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FDH Bank Opens Nchalo Branch

20 Nov
FDH Bank Opens Nchalo Branch

FDH Bank has spread its presence to reach out to customers in Chikwawa and the surrounding areas by opening its Nchalo branch in Chikwawa on 27 October, 2014. The official launch of the branch took place on 30th October, 2014 and it was graced with the presence of the Reserve Bank of Malawi’s Director of Bank Supervision Eldin Mlelemba who was the guest of honour. The development brings the total number of service outlets to 13 besides 29 ATMs which are all strategically placed in various locations in the country.

In his remaks, the guest of honour reiterated on the need for commercial banks in the country to strive for the achievement of first class banking solutions.

“The expansion of your channels to the market, internet banking and FDH e-Money mobile banking solution, show that the bank is one that embraces and responds to the sophisticated customer service that the market presents in this modern day banking,” said Mlelemba.

FDH board chairman Dr Eric Sankhulani said that FDH Bank decided to open a branch in Nchalo because of various small businesses from the SME sector which has been the bank’s back bone of growth over the past six (6) years.

“We would like to support the small businesses that are operating here with our various transactional banking products and services but also support their financing requirements through our specialized loan offering for the SME sector,” said Sankhulani.

The Managing Director for FDH Bank, Mr. Phillip Madinga, indicated that the purpose as a bank goes beyond financial services which have an aim of making a real difference for bank’s shareholders, customers, staff and most importantly the communities in which the bank operates.

In an effort of addressing some of the healthcare concerns faced by the surrounding communities, FDH Bank made a donation of assorted medical equipment to St Montfort Hospital’s Pediatric section totaling MK1.5 million.