Number of banks reached 9.00 banks in 2019 in Malawi, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Malawi reached an all time high of 13.0 banks in 2011 and an all time low of banks in. When compared to Malawi's main peers, number of banks in Mozambique amounted to 17.0 banks, 36.0 banks in South Africa and 19.0 banks in Zambia in 2019.
Malawi has been ranked 120th within the group of 140 countries we follow in terms of number of banks, 9 places above the position seen 10 years ago.