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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