Loita Investment Bank chairman Justin Chinyanta said on Tuesday the bank will continue to introduce innovative products to offer its clients better services.

Speaking at a farewell cocktail party for the outgoing managing director Milton Weeks, Chinyanta said Loita was proud to be associated with the improvements which have been initiated in the banking sector in the last two years. 

“When we were opening in October 1999 we promised that we believed banking in Malawi would never be the same.  I am proud to say without any doubt that banking has indeed not been the same,” he said.
Chinyanta commended Weeks for making Loita one of the most reliable banks in the country.

Weeks, a Liberian whose contract with the bank has expired, has handed over the driving seat to Jerome Bissay, who was seconded to Loita banks in Rwanda and Angola before coming to Malawi.

Weeks thanked representatives from other banks for the support they rendered to him during the years he had been in the country.

He said that Loita Bank managed to post good results because of the support and cooperation from various players in the banking sector.