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Malawi Govt hails FDH Bank Plc for opening first ever Service Centre on Likoma Island

Malawi Govt hails FDH Bank Plc for opening first ever Service Centre on Likoma Island
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FDH Bank posts K14.9 billion profit from K5.3billion

April 9, 2021
Nyasa Times Reporter 5 Comments
Listed FDH Bank plc has reported an after tax profit of K14.9 billion for the year ending 31 December 2020 from a restated after tax profit of K5.19 billion the previous year, its financial statement shows.
Dr Ellias Ngalande FDH Bank Managing Director: Signed the financial statement
Dr Ulemu Katunga Chairman of Finance and Audit Committee of FDH Financial Holdings Limited: Signed the financial statement
Charity Mseka Board Chair for FDH Bank: Signed the financial statement
Richard Chipezaani FDH Bank Head of Finance: Signed the financial statement
The statement signed by the Bank’s Chairperson Charity Mseka, Director Ulemu Katunga, managing Director Ellias Ngalande and Head of Finance Richard Chipezaani, the bank said it achieved the impressive financial results amid a challenging operating environment. ....

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FDH Bank Posts K14.9billion Profit - Malawi Voice

Charity Mseka Board Chair for FDH Bank
Listed FDH Bank plc has reported an after tax profit of K14.9 billion for the year ending 31 December 2020 from a restated after tax profit of K5.19 billion the previous year.
In a statement signed by the Bank’s Chairperson Charity Mseka, Director Ulemu Katunga, managing Director Ellias Ngalande and Head of Finance Richard Chipezaani, the bank said it achieved the impressive financial results amid a challenging operating environment.
“Net Interest Income went up by 77% on the back of an increase in the loan book and other interest bearing assets. Interest expense went up by 15.8% reflecting the growth of the Bank’s deposits.” ....

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