Month: July 2017 Posts

NBM, FDH respond to central bank’s policy rate cut

Jul 13, 2017 Luke Bisani 2 &

Days after the Reserve Bank of Malawi (RBM) lowered its interest rate to 18 percent, two commercial banks have responded to the interest rate cut. The two banks, National Bank of Malawi (NBM) and Financial… ...

FDH Bank undermines court order

Apr 28, 2017 Andrew Cane Chilapondwa 13 &

FDH Bank has disregarded Blantyre High Court by going ahead advertising the sale of Maranatha Girls Academy, despite the court order stopping them to do so. The court ordered four bosses from FDH Bank to… ...

FDH Bank bosses risk imprisonment

Apr 27, 2017 Andrew Cane Chilapondwa 2 &

It never rains but pours for FDH Bank, as their legal battle with Maranatha Girls Academy has resurfaced and could dent the image of the bank. According to a court document from the High Court… ...

FDH extends period for listing bank on stock market

Apr 06, 2017 Luke Bisani 0 &

Malawi's diversified investment and financial solutions services group, FDH Financial Holdings Limited, has extended the period for listing FDH Bank on Malawi Stock Exchange (MSE). According to FDH, the bank is still in recapitalization process… ...

FDH opens service centre at KIA

Mar 10, 2017 Bright Malenga 0 &

As one way of extending its tentacles in the banking sector, FDH Bank has opened a service centre at Kamuzu International Airport (KIA) in Lilongwe. According to a statement released by the bank, the opening… ...

FDH prohibits hats in banking halls

Feb 28, 2017 Lyonike Mughogho 28 &

FDH Bank no longer condones wearing hats within its banking halls, Malawi24 has learnt. According the bank's management, hats should be taken off upon stepping into the halls. Through written texts pasted on walls, FDH… ...

We don’t have Chaponda’s K800 million – FDH Bank

Feb 24, 2017 Archangel Nzangaya 48 &

FDH Bank has refuted reports that Mulanje lawmaker George Chaponda has millions of money at the financial institution. The rumours came hours after a raid by the Anti-Corruption Bureau (ACB) and Police found over $58,000… ...