By Burnett Munthali
FDH Bank Plc has credited the dedication and hard work of its employees for the institution’s remarkable financial performance in 2024.
In the period under review, the bank registered a profit after tax of K74 billion, more than double the K35 billion recorded in the previous year.
This impressive growth was achieved despite persistent foreign exchange shortages that continue to affect the banking and financial sectors in Malawi.
The announcement was made during the bank’s 18th Annual General Meeting held on Friday at the Thomson Frank Mpinganjira Centre of Excellence in Blantyre.
During the meeting, shareholders also approved an upward revision of the board’s remuneration, reflecting confidence in the institution’s governance and oversight.
The annual package for the Board Chairperson has been increased from K20 million to K23 million.
Non-executive directors will now receive K17 million annually, up from the previous K14 million.
FDH Bank Plc Board Chairperson Charity Mseka acknowledged that 2024 presented major hurdles, particularly the limited access to foreign currency.
Despite the economic challenges, Mseka commended the bank’s employees for their resilience, professionalism, and unwavering commitment to excellence.
She noted that it was through their tireless efforts that the bank not only sustained operations but also achieved significant financial success.
Mseka’s sentiments underscored the critical role human capital plays in navigating volatile economic environments and delivering shareholder value.
As the bank celebrates its 18th Annual General Meeting, it stands as a testament to what can be achieved through strategic leadership, staff dedication, and a shared vision for growth.
FDH Bank Plc’s 2024 performance sets a high benchmark for the industry, highlighting the potential for growth even in difficult times.
