The FDH Diaspora Account is designed mainly for you, a Malawian residing in a foreign country. Operating an FDH Diaspora Account offers you the opportunity of maintaining an account in Malawi while resident abroad. Individuals and companies can open this account.
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 eMoney to Empower the Unbanked Friday, 05 September 2014
FDH Bank partners Airtel MoneyFDH Bank has once again reaffirmed one of its aspirations to make the banking experience enjoyable and more convenient through technology with the launch of FDH eMoney, set to empower the unbanked population with yet another affordable and innovative banking solution.
In a partnership with Airtel Money, the bank will be offering a mobile money solution suitable for both individual and corporate customers and agents. This means that customers on FDH eMoney can transact using their e-value in their mobile phones and their cash sitting in the account interchangeably upon registering with Airtel Money through FDH Bank.
FDH Braving The Storm Monday, 11 August 2014
FDH Group LogoDefeating a host of factors, including an uncertain economic and business operating environment, a slowdown in economic activity, high interest rates, changes in the USD/MWK exchange rate and regulatory changes, FDH Financial Holdings, one of the leading financial institutions in Malawi, has registered a growth in Profit After Tax (PAT) of 169% compared to the same period in 2013, while Group total revenues grew by 90% on a year on year basis.
“Our results reflect that our diversified business shows good growth and resilience despite the tough, uncertain and challenging operating business and economic climate,” said Mr. Thomson Mpinganjira, Chief Executive Officer of FDH Financial Holdings.
FDH Bank Donates to Prosthetic Centre Thursday, 07 August 2014
FDH Bank today made a donation of K500,000 to 500 Miles Prosthetic and Orthotic Centre, an organization at Mzuzu Central Hospital that helps people who have mobility problems. Presenting the cheque, FDH Bank Mzuzu branch manager, Stephen Chawala said the organization is doing a commendable job in getting people move again. He said the Bank thought of giving back to the society, through the donation, in an effort to make a real difference to people's lives.
FDH Bank Donates to DAPP Teacher's School Friday, 27 June 2014
Head of IT, Ganizani Phiri (2nd right) and Head of Operations and CSR Committee Chairman Charles Bello (right) making handoverFDH Bank last week donated a desktop computer and heavy duty printer worth K1 million to DAPP Chilangoma Teacher Training School in Blantyre.
The Bank’s Head of Operations, Charles Bello, said the donation will help make significant contributions to scale up standards of education by making education more inclusive, meaningful, and enjoyable.
He said the programme has already contributed over 1,000 teachers to various primary schools nationwide.
FDH Bank Assists Albinism Grouping Monday, 23 June 2014
Chitalo (left) shakes hands with Njati-Banda during handover ceremonyFDH Bank on Tuesday donated K305,000 to the Foundation for People with Albinism in Malawi (FOPAM) to help towards the establishment of the grouping.
Presenting the cheque in Blantyre, FDH Bank Head of Credit Innocent Njati Banda said the Bank was proud to support such a grouping which, among others, aims at improving education, social standards as well as well as providing micro lending services with people with Albinism. He said FOPAM and FDH Bank shared a mutual goal of bringing a positive impact to communities.
FDH Introduces HIV/AIDs Policy Tuesday, 03 June 2014
FDH Staff at HIV/AIDs LaunchFDH Financial Holdings Limited has launched an HIV/AIDs work-place policy as a way of managing and contributing to the effective achievement of HIV/AIDs prevention and management in the work force.
Speaking during the launch at Mount Soche in Blantyre, the Bank’s director Judith Chirwa said the number of employees at the institution is growing and that currently, most of the employees are within the age group of 25-35 years, further stating that the age group is normally sexually active hence the need to sensitize them on HIV/AIDs and to ensure that all employees are aware of the effects of HIV/AIDs.
Mzuzu ESCOM employee wins K1m in FDH Bank Zatheka promo Tuesday, 27 May 2014
One Million Kwacha Grand Prize Winner in the Zatheka PromotionA Mzuzu-based ESCOM motor vehicle technician Solomon Kamanga has won K1 million in FDH Bank Zatheka Promotion that ran from March to May 2014.
