FDH Bank, a prominent financial institution founded by Malawian billionaire Thom Mpinganjira, is poised for a year of remarkable growth, projecting its profit after tax to more than double in 2025.
In a voluntary earnings update, the bank announced it anticipates profits to soar by up to 104 percent, potentially reaching an impressive MWK151 billion ($87.08 million).
This figure represents a significant leap from the MWK74.06 billion ($42.71 million) profit recorded in the previous year, signaling robust health and strategic success for the fourth most valuable lender on the Malawi Stock Exchange.
The bank’s optimistic forecast is anchored in strong fundamentals, including significant growth in its credit and deposit books.
However, a key driver of this anticipated success is its recent strategic expansion beyond Malawi’s borders. FDH Financial Holdings, the bank’s parent company, recently finalized the acquisition of a 98.8 percent stake in Ecobank Mozambique SA.
This landmark deal provides FDH Bank with a crucial foothold in the Southern African region, allowing it to diversify its revenue streams and tap into Mozambique’s developing banking market.
This move is a clear indication of the bank’s ambition to transform from a national heavyweight into a regional powerhouse.
In a statement, Managing Director Noel Mkulichi attributed the strong performance to “disciplined execution and proactive risk management,” highlighting the bank’s ability to navigate economic challenges while aligning its strategy with national development priorities.
Though founded by Thom Mpinganjira, who stepped down in 2020 following a bribery scandal, the institution continues its upward trajectory under the leadership of the Mpinganjira family, with his son William Mpinganjira now heading the parent holding company. While expressing cautious optimism for 2026, the bank emphasized that these impressive profit projections have not yet been reviewed by external auditors.
