Malawi: Guidelines for Business Plan Submissions

Publication Date: 1989
Published by: Reserve Bank of Malawi (RBM)
Document Type: Other (PDF)

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Reserve Bank of Malawi’s guidelines to review business plans as part of the application process

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.