Malawi Savings Bank to be named FDH

The once government-owned Malawi Savings Bank (MSB) is expected to change its name to FDH Bank once it has fully been integrated with the FDH Bank, the bank official has revealed.

Chanza: MSB acting boss

Chanza: MSB acting boss

MSB to be FDH

MSB to be FDH

FDH Bank and MSB are currently under the integration process after FDH Financial Holdings Limited bin July this year acquired majority shares of the formerly wholly government owned bank.

MSB acting Chief Executive Officer, Ted Chanza said the integration was expected to take between 12 to 18 months to complete.

Chanza in a communiqué to the bank’s customers said the integration of the two banks depends on regulatory approvals from Reserve Bank of Malawi (RBM).

“The new shareholder intends to run its two banks, FDH Bank and Malawi Savings Bank (MSB) separately, subject to approval from the Reserve Bank of Malawi, during which period the two businesses will be undergoing integration,” explained Chanza.

Chanza said based on Sale and Investment Agreement, FDH Financial Holdings was currently implementing various operational and strategic changes at MSB, which include, among others, improving the governance structure and processes.

“Please also note that, we do not expect to make any major changes during the period of integration. However, when the two banks are fully integrated and subject to regulatory approvals from the Reserve Bank of Malawi, we will merge into one bank which will be called FDH Bank Limited. We believe that the new bank will provide more growth opportunities of doing business,” he added.

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ulanda
Guest

Abale Ted Wasintha Nhope eti? Kaya mwina mwache wayamba kuoneka za mtundu wina. Ted ndi Mlamu wanga ine ndikumudziwa bwino inu amene simukumudziwa Ted Chanza Khalani Chete ndipo he is not Catholic but Pure Adventist.

Kwao onse amaoneka Achikaladi

Wopanda Ntchito says
Guest

kusintha zina kulibe ntchito, koma ma services. ma salary omwewanso mpakana kuyendera alphabetical order? Mutilipira liti?

Nasirina
Guest

Ted anasintha nkhope kani?

choncho
Guest

7th Day Adventist Bank. All positions are filled by these 7th day bastards. Very soon the bank shall b closed on saturday akuti its sabath. Zautsilu basi. 7th day are the worst pipo on earth. Proudly Catholic

anadimba
Guest

palibenso chikuyendako clearance ya cheque mpaka two weeks mumangodziyamba eti???basi kufuna kutchuka ndi mbale wanu wobwera wopanda kanthuyo.akuba nyumba tikumuona.kwawo ologowelo kunalibe. Kudzatiremerera mmaso.lero ndi bank,mawa aba mzungu waku German. Ndi uyu wabweretsa zodulana ziwaloyu ,kufukula manda alibino. Ati kukkhwima.

anadimba
Guest

zimenezo mumuuze petulo anakugulitsaniyo.ine ndilibe nazo ntchito.loan yanga ikadzatha ndizalowa ina.shupit

kunkuyu
Guest

Paulos, Ted Chanza is Catholic not SDA.Gu, if u doubt this photo then u don’t know Ted Chanza.

Benson Chirwa
Guest

Change FDH to SDA BANK as top positions belong to them even board members the likes of poly’s Dr Sankhulani.

proudmalawian
Guest

the shit DPP. mbuzi zolamula!!!!! bolanso mbuli Muluzi!!!!!

mulamu pelekani@gmail.com
Guest
The bank was sold where is thee money from selling the bank went? Is this not the thing like selling the jet plane? Abale every president shall sell government owned property to enrich himself or herself. What next will be sold? The nation and people. Muluzu wanted to sell the lake to Arabs. Can u imagine? What useles and senseless without love for their nation. I went to Zambia and see how those people love their nation. They will die for it. Malawians NO. They sitt there calling themselves christians and peaceful people. Have seen TZ fighting? They are more… Read more »
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