In 2013, ICB sold the entirety of its Malawian operation, and controlling stakes of its operations in Zambia and Mozambique to southern African banking group FMB[6]: ICB Malawi did not meet the minimum regulatory capital and other liquidity requirements, meant to safeguard customers. The motive of FMB in acquiring ICB was not because of the viability of the business in Malawi but because it was part of the transaction in the two countries where FMB would like to open its operations through the acquisition.