William Mpinganjira – Malawi Freedom Network

Jun282023 by Malawi Freedom NetworkNo Comments

FDH Bank Bails Out Queens

Sports

Malawi Queens official corporate sponsors FDH Bank Plc yesterday released a K94 million package for the national netball team ahead of next month’s Netball World Cup in Cape Town, South Africa. Netball Association of Malawi (NAM) has described the move as a huge relief as the Queens failed to regroup for camping last Sunday as planned because government through the Sports Council was yet to release funding for the same as expected. FDH Bank plc head of marketing and communication Levie Nkunika yesterday said K17 million is meant for local camping and administration while K77 million will cater for other requirements on Queens preparations and travel. He said: “We appreciate the importance of the Netball World Cup qualification and participation in the Queens’ growth. The...

Jun272023 by Suleman ChiteraNo Comments

FDH Bank Trading Statement For The Half Year Ending 30 June 2023

Business

In terms of the Listing Requirements of the Malawi Stock Exchange,a listed company is required to publish a Trading Statement assoon as there is a reasonable degree of certainty that the financialstatements for the period to be reported upon will differ by at least20% from that of the previous corresponding period.FDH Bank Plc accordingly advises that its profit after tax for thehalf year ending 30 June 2023 is expected to be higher than theone reported for the previous corresponding period by at least 65%.The information on which the above Trading Statement is basedhas not been reviewed and reported on by the external auditors ofFDH Bank Plc.The summary consolidated and separate financial statements of theBank for the half year ending 30 June 2023 are expected to bepublished within the r...

Jun262023 by Suleman ChiteraNo Comments

FDH Bank Launches Promotion ‘Usampatse Timpatsa’

Business

FDH Bank plc has launched a promotion dubbed 'Usampatse Timpatsa' that will run up to October 31, 2023. Speaking during the launch in Blantyre, FDH Bank senior manager for digital sales Yamikani Mbawala said the promotion aims to encourage customers to transact through their digital channels. He said: “We want to encourage digital transactions culture as most people transact using cash which is expensive, so we want to encourage our customers to transact using digital channels. “We are known as a digital bank and over the years, we have launched quite a number of digital transactions compaigns and this is part of ongoing improvements.” Mbawala also said any FDH Bank account holder is eligible to participate during the promotion which includes inter-bank transfers, transfer...

Jun122023 by Malawi Freedom NetworkNo Comments

FDH Bank Donates K5 Million Towards National Golf Tournament

Stories

The Golf Union of Malawi says the national golf tournament slated for 18 to 25 June this year will assist to identify best players to represent Malawi at international tournaments. Speaking after receiving a K5 million sponsorship from FDH bank on Monday the organisation' president Gift Gondwe said they have also lined up various activities to attract more ladies and young people to learn and play the game. "We hope such initiatives will assist to build a golf brand in Malawi. We therefore want to thank FDH bank for the support," said Gondwe. FDH bank Head of Marketing and Communication, Levi Nkunika said being a home grown bank, they will continue to support the development of golf in the country.

Jun82023 by Malawi Freedom NetworkNo Comments

FDH Bank Conducts Banker Programme Mentorship At Lunzu Sec School

Business

The Bankers Association of Malawi and FDH Bank have conducted a mentorship session at Lunzu Secondary School as part of the "60 Minutes with a Banker" program. FDH Bank Managing Director Noel Nkulichi said this is a valuable opportunity for students to learn from experienced professionals in the banking industry, providing them with insights into the world of banking and financial services. The discussion focused on topics such as financial literacy, career opportunities in banking, the importance of savings, investment strategies and more. Headmaster Collins Champiti commended the bankers for the initiative He said instilling a spirit of saving in students is an essential step towards equipping them with the knowledge and skills needed to build financial stability and...

Jun62023 by Suleman ChiteraNo Comments

FDH Bank Donates K3 Million Towards Procurement Of CCTV Cameras

News

FDH Managing Director Noel Mkulichi FDH Bank plc has donated K3 million to Blantyre Police Station towards procurement and installation of closed circuit television (CCTV) cameras in the city. Speaking during a cheque presentation ceremony, the bank's managing director Noel Mkulichi said, they decided to make the donation to help the police service in tightening up security in the city. “The people that move out there are our customers, therefore if their businesses are affected, we also get affected that’s why we decided to make this donation for the purchase and installation of the CCTV cameras,” he said. Blantyre Police Station officer- in-charge Obrey Nyirenda thanked FDH Bank plc for the donation. “As Blantyre Police Station we are so thankful for the donation towards ...

May292023 by Suleman ChiteraNo Comments

FDH Bank Cup: Five northern region teams through to national stage

Sports

Five teams from the northern region have booked their places in the national knockout stage of the FDH Bank Cup after registering wins in their respective matches over the weekend. The five are Ekwendeni Hammers Reserve, Ekwaiweni Tafika Sports Academy, Chilumba Barracks, Mayamiko Stars and Iponga FC. This comes as frosting on a cake for the Ekwendeni Hammers Reserve who have recently secured a 3-year sponsorship deal worth 7.2 million kwacha a year with Lube Masters and Accessories Company. Playing under a new name Lube Masters FC, the team knocked out their neighbors Ekwendeni Hardknockers 4-1. The Hardknockers failed to build on their convincing 4-0 win against Rumphi United in the first round on post-match penalties after their game ended in a 1-all draw in regular time. ...

May222023 by Suleman ChiteraNo Comments

FDH Bank Donates K5 Million Towards Upcoming Association Of Power Utility Conference

Stories

Chief Executive Officer of Electricity Generation Company (EGENCO) William Liabunya says the forthcoming Association of Power Utilities in Africa conference that Malawi will host from 3rd to 9th June this year in Lilongwe will create more opportunities for member countries to generate adequate electricity for sustainable development. “This is the Annual General Meeting number 57 which we will be hosting and this will attract all utilities in Africa from 56 countries and other affiliated members. We expect to gain knowledge, look at the performance of the continent in the electricity supply sector, how we are performing and moving forward and find new investors,” said Liabunya. Speaking after receiving a K5 million from FDH towards the conference, Liabunya said the conference is time...

Apr22023 by Suleman ChiteraNo Comments

FDH To Open Branch In Likoma Island

Business

FDH bank says it will open a branch in Likoma before the end of this year. This will be the first bank on the island to serve the residents that travel all the way tol Mzuzu and Nkhata Bay for banking services. The bank's managing director, Noel Mkulichi revealed the plans to delegates during a stakeholders and investors forum in Blantyre

Mar212023 by Malawi Freedom NetworkNo Comments

FDH Bank Plc Post 97 Percent Profit

Business

FDH Bank plc has reported a 97 percent rise in after-tax profit for the year ended December 31 2022 pushed up by the increase in interest and non-interest income as well as digital revenue. Published financial results show that FDH Bank plc has posted a profit after-tax of K22.9 billion from the previous year's K11.6 billion amid a tough operating environment characterised by cost of living crisis, rising inflation rate and the impact of the 25 percent devaluation of the kwacha effected in May 2022. During the year, net interest income grew by 47 percent from K25.4 billion to K37.3 billion on the back of the increase in interest bearing assets, according to a published financial results. Non-interest income jumped by 74 percent from K18.6 billion to K32.5 billion largely due to t...