Type Private Founded 2008 | Industry Financial Services | |
Key people Eric SankhulaniChairmanPhillip MadingaManaging Director Products Loans, Checking, Savings, Investments, Debit Cards Revenue :Aftertax:US$2.83 million (MWK:1.028 billion) (2012) Total assets US$66.7 million (MWK:24.7 billion) (2012) Parent organization FDH Financial Holdings Limited | ||
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.
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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)).
FDH Group
The bank, founded in 2008, is a 100% subsidiary of FDH Financial Holdings Limited (FDHFHL). FDH Bank has one 100% subsidiary FDH Money Bureau Limited. Other members of the group include First Discount House Limited and FDH Stockbrokers Limited.
Ownership
As of December 2012, the stock of the holding company (FDH Financial Holdings Limited), was owned by the following entities:
Branches
As of December 2012, FDH Bank maintained a network of branches at the following locations:
- Umoyo House Branch - Umoyo House, Victoria Avenue, Blantyre
- Limbe Branch - Crown Plaza Building, Limbe
- Zomba Branch - Zomba
- Mangochi Branch - Mangochi
- City Centre Branch - Centre Arcade, Lilongwe
- Old Town Branch - Lilongwe
- Mzuzu Branch - Orton Chirwa Avenue, Mzuzu
- Karonga Branch - New Town Centre, Karonga
- Mponela Branch - Mponela
- Luchenza Branch - Luchenza
- Chichiri Branch - Chichiri Shopping Mall, Blantyre
- Crossroads Branch - Crossroads Complex, Lilongwe
Governance
The Chairman of the Board is Eric Sankhulani. The Managing Director is Phillip Madinga.