Kamanga said he thought it was a prank from his friends when he first got the news. He said the money has come at the right time when he has a house construction project and school fees bills at hand.
“When I opened my Zatheka account I did not have the competition in mind, all I wanted was to save money at a good interest rate of 18 percent quarterly, for school fees,” Kamanga said.
Transactional Banking Business Manager Henry Najira said the promotion, which was meant to promote a saving culture among Malawians, served its purpose.
Government hails FDH Bank for Top of the Class Sponsorship Wednesday, 14 May 2014
Malawi Government says the K20 million sponsorship by FDH Bank to revive the Malawi Broadcasting Corporation (MBC) Top of the Class, an inter-schools quiz competition, will help uplift education standards in the country.
Minister of Education, Science and Technology Luscious Kanyumba, speaking on Friday at Zomba Catholic Secondary School (ZCSS) during Top of the Class official launch, said the competition fosters academic competition and excellence.
“The quiz competition promotes quality of education and also encourages students to study harder. The competition also promotes a reading culture among the students,” he said.
Kanyumba hailed FDH Bank for supporting the promotion of quality education, and called on other companies to emulate the example portrayed by the bank.
Government partners FDH Bank in aid of small-scale miners Monday, 31 March 2014
The challenge of Capital Financing and financial literacy which has impeded the growth of Artisanal and Small-scale Miners (ASMs) in the country will soon be history thanks to the Memorandum of Understanding (MoU) Government has signed with FDH Bank Limited.
The MoU will see FDH Bank providing ASMs with capital financing, access to capital investments and financial education in areas of effective organization with an aim of seeking viable markets.
Minister of Mining John Bande, speaking during the signing ceremony in Blantyre on Friday, 28th March, said the MoU signifies a new stakeholder participation in government’s quest to lift its people out poverty.
FDH Bank Supports Two Nursing Scholars Friday, 07 March 2014
FDH Bank is the first local Bank to help GAIAFDH Bank strives to give back to communities it serves by creating real opportunities for a brighter future, particularly in education and health.
The Bank’s managing director, Phillip Madinga, said as such, issues to do with education and health are held close to their hearts.
Madinga was speaking on Tuesday in Blantyre when the Bank gave K2.47 million to Global Aids Interfaith Alliance (GAIA) for scholarship of two nursing students covering tuition and supplies between 2014 and 2017.
“Our partnership with GAIA on the funding of scholarships at the Bachelor degree level is, therefore, not coincidental. We have a shared passion to see improvements in the provision of basic health services through education,” he said.
FDH Bank’s Bancassurance to relieve businesses, individuals Friday, 31 January 2014
Secure your tommorow todayIn response to uncertainties of life, FDH Bank has introduced Bancassurance, an insurance cover product that aims at selling the bank’s products and insurance under one roof.
The bank’s Managing Director, Phillip Madinga, said yesterday in Blantyre that through Bancassurance, the financial institution will be extending to their customers their value offering as they realize their aspirations with peace of mind knowing that their assets are insured.
The rationale behind Bancassurance is on the fact that life can throw uncertainties towards your assets when not expected, and where such assets are acquired by a loan, you, the beneficiaries, are at risk of losing your hard-earned assets should there be an outstanding loan balance to settle.
FDH Bank injects $4.8m for Basel II Wednesday, 01 January 2014
FDH Bank Limited Head OfficesFDH Bank Limited has increased its capital base by $4.8 million (K2.2 billion) in readiness for the rollout of Basel II—the second of Basel accords—to be effective as of January 1, 2014.
FDH Bank, a subsidiary of FDH Financial Holdings Limited, in a statement yesterday said the additional capital will enable the Bank to comply with Basel II capital adequacy requirements.
To meet the requirements of the recommendations made by the Reserve Bank of Malawi (RBM) under Basel II, FDH Bank is expected to boost its capital base so that its Tier One Capital Ratio—the ratio of a Bank’s core equity capital to its total risks weighted assets (RWA)—is at 15 percent, but FDH Bank has added that the capital injection will also allow the financial institution to continue growing while providing first-class Banking services in Malawi.