Opportunity Bank has made a loss of K375 million (about $1.5m) in the first half of year ended June 30 2012.
Opportunity becomes the second bank to post losses after NBS Bank. National Bank of Malawi (NBM), Indebank, Standard Bank and FDH Bank have made profits despite operating in a tough environment characterised by fuel and foreign exchange shortages.
In a statement, signed by Opportunity Bankâ€™s chairperson Francis Pelekamoyo and director Evelyn Itumu, the bank is still optimistic that its performance will improve by year end.
The bank boasts K6.2 billion deposit base and surplus cash of K3.9 billion (about $15.6m).
The statement said business is being restructured with renewed focus on core group and small individual loans.
The bank has over 400 000 savings clients and 60 000 loan clients.