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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17 thoughts on “Malawi Savings Bank to be named FDH”

  1. ulanda says:

    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

  2. Wopanda Ntchito says says:

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

  3. Nasirina says:

    Ted anasintha nkhope kani?

  4. choncho says:

    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

  5. anadimba says:

    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.

  6. anadimba says:

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

  7. kunkuyu says:

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

  8. Benson Chirwa says:

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

  9. proudmalawian says:

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

  10. 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 peaceful than Malawians. They are patriotics.

  11. APM Sangathe says:

    Ted Chanza is a coloured guy from Chigumula.

  12. ... says:

    Olo atandithira DOOM mkamwa, Sindingatsegule account ku Banki ya alomweyi.
    Iyi za msete eti.

  13. Paulos Banda says:

    Acting CEO because is SDA member? Zakupanyo?

  14. GROUP VILLAGE HEADMAN KHWETEMULE says:

    Akafa Bwampini this Bank will be nationalised.It was sold fraudulently.Ngati mwayamba kuba Nkhata Pamaliro then mwakathyola ku Den ya Western Diplomat. Mwawonjeza Makape Inu.Your days are numbered.

  15. We are listerning, deal already done So?

  16. chingolopiyo says:

    There is no News here. The bank was sold so the New owners are at Liberty To Call it any name they want.

  17. Gu says:

    That’s not the correct photo for ted chanza. I know him personnally

Comments are closed.