Malawi’s ambitious and leading home-grown financial institution and steadfast flagship commercial bankers, FDH Bank plc has registered a staggering K2.2 trillion Market Capitalisation on the Malawi Stock Exchange (MSE)
FDH Bank share value gained by a stunning 85 percent in January from K148.23 to K274.52 per share.
Announcing the remarkable milestone, FDH Bank said succinctly in an official poster: “As we register K2.2 Trillion Market Capitalisation on the Malawi Stock Exchange, we celebrate progress and power of growing together with our investors and customers.”
“Thank you,” further reads the poster.
FDH Bank plc has achieved a significant achievement by reaching a market capitalisation of K2.2 trillion, making it only the second most valuable company on MSE after National Bank of Malawi (NBM).
Accordingly, this accomplishment highlights FDH Bank’s rapid growth and increasing dominance in the financial sector, as indicated by the latest market data.
This development comes just four months after FDH Bank first hit the K1 trillion market capitalisation mark, a feat that positioned it as the third-largest company on the MSE at the time. Before reaching this stage, only two other companies—FMB Capital Holdings and Airtel Malawi—had crossed the K1 trillion threshold.
FDH Bank’s continuous upward trajectory has now propelled it ahead of its competitors, solidifying its status as a key player in Malawi’s financial landscape.
Since its listing on the MSE four years ago, FDH Bank has demonstrated exceptional financial growth. The bank’s initial public offer (IPO) was valued at K60 billion, meaning it has now added an impressive K1.83 trillion to its market capitalisation over the years. This rapid expansion reflects the bank’s strong business strategy and its ability to attract investor confidence in a competitive market.
FDH Bank plc’s head of marketing and communications, Levie Nkunika, previously attributed the bank’s success to the institution’s resilience and strategic approach to maintaining competitiveness.
Said Nkunika: “The bank has been resilient and strategic in its approach towards competitiveness,” Nkunika stated, emphasizing how FDH Bank has managed to adapt to market dynamics while maintaining a strong financial position. The bank’s outstanding performance on the stock market signifies not only its own success but also the growing strength of Malawi’s financial sector.
“As FDH Bank continues to expand, market analysts and investors will be keen to see how the institution builds on this achievement and maintains its position as one of Malawi’s leading financial institutions.
FDH Bank, also FDH Bank Limited, which is headquartered on the First Floor of Umoyo House, at 8 Victoria Avenue North, in the city of Blantyre, the financial capital of Malawi, is one of the fast-rising commercial bankers in the country and it is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator.
The bank was founded in 2008, as a subsidiary of FDH Financial Holdings Limited (FDHFHL), a financial holding group, formed in 2007 to replace First Discount House Limited (FDH).
In July 2015, FDH Financial Holdings Limited successfully acquired 75 percent ownership of Malawi Savings Bank, together with its subsidiary MSB Forex Bureau Limited and in July 2016, FDH Financial Holdings Limited completed the merger of FDH Bank Limited and Malawi Savings Bank Limited (MSB) with the merged bank adopting the name FDH Bank Limited.
FDH Bank is a subsidiary of FDH Financial Holdings Limited, a diversified investments and financial solutions centre with interests in Banking, Discount House Operations, Investment Management and Advisory Services as well as Forex Bureau operations and is headed by seasoned but youthful financial expert and banking connoisseur William Mpinganjira who is the overall Chief Executive of the FDH group.
“We celebrate progress and power of growing together with our investors and customers.”
FDH Bank Plc
Statement
