FDH Bank has donated MK20 million to the Lilongwe University of Agriculture and Natural Resources (Luanar) for construction of a Multipurpose hall at the college.
The university needs at least K180 million for the project.
Making the donation, FDH Chief Executive Officer, Thomson Mpinganjira, said the bank decided to help the Luanar as it is a key component in the development of Malawi’s agricultural sector.
Malawi’s fastest growing commercial bank, FDH Bank, says it sees a bright future following the recapitalisation process which has so far seen a total of MK6.6 billion being injected into the bank.
In an interview on Friday, FDH Holdings Chief Executive Officer, Thom Mpinganjira, said an additional MK5 billion will be injected into the bank before May 31 ahead of the June 30 deadline set by the Reserve Bank of Malawi.
The development will bring the total amount spent on recapitalisation of the bank to MK1.6 billion.