FDH Bank is running a bid bond campaign ending 30th June, 2018. The campaign is aimed at helping businesses effectively compete in tender processes.
A bid bond is a form of security that is provided by a financial institution to a contract buyer as a guarantee of their financial capacity to fulfil the obligations of the contract.
FDH Bank has unveiled a new product called Smart Pay which will enable consumers pay for goods and services using their mobile phones.
FDH Head of Business and Personal Banking, Kawawa Msapato, said consumers will no longer have to carry cash, wallets or ATM cards when going shopping.
FDH Bank recently handed over cash prizes worth over K2.3 million to winning schools in the Blantyre Mayor’s Trophy.
FDH Deputy Managing Director, William Mpinganjira, said the bank took pleasure in sponsoring the Mayor’s Trophy as a way of applauding the initiative taken by Blantyre City Assembly to champion the growth of youth in the country.
“We at FDH Bank are committed to growth from inception, and we were not only pleased but honored to be part of this initiative.” Mpinganira said.
FDH Bank officially handed over a Mazda Demio from its Kuyiphula Win a Car Promotion in partnership with Be – Forward to Thokozani Sichali from Karonga.
Mr Sichali emerged as the overall winner out of 933 people who made car purchase transactions during the promotion month of February.
“I will give this car to my wife to ease her mobility challenges,” said the lucky winner
FDH Bank Head of Personal and Business Banking, Kawawa Nsapato, is seen presenting the keys to Sichali who proudly tests his new car.
A Karonga-based businessman, Thokozani Sichali, emerged as winner of a Mazda Demio vehicle during the final draw of FDH Bank’s Kuyiphula- Win a Car promotion.
Sichali could not hide his joy when contacted after the draw.
“I am very happy. This is a wonderful gift the bank could offer,” he said.
FDH Bank has launched the Be Forward Kuyiphula ‘Win a Car’ Promotion.
The launch which took place at the bank’s Head Office in Blantyre recently, further seeks to reward customers.
FDH Bank Small and Medium Enterprise Manager, Anthony Masamba, said the promotion is one way of celebrating the partnership that has also offered the bank another avenue of improving customer service.
FDH Bank says it prides itself as a champion for growth in the country citing education as a lead catalyst for growth.
Deputy Managing Director for FDH Bank William Mpinganjira made the remarks when the bank handed over sponsorship valued at K72 million to University of Malawi after entering into a memorandum of understanding towards sponsoring students.
Mpinganjira added that FDH Bank feels privileged to have a rewarding working relationship with an institution of high esteem as UNIMA which plays an integral role in shaping the future of this nation.
One of the country's commercial banks, FDH Bank registered a financial turnaround in the first half of 2017, recording an after tax profit of MK1.64 billion from a loss of MK192.2 million during the same period last year.
The development follows a MK9.7 billion capital injection the bank made in the first six months of 2017 to make the institution Basel II compliant, following the acquisition of Malawi Savings Bank last year.
FDH Bank has expressed satisfaction with its ongoing Mchikumbe Akolore promotion, which has seen the bank gaining over 20,000 new customers.
This was said during the second draw of the promotion, held at the bank’s head offices in Blantyre.
FDH Bank Head of Personal Business Banking, Kawawa Msapato, said the bank managed to reach its targets in the first month of the promotion.
“We had initial expectations when we started the promotion. It pleases me to say that what is happening on the ground has exceeded our initial expectations,” Msapato said.
The Mchikumbe Akolore promotion began at the end of June and was aimed at encouraging more farmers to maintain a saving culture.
“We have seen a huge impact on the accounts that have been opened, especially by the farmers. They had the possibility to win something and also save money for a rainy day.” Msapato said.
During the draw, 25 customers went home with 5okg bags of fertiliser each; 10 customers carted home MK50,000 each and consolation prizes of FDH bank-branded T-shirts and cloths were given away.
By Sharon Chirwa