FDH capitalisation grows to K3 trillion – The Times Group

Malawi’s Economy Gets K3 Trillion Injection as FDH Capitalisation Soars

Post was last updated: July 15, 2025

Key Business Points

  • FDH Bank plc has reached a market capitalization of K3.2 trillion, making it the most valuable counter on the Malawi Stock Exchange (MSE).
  • The bank’s share price has jumped from an initial public offer (IPO) price of K10 per share in 2020 to K458.61 on Friday, a significant increase in just five years.
  • FDH Bank’s profit-after-tax is expected to rise to between K57.8 billion and K60.8 billion for the period ending June 30, 2025, a significant increase from the previous year’s K27.9 billion.

The Malawi Stock Exchange (MSE)-listed FDH Bank plc has made history by becoming the most valuable counter on the market, with a market capitalization of K3.2 trillion. This achievement comes just five years after the bank’s listing on the stock market, during which time its market capital base has grown from K60 billion. The bank’s share price has also seen a significant increase, rising from an initial public offer (IPO) price of K10 per share in 2020 to K458.61 on Friday.

According to FDH Bank plc Managing Director Noel Mkulichi, the bank’s growth can be attributed to a combination of strategies, including targeted customer focus, staff empowerment, operational efficiency, and innovation. Mkulichi highlighted the bank’s continued investment in digital platforms and innovations aimed at improving turnaround times and service delivery. As he noted, "In 2024, the environment was very challenging but we took up the challenge and that is what drove this strong performance. And looking ahead, staff development is one of our strategic pillars. That means upskilling our staff but also relying on their commitment."

The bank’s strong performance is expected to continue, with its profit-after-tax for the period ending June 30, 2025 expected to close within the range of K57.8 billion to K60.8 billion, up from a K27.9 billion profit made during the corresponding time last year. This represents a significant increase of between 107 percent and 118 percent. As investor Benedicto Nkhoma noted, FDH Bank’s achievement is a feat that demonstrates the bank’s commitment to growth and innovation. For Malawi’s business community, this development presents opportunities for investment and growth, particularly in the financial sector. As the Chichewa business phrase "Kugwiritsa ntchito kwa nzeru" (using resources wisely) suggests, businesses in Malawi must be strategic and innovative in their approach to succeed in today’s competitive market.

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Vanessa Banda
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