FDH Bank Plc has released a trading statement for the financial year ending 31st December 2024, signaling strong financial growth. The bank anticipates a profit after tax of MWK 59.2 billion to MWK 62.5 billion, representing an increase of 66% to 75% compared to MWK 35.6 billion recorded in FY2023.
Key Highlights
- Expected Profit After Tax: MWK 59.2 billion to MWK 62.5 billion.
- Growth Range: 66% to 75% compared to FY2023.
- FY2023 Profit After Tax: MWK 35.6 billion.
FY2023 Performance Drivers
In the previous year, FDH Bank’s upward trajectory was driven by:
- Net Interest Income: Increased by 60.4% to MWK 59.85 billion.
- Customer Deposits: Grew by 35.3% to MWK 443.96 billion.
- Total Assets: Expanded by 30.3% to MWK 566.06 billion.
Outlook
FDH Bank’s sustained growth reflects its strategic focus on operational efficiency and market leadership. The results underline the bank’s commitment to creating shareholder value and navigating the challenging economic landscape with resilience.
