Tag Archives: FDH Bank plc

Business

FDH extends promotion, changes prize destination to Mauritius

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BLANTYRE-(MaraviPost)-FDH Bank Plc has announced the change of the grand prize destination for its ‘Swipe to Dubai’ Promotion, which was initially set for Dubai, to Mauritius due to the ongoing geopolitical tensions in the United Arab Emirates (UAE).

The promotion, which was launched in February and initially scheduled to run until June, has also been extended to allow customers more time to participate through transactions.

As part of the changes, the campaign has also been rebranded to ‘Swipe to Mauritius’.

During the event, the bank also conducted its first monthly draw, awarding K100,000 each to 25 winners.

Speaking during the announcement on Friday, FDH Plc Acting Head of Marketing, Ronald Chimchere, said the Bank prioritised the safety and security of its customers while still offering an enjoyable experience.

“We have made the considered decision to change the grand prize destination from Dubai to Mauritius.

“Mauritius offers an equally exceptional experience, and we are confident our customers will enjoy a relaxing, memorable getaway,” said Chimchere.

Chimchere added that despite the change in destination and name, the promotion mechanics remain unchanged, with the campaign now extended to July to give customers ample time to participate.

Chimchere also encouraged customers to continue transacting to stand a chance of winning.

“Customers simply need to swipe any bank card on an FDH POS machine with a minimum transaction of K20,000, write their name and phone number on the back of the receipt, and place it in the designated entry box at selected outlets, including Ekhaya and Chipiku stores,” said Chimchere.

Business

FDH backs digital shift in public hospitals

MaraviPost

BLANTYRE-(MaraviPost)-FDH Bank plc said it has stepped up efforts to digitalise the government’s privatised public health services through a partnership with the Ministry of Health to roll out digital payment systems in public health facilities.

The privatisation of selected public health services in Malawi is part of broader reforms to improve service delivery, efficiency and resource mobilisation within the sector.

Under this arrangement, facilities are allowed to implement structured user fees and retain revenue, creating a need for transparent, accountable and traceable payment systems.

Speaking during a cocktail event in Salima on Wednesday, FDH Bank plc Deputy Managing Director George Chitera said the initiative underscores the Bank’s commitment to supporting the health sector through digital solutions.

“As we continue advancing in digital banking, it is important that we extend these services to sectors such as health, ensuring that we meet the needs of Malawians efficiently. We believe good health is a key pillar in our Bank, and we aim to support the health sector,” said Chitera.

He said the Bank will leverage its digital platforms to enhance efficiency in revenue collection and management within health facilities.

“We are ready to support Malawians in any way possible and contribute meaningfully to the development of key sectors such as health,” he said.

Ministry of Health Chief of Health Services Dr Andrew Likaka described the partnership as a key step towards strengthening domestic resource mobilisation through technology-driven systems.

“Digital is the way to go. This partnership will help us explore how we can locally mobilise resources to support our health system.

“Currently, facilities do not have digital payment systems, which is why there have been reports of people being asked for informal payments,” said Likaka.

He added that the introduction of digital payments will help curb corruption and improve accountability in health facilities.

“There has been concern over informal payments, but the digital system will make it easier to track revenue collected by facilities. Any transactions outside the system will be illegal and easier to detect,” he said.

District News, Sports

FDH Bricks crowned SOZOBAL D1 Champions

MaraviPost

BLANTYRE-(MaraviPpst)-FDH Bricks, a basketball team sponsored by FDH Bank plc, have emerged champions of the Southern Zone Basketball League (SOZOBAL) Men’s Division One following a 69–56 win over Crazy Warriors in the final.

Speaking after the victory, Team Manager Khama Mtalimanja said the win was a result of lessons learned from last season and deliberate preparation.

“From losing in the finals last season, we learnt important lessons and set clear goals for this season. The team remained focused on executing its strategies, and this win shows the progress we have made. It also puts us on the right path towards competing for the national championship,” he said.

Mtalimanja said the team will now shift focus to the upcoming national finals, where it expects stiff competition.

“Preparation has been key to our success, and we will maintain the same approach. We know the teams at the nationals will be strong, but our work ethic and discipline will guide us,” he said.

FDH Bank plc Marketing Manager Tiyese Kaimila said the win reflects the Bank’s continued commitment to supporting sports development.

“This victory reflects the team’s discipline, consistency and strong execution on the court. As FDH Bank, we remain committed to supporting sport as a platform for talent development and community engagement, and we are confident the team will do well at the national level,” said Kaimila.

