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The bank was founded in 2008, as a subsidiary of FDH Financial Holdings Limited (FDHFHL), a financial holding group, formed in 2007 to replace First Discount House Limited (FDH). [ 6 ] In July 2015, FDH Financial Holdings Limited successfully acquired 75 percent ownership of Malawi Savings Bank , together with its subsidiary MSB Forex Bureau ...
CDH Investment Bank; Ecobank Malawi, part of Ecobank Group; FDH Bank; First Capital Bank Malawi Limited, part of First Capital Bank Group; National Bank of Malawi; NBS Bank; Standard Bank Malawi, part of Standard Bank Group; Centenary Bank Malawi, part of Centenary Group
In the same month, FDH promised to build Chalamanda a grocery store in his local town of Chiradzulu. The promise was fulfilled in September of the same year when the bank handed over a well constructed and fully stocked grocery store, thereby providing Chalamanda with a reliable source of income to facilitate his retirement from music. [5] [6]
Balaka has only four known banks. There is Standard Bank just opposite the main mosque. Another one is Malawi savings bank( now known as FDH Bank from May 2016) which operates within the post office. National Bank, which has been under construction, opened its doors in February 2009 thereby giving the local populace competitive banking services.
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Thom Mpinganjira is a Malawian business tycoon and philanthropist. [1] He is the founder and former CEO of FDH Financial Holdings Limited. [2] He has also served as a council member of the Bankers Association of Malawi.
Malawi Savings Bank (MSB), was a commercial bank in Malawi. It was licensed as a commercial bank by the Reserve Bank of Malawi, the central bank and national banking regulator. [1] Prior to 2015 MSB was a wholly owned parastatal company. MSB was acquired by FDH Bank on 3 July 2016. [2]
Branches of the First Discount House FDH Bank and NBS Bank are closely located at the central point of the town, on the junction of Salima/Lilongwe and Ntchisi/Kasungu. While Standard Bank (a branch of Standard Bank South Africa) is situated 50 km away at Illovo sugar company's premises in Dwangwa, where National Bank of Malawi and NBS Bank are ...