Tags: FDH Bank

VP talks reforms at Icam conference

Vice-President Saulos Chilima has said the reforms government has undertaken will help to create a vibrant public service as well as ensuring prudent use of taxpayers’ money. He said government has embarked on two critical and bold reforms—public service and public finance management—which are necessary to stimulate an efficient environment in the public service. “Government…

Four Malawian banks fail to meet Basel II capital

Four of the Malawi’s 11 commercial banks were by June 30 yet to meet the new capital requirement of $5 million (about K2 billion) under Basel II, the Reserve Bank of Malawi (RBM) has said, clearly signalling their capital inadequacy. The second of Basel Accords issued by the Basel Committee on Bank Regulations, rolled out…

Govt partners FDH Bank in aid of small-scale miners

The challenge of capital financing and financial literacy which has impeded the growth of Artisanal and Small-scale Miners (ASMs) in the country will soon be history thanks to the Memorandum of Understanding (MoU) government has signed with FDH Bank Limited. The MoU will see FDH Bank, among others, providing ASMs with capital financing, access to…