In the men’s category, Battle Hurricane finished third after defeating Mikoko 64–47. In the women’s division, Lady Hurricane won the title after beating Mikoko Mystics 106–94, while Kukoma Eagles secured third place with a 54–32 victory over Sparks.

The BASMAL National Championships are scheduled for May and June this year.

Business

FDH Bank plc profit doubles to MK147.8 billion

MaraviPost

BLANTYRE-(MaraviPost)-FDH Bank plc has reported a strong financial performance for the year ended 31 December 2025, with profit-after-tax rising to K147.8 billion, representing a 100 % increase from K74.06 billion recorded in 2024.

According to the Bank’s audited financial results signed by Board Chairperson Charity Mseka, Managing Director Noel Mkulichi, Chairperson of the Finance and Audit Committee Ulemu Katunga, and Head of Finance Richard Chipezaani, the growth was driven by significant increases in both interest and non-interest income streams.

“Net interest income rose by 82%, supported by expansion in the loan book, government securities, and other interest-bearing assets. Total assets also grew by 31%, largely due to a 65% increase in loans and advances and a 49% rise in government securities. Customer deposits increased by 27% from K883 billion to K1.125 trillion, reflecting growing customer confidence in the bank.”

“Non-interest income went up by 43%, mainly driven by higher fees and commissions, as well as increased international trade and domestic transaction volumes. Overall, total income grew by 71%, underscoring the bank’s strong revenue diversification strategy,” reads part of the statement.

The statement also highlights that despite the positive performance, operating expenses increased by 21% due to inflationary pressures and rising costs of doing business.

Additionally, challenging macroeconomic conditions led to higher expected credit losses, which rose by K8.4 billion, although this was partially offset by recoveries.

The Bank also highlighted a major milestone in its regional expansion, having acquired a 98.87% controlling stake in Ecobank Mozambique SA in September 2025.

“The acquisition is expected to enhance market expansion, revenue diversification, and operational efficiencies across the group,” reads the statement in part.

On dividends, FDH Bank declared and paid a total of K11.6 billion during the year, equivalent to K1.68 per share.

A further second interim dividend of K50.03 billion (K7.25 per share) was declared in January 2026 and paid in February 2026, reflecting improved shareholder returns.

Looking ahead, the Bank projects modest economic improvement in 2026, with growth expected at 3.8% and inflation averaging 24%.

“However, risks such as foreign exchange shortages and subdued economic activity remain. The Bank will continue implementing its 2024–2026 strategic plan, focusing on digital transformation, operational efficiency, and sustainable growth to deliver long-term value to customers, shareholders, and other stakeholders,” concludes the statement.

Business

FDH Bank plc, Ekhaya renew pact with Sunday Soirée

MaraviPost

BLANTYRE-(MaraviPost)-FDH Bank plc and Ekhaya Group have renewed their partnership with lifestyle and networking platform Sunday Soirée, a move aimed at strengthening engagement with clients while supporting the growth of young entrepreneurs and small businesses.

The renewed collaboration will see the partners host six main events throughout the year, alongside several pop-up experiences organized by the Sunday Soirée team.

Speaking during the signing ceremony on Friday, FDH Bank plc, Marketing Manager Tiyese Kaimila said the extension of the partnership follows the success recorded during last year’s events.

“We saw the value of the collaboration last year and felt it was important to continue building on that momentum.”

“Sunday Soirée is one of the elements where we entertain our clients, but at the same time we elevate many of our SMEs and entrepreneurs, especially young entrepreneurs who are among our main customers,” said Kaimila.

He added that partnering with both Ekhaya Group and Sunday Soirée will once again create a strong platform for meaningful experiences this year.

Commenting on the partnership, Senior Operations Manager for Ekhaya Group of Companies, Mphatso Mpinganjira said last year’s collaboration highlighted the importance of creating platforms that empower emerging businesses.

“Our experience last year showed how valuable such initiatives are in supporting young entrepreneurs and giving them opportunities to showcase their products and services,” said Mpinganjira.

Sunday Soirée Chief Executive Officer, Timothy Ntilosanje welcomed the renewed partnership, saying it will enable the team to deliver high-value events.

“On behalf of my colleagues and co-founders of Sunday Soirée, last year was amazing working with both Ekhaya and FDH. The partnership went very well on both ends. And seeing that our partners have decided to renew the partnership gives us the commitment to deliver as we did last year. As they grow, we grow too,” said Ntilosanje.

The 2026 calendar will feature six major events, with the first event, Les Trois, scheduled to take place on March 29 in Lilongwe.

