FDH Bank listing on Malawi Stock Exchange offers confidence: Share prices gains 50%
FDH Bank plc says its listing on the Malawi Stock Exchange (MSE) on Monday morning will offer confidence to all shareholders that the home grown bank is on its way of realizing its vision of being the leading provider of first class financial solutions in Malawi and the Southern African region with share price jumping by 50 percent to trade at K15 per share on the first day from an initial price of K10.
Board Director for FDH Bank plc Dr Eric Sankhulani said during the listing of the bank in Blantyre that success belong to the visionary and said FDH Bank plc has a vision.
“Our collective vision is to be the leading provider of first class financial solutions in Malawi and the Southern African region. Ladies and gentlemen, that is the vision of FDH Bank Plc.”
“It is a daring vision but through driving our market share and revenue growth, optimizing our capital and margins and growing our people, we are going to hold hands and make that dream a reality in the near future,” said Sankhulani.
He extended a vote of thanks to the new shareholders who have sown their seeds in the home-grown bank thereby showing confidence in the future prospects of the bank saying they will reap the fruits of their investment.
“First, we dreamed of having a largest foot print of service centres, we now have 51 service centers – the largest in Malawi. Second, we dreamt of becoming a leading digital bank, we are now a leading digital bank with financially inclusive digital products which anyone anywhere in Malawi can access or open on their phone and transact without going into a banking hall.”
“We also dreamt of listing on the Malawi Stock Exchange one day. Today, you and I, are not only bearing witness but are the actors of the realization of that dream. We all deserve a part on the back,” said Sankhulani.
MSE Board Chairman Winford Masanjala hailed FDH Bank for listing on the bourse making it to be a 16 counter bourse adding that it is a huge milestone in the history of MSE.
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