The financial services sector in Malawi consists of twelve (12) banks and one Discount House with the latest entrants in the retail banking being FDH Bank Ltd in 2008 and an investment bank in 2012. FDH Bank has grown quite steadily since its inception in the year 2008. The Bank is available all over the country with a total of 12 outlets.
Credit interest is calculated on the minimum monthly balance and applied monthly on the last day of the month. Service/ledger fees are charged and accrued per transaction and applied as a total at the end of every month. Account statements are sent out monthly from the date of opening. The statement frequency can be amended to suit your needs.
Whether it is a car, truck, trailer, motorcycle, boat, house, machinery, farm, or office equipment or any other fixed asset FDH Bank has the perfect financial solution for its customers. FDH Bank provides finance to companies and organizations, a salary earner – employed persons & self employed persons.
FDH Bank gives Engineers MK 350,000 Sunday, 24 March 2013 20:56
FDH Bank donated K350 000 to the Malawi Institution of Engineers (MIE) towards the engineers body’s two-day annual lake conference which took place in Mangochi.
Making the donation, FDH Bank head of asset finance Mbachazwa Lungu said the bank appreciates the good work the engineering fraternity is doing in contributing to the social and economic development of the country.
FDH donates to Hospital Equipment to Mangochi District Hospital Sunday, 24 March 2013 20:57
In our quest to support the Malawi Governments maternal health initiative, FDH Bank recently presented medical equipment valued over K600,000.00 to Mangochi District Hospital. "We have made a deliberate initiative to work with communities because we understand that a growing and healthy community is a catalyst for business growth and economic development’ said Jimmy Kayuni speaking at the handover ceremony.
FDH Bank donates K500,000.00 to Malawi Blood Transfusion Service Monday, 25 March 2013 09:31
FDH Bank has partnered with the Malawi Blood Transfusion Service (MBTS) in a fundraising and awareness campaign to ensure the provision of safe and adequate blood supplies to all patients in need of the blood transfusion. The Bank sponsored MBTS with a contribution of K500 000 as a first step to helping alleviate most challenges faced by medical institutions and people within Malawi due to inadequate blood supplies. The awareness campaign that the Malawi Blood Transfusion Service has undertaken is indeed a noble cause as they endeavour to advocate for all individuals in dire need of blood and also as they strive to provide information, education and communication to all those affected in the various ways.
Alfonso is FDH brand ambassador Thursday, 04 April 2013 09:45
Malawi’s celebrated fashion designer Lilly Alfonso becomes the first fashion designer to get a celebrity endorsement after FDH Bank appointed her as an official Bank Ambassador.“I am humble with the trust FDH has shown in me to make me their brand ambassador out of equally good designers in the country. This support will push me to greater heights as I and others strive to take Malawi on the international designing map. The good thing is the agreement both benefits me and the bank,” she said.
FDH Bank Presents K500,000.00 to Economics Association of Malawi Sunday, 05 May 2013 09:36
FDH Bank has called on Economics Association of Malawi (ECAMA) to aggressively play its role in the Malawian society as it undergoes various economic reforms when the Bank presented a K500,000.00 cheque to ECAMA for its corporate membership as well as to assist in the running of its activities.
FDH Bank eagerly await the activities that shall be organized by ECAMA in ensuring that the economy emerges stronger from the various economic challenges we currently face today. The Bank fully understands that the association is a voluntary organisation; however it has been resilient in its quest to deliver on its objective. It is in this regard that FDH continues to support ECAMA, and is proud in doing so.
Thanks to FDH, MJ family to have new house Friday, 28 June 2013 07:38
A Mulanje woman will soon say good bye to her housing woes, thanks to Habitat for Humanity Malawi (HFHM) and their Orphaned and Vulnerable Children (OVC) project. HFHM partnered with FDH Bank Limited to build a house for 28 year old Charity Madeya from Wetheya Village, Traditional Authority Juma in Mulanje.
Appointment of Mr Phillip Madinga as Managing Director of FDH Bank Limited Friday, 05 July 2013 10:17
The Board and Management of FDH Financial Holdings Limited and FDH Bank Limited are pleased to announce the appointment of Mr. Phillip Madinga as the Managing Director of FDH Bank.
Prior to joining FDH Bank Limited, Mr. Madinga worked with Standard Bank Limited where he initially joined in 2008 as Head of Corporate Banking and rose to the position of Head Of Corporate & Investment Banking at the time of his departure. Mr Madinga was instrumental in the deepening of the Corporate & Investment Banking product & service offering for Standard Bank.