Business

FDH Bank plc boosts access to civil servant’s loan

MaraviPost

BLANTYRE-(MaraviPost)-FDH Bank plc has reaffirmed its commitment to supporting civil servants through Civil Servant’s Loan facility, designed to help government employees maintain financial stability amid economic challenges.

The Bank’s Head of Personal and Business Banking, Daniel Pinto Khamula said in a statement that FDH Bank plc has recorded increased demand for the facility as civil servants seek financial support to manage rising living costs.

“We recognize the current economic climate is demanding. Our civil servants are looking for more than just a bank; they need a partner. We have seen a surge in applications because people are looking for convenience and terms that respect their financial reality,” said Khamula.

He further said the Bank has streamlined the loan requirements to improve accessibility, up to K10 million available, unsecured, and repayment periods of up to 36 months.

“The loan is specifically structured to help government employees achieve milestones that might otherwise feel out of reach in tough economic times. The facility provides the liquidity needed to move forward without delay,” explained Khamula.

He added that the facility is available to civil servants across the country who hold FDH Bank plc accounts and receive their salaries through the bank.

“Through our nationwide branch network, we ensure that even those in the most remote districts have the same financial opportunities as those in urban centres,” said Khamula.

Civil Servants Trade Union (CSTU) President, Lameck Magawa has commended the Bank for supporting the financial welfare of civil servants.

“This initiative will help improve the civil servant’s livelihood in the current economic environment,” said Magawa.

He also urged fellow civil servants to exercise caution and responsibility when accessing loans.

“Civil servants should consider their priorities. The money should be used purposefully, as it will need to be repaid within the agreed period,” said Magawa.

FDH Bank plc operates a network of 48 service centres and more than 11,000 Banki Pakhomo agents across Malawi.

Sports

FDH Bank sponsorship injects new life into Malawians football league

Shaffie A Mtambo

By Shaffie A Mtambo

BLANTYRE-(MaraviPost)-The unveiling of a K5 billion sponsorship by FDH Bank Plc has marked a turning point for Malawi’s top flight football, signaling what many stakeholders are calling the rebirth of the national league.

The five year deal, which translates to K1 billion per season, injects fresh life into a competition that has in recent years struggled with financial uncertainty.

With the new partnership, the country’s elite football competition will now be known as the FDH Bank Premiership, replacing the long standing Super League branding.The announcement was made on Wednesday evening in Blantyre.

FDH Bank Managing Director Noel Nkulichi said the sponsorship reflects the bank’s commitment to national development through sport.

He noted that football remains one of the most powerful unifying forces in the country, deserving of sustainable investment.

The FDH Bank deal comes at a critical time, following the end of an 18-year sponsorship agreement between TNM and the Super League.

According to sources quoted by MaraviPost, the partnership concluded after TNM indicated it could no longer increase its financial contribution to the league.

Super League of Malawi (Sulom) President Gilbert Mitawa described the sponsorship as historic.

He said FDH Bank has made a bold and timely decision to invest heavily in sport at a time when sponsorship opportunities are increasingly hard to secure.

Mitawa emphasized that the magnitude of the sponsorship goes beyond branding, touching on structural and welfare issues that have long affected the league. He said the deal demonstrates trust in Sulom’s vision for professional football.

One of the standout components of the sponsorship is the establishment of a players’ welfare revolving fund, which Sulom believes will be a game changer. The fund is designed to provide a safety net for players, many of whom face financial insecurity during and after their careers.

Under the new arrangement, 30 players from each team will automatically be registered into the FDH Bank Life Cover scheme. This initiative brings a rare sense of security to players in a league where welfare benefits have often been minimal.

In the event that a registered player loses a loved one, the player will receive K300,000 to assist with funeral expenses. This support has been widely praised as a humane and practical intervention that recognizes the personal challenges players face.

The bank is also introducing a K100 million player fund, aimed at directly supporting footballers and strengthening professionalism within the league. Stakeholders believe this will motivate players to focus on performance and discipline.

On the competitive side, the champions of the FDH Bank Premiership will pocket K200 million, a figure that significantly raises the stakes of the title race. The incentive is expected to intensify competition and improve the overall quality of football.

Supporters have not been left out of the deal, with the best disciplined supporters set to receive K2 million. This initiative encourages positive fan behavior and reinforces the role of supporters as key partners in football development.

In addition, K320 million has been allocated for team subventions, easing the financial burden on clubs, while K375 million has been set aside for team prizes.

