FDH Bank plc has hit K4.7 trillion market capitalisation, joining the elite ranks of most valuable Malawi Stock Exchange-listed companies a few days after acquiring a 98.8 percent stake in Ecobank Mozambique SA (EMZ).
MSE weekly market report shows that FDH Bank plc’s share price has also increased by 14.8 percent from K599.99 on the day of the announcement to K689.28 at the close of the week.
FDH Bank plc head of marketing and communication Levie Nkunika said in an interview yesterday that the remarkable performance is a result of disciplined strategy execution.
“We are excited with the growth of the bank on Malawi Stock Exchange. Our focus remains on delivering accessible financial solutions,” he said.
In a move that underscores its regional expansion ambitions, last Tuesday, FDH Bank plc announced the acquisition of 98.8 percent stake in Ecobank Mozambique through a definitive agreement with Ecobank Transnational Incorporated (ETI).
The deal, valued at 0.7 percent of FDH Bank plc’s market capitalisation as of July 31 2025, marks a major milestone in the bank’s strategy to extend its footprint in Southern Africa.
In a statement, FDH Bank company secretary Juliano Kanyongolo is quoted as having said the acquisition is expected to deliver strategic benefits, including market expansion, revenue diversification, operational synergies and long-term value creation for stakeholders.
“This transaction represents a significant milestone in our regional expansion strategy,” he said.
ETI company secretary Madibinet Cisse emphasised that the decision aligns with Ecobank’s growth, transformation and returns strategy.
Industry experts have since welcomed the move, with Malawi Stock Exchange chief executive officer John Kamanga saying the move is significant to the economy and signals maturity in the country’s financial sector.
In terms of market capitalisation on MSE, Standard Bank plc trails FDH Bank plc at K4.3 trillion, FMB Capital Holdings plc at K3.4 trillion, National Bank of Malawi plc at K3 trillion and NBS Bank plc at K2 trillion.
