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FDH Bank, a wholly owned subsidiary of FDH Financial Holdings Limited and the fourth most valuable lender on the Malawi bourse, is projecting a substantial profit increase for the year ending Dec. 31, 2025.
Founded by Thom Mpinganjira, one of Malawi’s most successful businessmen, the bank anticipates profit after tax growth of up to 104 percent, reaching MWK151 billion ($87.08 million), compared to MWK74.06 billion ($42.71 million) during the previous year 2024.
Profit outlook driven by credit growth and deposit expansion
FDH Bank in a voluntary earnings update, forecasted its profit after tax for the year ending 2025, to range between MWK142 billion ($81.89 million) and MWK151 billion ($87.09 million), marking a 92 percent to 104 percent increase from the previous year, reflecting its commitment to growth and innovation.
Its recent acquisition of a 98.8 percent share in Ecobank Mozambique SA, which broadens its reach beyond Malawi and strengthens its position in Southern Africa, is the foundation of the improved outlook. The remaining 1.13 percent stake in the Mozambican lender is held by Fundo Para O Fomento De Habitação (FFH), a state-linked housing development fund. The acquisition positions FDH to diversify revenue streams and tap into Mozambique’s banking market.
FDH Bank’s performance reflects disciplined execution
Managing Director Noel Mkulichi said the bank’s performance reflects disciplined execution and proactive risk management. “The bank has implemented prudent strategies to mitigate these challenges and sustain profitability by aligning its strategy with national development priorities while supporting key sectors of the economy,” he said.
Mkulichi added that FDH Bank remains cautiously optimistic about 2026, citing expectations of improved business conditions supported by anticipated government policy interventions aimed at strengthening economic activity and the financial sector.
Mpinganjira family leadership
Founded in 2008, FDH Bank has become a top player in Malawi’s financial sector. After Thom Mpinganjira stepped down in 2020 following a bribery scandal tied to the 2019 presidential election, his son, William Mpinganjira, assumed leadership of FDH Financial Holdings.
In its statement, FDH Bank cautioned that the projected figures have not yet been reviewed or reported on by external auditors. Listed on the Malawi Stock Exchange since August 2020, FDH Bank is one of the five most valuable banks among the 16 counters on the bourse.
With strong profit expectations, expanding regional operations, and continued alignment with national development goals, FDH Bank is strengthening its position as one of Malawi’s most influential financial institutions under the broader Mpinganjira business legacy.