Business

FDH Bank plc to re-draw Vaa Vroom promotion winner

MaraviPost

BLANTYRE-(MaraviPost)-FDH Bank Plc says it will conduct a re-draw for the second motor vehicle, a Golf 7 GTI, as part of the grand prizes in the FDH Vaa Vroom Promotion, after disqualifying one of the initially declared winners.

In a statement issued on Thursday, the Bank stated that, anomalies were uncovered concerning one of the two grand prize winners following the post-draw validation of the grand draw held on August 20, 2025.

FDH Bank plc Head of Marketing and Communications, Levie Nkunika, said the re-draw underlines the Bank’s commitment to fairness and transparency and the new date will be announced soon.

“The Malawi Gaming and Lotteries Authority (MAGLA) was notified and approved that we conduct a re-draw for the second motor vehicle,” the statement reads in part.

Nkunika added that the affected winner has been notified and that the Bank remains grateful for the support received from customers and the general public.

Meanwhile, MAGLA Public Relations Officer, Nancy Malata, has assured the public of the regulator’s oversight role in such promotions.

“All draws are monitored by us. Our inspectors verify the tickets and the winners, making it very difficult for anyone to cheat.”

“This should give the public confidence that there is no interference or manipulation, as our officers thoroughly check and cross-check to ensure that the rightful winner is identified fairly and transparently,” said Malata.

The Vaa Vaa Vroom Promotion, launched in February, aimed to encourage customers to adopt digital banking.

Business

FDH Bank’s MK360m boost for secondary school football revival in Malawi

Shaffie A Mtambo

BLANTYRE-(MaraviPost)-In a major breakthrough for Malawi’s sports development, FDH Bank has stepped in with a substantial K360 million sponsorship to reinvigorate secondary school football, a long neglected but vital segment of grassroots football development.

The deal, unveiled on Tuesday, July 30, in Blantyre, was praised by the Football Association of Malawi (FAM) and the Malawi Schools Sports Association (MASSA), which will coordinate the competitions.

FAM President Fleetwood Haiya described the sponsorship as a game changer, highlighting how the absence of consistent school football programs had crippled the country’s talent pipeline for over a decade.

He pointed out that Malawi lost valuable momentum after sponsors like Coca-Cola and Airtel Rising Stars withdrew, leaving the grassroots system fragmented and underfunded.

“We cannot talk about elite football without a strong grassroots foundation. This partnership with FDH Bank brings back hope and restores a critical bridge between primary school talent and professional football,” Haiya said.

He emphasized that this initiative fulfills one of FAM’s strategic goals of forming development partnerships, with MASSA being central to that vision.

MASSA President Blackson Malamula echoed Haiya’s sentiments, expressing optimism that the sponsorship would restore structure and energy to inter-school competitions.

“FDH Bank has not just revived football; they’ve given thousands of students a second chance to dream,” said Malamula.

The program is expected to benefit schools across all regions of Malawi and will include training workshops for coaches and referees to raise the standards of the game at grassroots level.

FDH Bank Plc’s Senior Marketing and Communications Manager Ronald Chimchere said the initiative is rooted in the bank’s long standing commitment to youth empowerment through sport.

“We have always believed in developing talent from the ground up. There has been a gap between the Mayor’s Trophy in primary schools and national competitions. Many players had nowhere to go after leaving primary school. We’re here to fill that gap,” said Chimchere.

Business

FDH Bank plc shines at the Marketers’ awards

MaraviPost

BLANTYRE-(MaraviPost)-Malawi Stock Exchange listed FDH Bank had a grand time at this year’s Institute of Marketing in Malawi (IMM) Awards ceremony over the weekend where they bagged four awards.

The Bank’s Salama Banking was named the Print Commercial of the Year, while its marketing team emerged the Marketing Team of the Year.

FDH Cares Program was named the Corporate Social Responsibility (CSR) Initiative of the Year, while its Head of Marketing and Communication, Levie Nkunika was named Marketer of the Year.

Reacting on the awards, including his accolade, Nkunika said the recognition will help them to continue to inspire and empower the next generation.

“This award is not just a personal achievement, but a testament to the collective efforts of our team, partners, and stakeholders who have supported me throughout my journey. I extend my sincerest gratitude to our senior management for their unwavering trust and vision, senior marketers for their guidance and mentorship, and young marketers and students for their enthusiasm and eagerness to learn.”

“This award reinforces my commitment to driving innovative marketing strategies that resonate with our customers and contribute to the growth of FDH Group and the industry. I dedicate this recognition to everyone who has contributed to our success,” said Nkunika.

This year, the Parliamentary Committee on Social and Community Affairs commended FDH Bank plc for the investing K6 billion in the CSR initiatives for the past five years.