FDH Bank

The headquarters and main branch of FDH Bank Limited are located on the First Floor of Umoyo House, at 8 Victoria Avenue North, in the city of Blantyre, the financial capital of Malawi.{{cite web|title=The Headquarters of FDH Bank | url=https://www.fdh.co.mw/fdh-bank-home/contact-us/ |date=22 June 2020 |publisher=FDH Bank Limited |access-date=22 June 2020 |

author=FDH Bank |location=Blantyre }} The geographical coordinates of the headquarters of FDH Bank Limited are: 15°47'08.5"S, 35°00'18.5"E (Latitude:-15.785694; Longitude:35.005139).{{google maps| url=https://www.google.com/maps/place/15%C2%B047'08.5%22S+35%C2%B000'18.5%22E/@-15.7856972,35.0044513,139m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d-15.7856944!4d35.0051389 |access-date=22 June 2020 | title=Location of the headquarters of FDH Bank Limited, Blantyre, Malawi}}

As of 31 December 2019, the total assets of FDH Financial Holdings, the holding company of the bank, were valued at MWK:218.2 billion (approx. US$303 million), with shareholders' equity valued at MWK:22.4 billion (approx. US$31.1 million).{{cite web|url=https://www.fdh.co.mw/wp-content/uploads/2020/06/FINAL-FDH-FINANCIAL-HOLDINGS-FINANCIAL-2020idml.pdf |title=FDH Financial Holdings, Financial Statements for the 12 Months Ended 31 December 2019 |date=24 February 2020 | access-date=22 June 2020 |publisher=FDH Financial Holdings | author=FDH Financial Holdings |location=Blantyre}}

The bank was founded in 2008, as a subsidiary of FDH Financial Holdings Limited (FDHFHL), a financial holding group, formed in 2007 to replace First Discount House Limited (FDH).{{cite web|title=Profile of FDH Financial Holdings Limited (FDHFHL) |url=https://www.fdh.co.mw/fdh-home/our-profile/#:~:text=Our%20Profile,Investment%20Management%20and%20Advisory%20Services |publisher=FDH Financial Holdings Limited (FDHFHL) |date=15 May 2020 |author=FDHFHL |access-date=22 June 2020 |location=Blantyre}}

In July 2015, FDH Financial Holdings Limited successfully acquired 75 percent ownership of Malawi Savings Bank, together with its subsidiary MSB Forex Bureau Limited. In July 2016, FDH Financial Holdings Limited completed the merger of FDH Bank Limited and Malawi Savings Bank Limited (MSB). The merged bank adopted the name FDH Bank Limited. The merger of the two banks culminated in the merger of FDH Money Bureau Limited and MSB Forex Bureau Limited. The merged entity adopted the name FDH Money Bureau Limited.{{cite web|title=Controversy as government sells Malawi Savings Bank | date=7 August 2015 |last=Masina | location=London |first=Lameck |access-date=23 April 2018

|url=http://africanbusinessmagazine.com/african-banker/controversy-as-government-sells-malawi-savings-bank/ | publisher=African Business Magazine}}

{{asof|April 2017}}, the stock of FDH Bank Limited, was owned by FDH Financial Holdings Limited of Malawi (75 percent) and the Government of Malawi (25 percent).{{cite web|date=4 April 2018 |url=http://www.nyasatimes.com/fdh-insists-k1-2bn-refund-malawi-savings-bank-deal-bank-injects-k6-6-bn-capital/ |title=FDH Insists On K1.2 Billion Refund Over Malawi Savings Bank Deal - Bank Injects K6.6 Billion Capital |access-date=23 April 2018 |newspaper=Nyasa Times |author=Maurice Nkawihe |location=United Kingdom}} Subsequently FDH Financial Holdings Limited acquired 100 percent ownership of the bank.{{cite web|url=https://www.finance-monthly.com/2020/04/fdh-bank-announces-mk450-million-in-malawian-football-sponsorship/ |title=FDH Bank Announces MK450 Million In Malawian Football Sponsorship |publisher=Finance Monthly Magazine |date=27 April 2020 |author=Finance Monthly | access-date=22 June 2020 |location=Lichfield, United Kingdom}} In June 2020, Malawian print media reported that the stock of FDH Bank would list on the Malawi Stock Exchange, in August 2020.{{cite web|url=https://www.nyasatimes.com/fdh-bank-plc-announces-plans-to-list-on-malawi-stock-exchange-in-august/ | title=FDH Bank Plc Announces Plans To List On Malawi Stock Exchange In August |newspaper=Nyasa Times |date=22 June 2020 |author=Nyasa Times |access-date=25 June 2020 | location=Blantyre}}

The table below, represents the shareholding in the stock of the holding company, FDH Financial Holdings Limited.

{{asof|June 2018}}, FDH Bank maintained a total of 53 networked branches, and 91 automated teller machines, in all 27 districts of the country.{{cite web|title=The Branch Network of FDH Bank |access-date=22 June 2020 | url=https://www.fdh.co.mw/fdh-bank-home/fdh-bank-locations#fdhbanklocations |date=22 June 2020 |publisher=FDH Bank Limited |author=FDH Bank |location=Blantyre}}{{cite web|title=Malawi: FDH Bank Launches Salima Branch, Donates to District Hospital |date=22 June 2018 | url=http://allafrica.com/stories/201806220668.html | access-date=26 June 2018 |author=Chancy Namadzunda |newspaper=Nyasa Times via AllAfrica.com |location=United Kingdom}}

Arthur Oginga, a non-executive board member, serves as the Chairman of the eleven-person board of directors.{{cite web|title=FDH Bank Limited: Our Board |

url=http://www.fdh.co.mw/index.php/investor-relations/our-board

|access-date=22 June 2020 |date=22 June 2020 |publisher=FDH Bank Limited |author=FDH Bank |location=Blantyre}} Ellias Ngalande, serves as the chief executive officer of FDH Bank Limited.{{cite web|url=https://www.fdh.co.mw/fdh-bank-home/about-us/fdh-management-team/ |title=FDH Bank Limited: Management Team |date=22 June 2020 |publisher=FDH Bank Limited | author=FDH Bank |access-date=22 June 2020 |location=Blantyre}}

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{{Reflist}}

• {{Official website|http://www.fdh.co.mw/}}
• [https://www.rbm.mw/ Website of Reserve Bank of Malawi]

{{Authority control}}

Category:Banks of Malawi

Category:Banks established in 2008

Category:2008 establishments in Malawi