The published financial statement for the year-ended June 30 2020 shows that FDH Financial Holdings Limited has posted a half-year profit of K5.87 billion representing an 18% increase.

Figures on the statement show that customers’ deposits increased by 22% from K133 billion as at December 31 2019 to K162.7 billion as at June 30 2020, which has been attributed to the group’s strategy of focusing on growing demand deposits through the digital service delivery channels and the bank’s wide branch network. On the other hand, total assets increased by 17% to K254.1 billion while total income grew by 13% from K18.3 billion

According to FDH Holding’s acting chief executive officer, board chairperson and chairperson of audit and finance, the group saw slowed business amidst the coronavirus pandemic, as  there were lockdowns in the countries which host the group’s trading partners.

Meanwhile, the group’s subsidiary, FDH Bank, will list on Malawi Stock Exchange on August 3.