FDH Bank Financial Growth and Ownership Structure

FDH Bank has experienced significant financial growth over the years, with a remarkable increase in its assets and customer base. This growth is a testament to the bank's solid business model and commitment to delivering excellent financial services.

The bank's ownership structure is also noteworthy, with FDH Limited holding a majority stake. This ownership structure allows the bank to maintain its independence while benefiting from the expertise and resources of its parent company.

FDH Bank's financial growth has been fueled by its strategic expansion into new markets and products, as well as its focus on providing innovative financial solutions to its customers. This approach has helped the bank to establish a strong presence in the industry and attract a loyal customer base.

The bank's commitment to its customers and the community is evident in its efforts to promote financial inclusion and support local businesses.

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FDH Bank is a Malawian commercial bank that has been in operation since 1995. It was established by a group of Malawian entrepreneurs.

The bank has a strong presence in Malawi, with a network of branches and agencies across the country. FDH Bank is known for its commitment to serving the local community.

FDH Bank offers a range of financial services, including deposit accounts, loans, and credit facilities. Its product offerings are designed to meet the diverse needs of individuals and businesses.

The bank's mission is to provide innovative and customer-centric banking services that promote economic growth and development in Malawi.

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FDH Bank has seen significant growth in its share price over the years. The current share price is MK 315.08.

The 52-week high and low show just how volatile the market can be, with the bank's share price reaching a high of MK 315.09 and a low of MK 65.07.

FDH Bank's beta of 0.48 indicates a relatively stable stock, which is good for investors who want to minimize risk.

The 1-month change of 14.77% is a notable increase, but it's dwarfed by the 3-month change of 112.06% and the 1-year change of 383.62%.

Here's a breakdown of the bank's performance over different time periods:

The bank's share price has increased by 112.06% over the past 3 months, indicating a strong upward trend.

FDH Bank has a well-structured management team led by William Mpinganjira, who has been serving as the CEO since August 30, 2020.

The bank's Executive Committee includes several key members, each with their own role and responsibilities. Richard Chipezaani serves as the Director of Finance/CFO, while Ganizani Phiri is the Chief Technology/Science/R&D Officer.

Here is a list of the bank's Executive Committee members:

The FDH Bank Limited has a rich history that dates back to 2008 when it was founded as a subsidiary of FDH Financial Holdings Limited.

In 2007, FDH Financial Holdings Limited was formed to replace First Discount House Limited, setting the stage for the bank's future growth.

FDH Financial Holdings Limited successfully acquired 75 percent ownership of Malawi Savings Bank in July 2015.

This acquisition marked a significant milestone in the bank's history, expanding its reach and services.

The merger of FDH Bank Limited and Malawi Savings Bank Limited was completed in July 2016, creating a stronger and more efficient financial institution.

As a result of the merger, the bank adopted the name FDH Bank Limited and integrated its operations with Malawi Savings Bank Limited.

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The Executive Committee plays a crucial role in the leadership of FDH Bank Plc. The committee consists of five members, each with a unique title and role.

William Mpinganjira serves as the Chief Executive Officer (CEO), overseeing the overall strategy and direction of the bank. He has been in this position since August 30, 2020.

Richard Chipezaani is the Director of Finance/CFO, responsible for managing the bank's financial operations. At 42 years old, he brings a wealth of experience to his role.

The Chief Administrative Officers, Roselyn Coroa and Mwiza Madanitsa, are both responsible for the administrative functions of the bank. Unfortunately, their ages are not specified in the provided information.

Ganizani Phiri serves as the Chief Tech/Sci/R&D Officer, overseeing the bank's technology and research and development efforts. At 52 years old, he has a deep understanding of the industry and its complexities.

Here's a brief overview of the Executive Committee members:

The Board of Directors at FDH Bank Plc is comprised of 10 members, with a Chairman and 9 Directors/Board Members.

Charity Mseka serves as the Chairman of the Board, having taken up the role on November 26, 2020.

The ages of the Board members range from 41 to 75 years old, with a median age of 65.

Here is a list of the Board members and their ages:

FDH Bank has a strong presence in Malawi, with 11 branches across the country.

Their banking services include personal, business, and corporate banking options.

FDH Bank offers a range of transactional accounts, including current, savings, and overdraft accounts.

Their digital banking platform allows customers to manage their accounts online or through mobile apps.

FDH Bank has a robust ATM network with over 40 ATMs across Malawi.

Their customer service team is available to assist with any banking queries or concerns.

FDH Bank is a leader in innovation and technology, offering a range of digital banking services.

The bank's mobile banking app allows customers to perform various transactions, including checking account balances and transferring funds, from the comfort of their own homes.

FDH Bank has invested heavily in technology, resulting in a highly efficient and secure banking system.

The bank's online banking platform provides customers with 24/7 access to their accounts, enabling them to manage their finances at their convenience.

FDH Bank's commitment to innovation has earned it a reputation as a forward-thinking financial institution.

The bank's digital banking services have made it easier for customers to do business with them, increasing customer satisfaction and loyalty.

FDH Bank's use of technology has also improved the bank's operational efficiency, allowing it to process transactions faster and more accurately.

FDH Bank has undergone some significant changes in its ownership structure. As of April 2017, the stock of FDH Bank Limited was owned by FDH Financial Holdings Limited of Malawi (75 percent) and the Government of Malawi (25 percent).

Subsequently, FDH Financial Holdings Limited acquired 100 percent ownership of the bank. This change in ownership structure has likely had a significant impact on the bank's operations and decision-making processes.

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Here's a breakdown of the shareholding in the stock of FDH Financial Holdings Limited, the parent company of FDH Bank:

In terms of sales, FDH Bank has seen significant growth over the past few years. The bank's sales by activity for the fiscal period of December have been: 33.91B in 2019, 43.23B in 2020, 43.78B in 2021, 64.29B in 2022, and 102B in 2023.

FDH Bank Plc saw a significant increase in sales from banking activities over the years. The sales figures for banking activities from 2019 to 2023 are as follows:

The bank's sales from banking activities more than tripled from 2019 to 2023, showing a remarkable growth trend. The sales figure for December 2023 was 102 billion, which is the highest among the given years.

FDH Bank Limited has undergone changes in ownership over the years. As of April 2017, the bank was owned by FDH Financial Holdings Limited of Malawi (75 percent) and the Government of Malawi (25 percent).

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FDH Financial Holdings Limited later acquired 100 percent ownership of the bank. In June 2020, it was reported that the stock of FDH Bank would list on the Malawi Stock Exchange in August 2020.

The ownership structure of FDH Financial Holdings Limited, the holding company of FDH Bank, is as follows: M Development Limited (MDL) of Malawi owns 55.0 percent, Old Mutual of Malawi owns 40.0 percent, and FDH Employee Stock Ownership Plan owns 5.0 percent.

Here is a breakdown of the shareholding in the stock of FDH Financial Holdings Limited: