Levie Nkunika (2R) with FDH Financial Holdings Limited Chief Executive Officer William Mpinganjira (2L), FDH Bank Plc Managing Director Noel Mkulichi (R) and FDH Bank Plc Deputy Managing Director George Chitera (L) at the 2024 FDH Bank Plc Investors Forum.
FDH Bank Hosts Parliamentary Committee
FDH Bank Plc has achieved market capitalization of K1.03 trillion on the Malawi Stock Exchange (MSE) within four years of listing.
On August 12, 2024, the bank’s share price rose to K149, representing significant growth of 1,390% from its initial public offering (IPO) price of K10 in June 2020.
This milestone positions FDH Bank Plc as the third counter on the MSE to attain a market capitalization of over K1 trillion, among the 16 listed counters
Head of Marketing and Communication at FDH Bank Plc Levie Nkunika said that the bank is pleased with this milestone, which underscores its commitment to delivering value to our stakeholders, particularly our investors.
“Our focus on providing innovative financial solutions through strategic investments in technology, processes and our people has driven our growth and competitiveness. In addition, the Bank is future ready,” he said
The bank remains dedicated to exceptional customer service, strategic expansion, and sustainability initiatives and we are grateful to our investors and customers for their confidence in us. This is a milestone we are celebrating with them,” Nkunika added
FDH Bank Plc Board Chairperson Charity Mseka (C), Mkulichi (2L), Chitera (2R), Nkunika (L) and FDH Bank Plc Head of Finance Richard Chipezaani (R) during engagement with Investors at the 2024 FDH Bank Plc Investors Forum.
In its latest dividend declaration, the bank announced a first interim dividend of K13.043 billion, representing K1.89 million per share, following a reported profit after tax of K27.9 billion for the half-year ended June 2024.
As a leading digital bank, FDH continues to innovate and expand its services, including the recent introduction of Sharia-compliant banking and its expansion to Likoma Island, solidifying its position as the only commercial bank present in all districts of Malawi
