Malawi
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FMB Capital Holdings posts K62 billion in profits

FMB Capital Holdings Plc has registered a profit after tax of USD61.2 million (about K62 billion) representing a 51 percent increase from the last year’s profit.

FMB Capital Holdings Chief Executive Officer, Jaco Viljoen disclosed the development during company’s Annual General Meeting (AGM) held on Monday at First Capital Bank offices in Blantyre.

The CEO Viljoen attributed the success to excellent service provision from all the countries which they operate from including; Malawi, Zambia, Zimbabwe, Mozambique and Botswana.

“I can attribute it to the good contribution from all of our countries. We are in five countries in Africa; Botswana, Malawi, Mozambique, Zambia and Zimbabwe and we have seen constant growth in all of them and all of them contributed to the growth, which is quite excellent,” he said

He also pointed out that said First Capital Bank Malawi has been the biggest contributor to success story as it has the biggest shareholding.

“Malawi is our biggest contributor in dollar terms, First Capital Bank Malawi, but we have also seen the excellent growth in Mozambique.

“But it’s very unfair for me to appreciate one country, but we are very grateful for Malawi for being the biggest and that is also where we have the more shareholders,”

FMB Capital Holdings Plc, also referred to as First Capital Bank Group, is a financial services holding company based in Mauritius.

It operates commercial banks in the Southern African countries of Botswana, Malawi, Mozambique, Zambia and Zimbabwe, which trade as First Capital Bank.