By Burnett Munthali
FDH Bank has reported a strong financial performance, posting a profit after tax of K74 billion for the financial year ending 31 December 2024.
This remarkable achievement underscores the bank’s strategic direction and resilience in an increasingly competitive financial sector.
The reported K74 billion profit represents a 108 percent increase from the K35.6 billion recorded in the preceding year.
Such a significant leap highlights the effectiveness of the bank’s operational strategies, its cost management efforts, and its ability to generate sustained revenue in challenging economic conditions.
The Bank’s Managing Director, Noel Mkulichi, confirmed the figures during an investor forum currently underway at the TFM Center of Excellence in Blantyre.
Addressing shareholders, stakeholders, and members of the financial community, Mkulichi attributed the bank’s success to prudent risk management, digital innovation, and customer-centric service delivery.
Mkulichi expressed optimism for even stronger results in 2025, noting that the bank aims to expand its deposits and asset base while enhancing balance sheet efficiency.
He emphasized that the bank’s long-term growth strategy involves deepening customer trust, investing in financial technologies, and widening access to financial services across Malawi.
The Managing Director further revealed that FDH Bank is working on introducing new products tailored to the evolving needs of its clients, particularly small and medium-sized enterprises (SMEs) and the youth sector.
He stressed that strengthening the bank’s retail banking footprint and promoting financial inclusion remain high on the institution’s agenda.
Mkulichi also highlighted the importance of partnerships with both the private and public sectors in facilitating investment and economic development.
During the forum, investors and analysts praised the bank’s transparency and forward-looking approach to growth.
Participants noted that FDH Bank’s performance serves as a benchmark for Malawi’s banking industry and sets the tone for a more robust financial services environment.
Analysts believe that with such strong momentum, FDH Bank is well positioned to weather future economic uncertainties while continuing to deliver value to its shareholders.
The investor forum at the TFM Center of Excellence provided an important platform for dialogue, networking, and sharing of insights on the future of banking in Malawi.
As FDH Bank celebrates this milestone, the focus now shifts to sustaining this momentum and transforming its profits into long-term, inclusive economic impact for Malawians.
