FDH Bank

FDH Bank
Private
Industry Financial Services
Founded 2008
Headquarters Blantyre, Malawi
Key people
 Eric Sankhulani
Chairman
Phillip Madinga[1]
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue Increase:Aftertax:US$2.83 million (MWK:1.028 billion) (2012)
Total assets US$66.7 million (MWK:24.7 billion) (2012)
Website Homepage

FDH Bank Limited, commonly referred to as FDH Bank, is a commercial bank in Malawi. It is one of the commercial banks licensed by the Reserve Bank of Malawi, the national banking regulator.[2]

Overview

The bank is a small, but growing financial services provider in Malawi. As of December 2012, the bank's total assets were valued at approximately US$66.7 million (MWK:24.7 billion), with shareholders' equity of approximately US$6.6 million (MWK:2.4 billion)).[3]

FDH Group

The bank, founded in 2008, is a 100% subsidiary of FDH Financial Holdings Limited (FDHFHL).[4] FDH Bank has one 100% subsidiary FDH Money Bureau Limited. Other members of the group include First Discount House Limited and FDH Stockbrokers Limited.[5]

Ownership

As of December 2012, the stock of the holding company (FDH Financial Holdings Limited), was owned by the following entities:[6]

FDH Financial Holdings Limited Stock Ownership
Rank Name of OwnerPercentage Ownership
1M Development Limited (MDL) of Malawi55.0
2Old Mutual of Malawi40.0
3FDH Employee Stock Ownership Plan5.0
Total100.00

Branches

As of December 2012, FDH Bank maintained a network of branches at the following locations:[7]

  1. Umoyo House Branch - Umoyo House, Victoria Avenue, Blantyre
  2. Limbe Branch - Crown Plaza Building, Limbe
  3. Zomba Branch - Zomba
  4. Mangochi Branch - Mangochi
  5. City Centre Branch - Centre Arcade, Lilongwe
  6. Old Town Branch - Lilongwe
  7. Mzuzu Branch - Orton Chirwa Avenue, Mzuzu
  8. Karonga Branch - New Town Centre, Karonga
  9. Mponela Branch - Mponela
  10. Luchenza Branch - Luchenza
  11. Chichiri Branch - Chichiri Shopping Mall, Blantyre
  12. Crossroads Branch - Crossroads Complex, Lilongwe

Governance

The Chairman of the Board is Eric Sankhulani. The Managing Director is Phillip Madinga.

See also

References

  1. ↑ Phillip Madinga Appointed Managing Director In July 2013
  2. ↑ List of Licensed Commercial Banks In Malawi
  3. ↑ Audited 31 December 29012 Financial Statement
  4. ↑ FDH Bank Is Subsidiary of FDH Financial Holdings
  5. ↑ Profile of FDH Financial Holdings Limited
  6. ↑ Shareholding In FDH Financial Holdings Limited
  7. ↑ Branches of FDH Bank

External links

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