A statement signed by the Board Chairman of FDH Bank, Arthur Oginga, the Chairman of the Finance and Audit Committee Dr. Ulemu Katunga and the Managing Director Dr. Ellias Ngalande, has announced that FDH Bank has posted a profit after tax of K7.846 billion for the financial year ending 31 December 2019.

The 32% profit coupled with Net Interest Income which went up by 7%, while interest expense went up by 15% reflecting the growth of the Bank’s deposits according to the statement.

On the other hand, customer deposits increased by 22% from MK112.570 billion to MK137.140 billion. During the CIM Marketing Excellence Awards which were held at Amaryllis Hotel in Blantyre last year, FDH Bank won 9 awards, which speaks volumes about the FDH Bank brand. The bank was awarded Most Improved Brand of The Year and Life Changing Brand of The Year, among many others.