of the target market;
  • Business strategy and objectives;
  • Leadership and management;
  • Capitalization and additional sources.

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