Jump to content

FDH Bank

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Sfan00 IMG (talk | contribs) at 11:54, 4 November 2014 (WPCleaner v1.34 - Fixed using WP:WCW (Table with no correct end)). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

FDH Bank
Company typePrivate
IndustryFinancial Services
Founded2008
HeadquartersBlantyre, Malawi
Key people
Eric Sankhulani
Chairman
Phillip Madinga[1]
Managing Director
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease:Aftertax:US$2.83 million (MWK:1.028 billion) (2012)
Total assetsUS$66.7 million (MWK:24.7 billion) (2012)
WebsiteHomepage

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 Owner Percentage Ownership
1 M Development Limited (MDL) of Malawi 55.0
2 Old Mutual of Malawi 40.0
3 FDH Employee Stock Ownership Plan 5.0
Total 100.00

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
Retrieved from "https://en.wikipedia.org/w/index.php?title=FDH_Bank&oldid=632408114"