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FMB Group Reports US$ 40 Million Profits

By Mayamiko Phiri, Contributor

FMB Capital Holdings Plc (FMBCH), a holding company for First capital bank operations in Africa, has posted an after tax profit of US$ 40 Million for the year ending 31st December 2021.

Terence Davidson, the Board Chairperson for the Group, disclosed the development in Blantyre during the bank’s 6th Annual General meeting.  

As such, FMBCH Directors have resolved to pay dividend of 2,458,250.00 in respect for the year ended 31 December 2021 representing 0.1 cents (US$) per ordinary share.

Davidson stated that the bank performed extremely well by doubling profits after recorded US$ 20 million in 2020 to US$ 40 million in 2021.

He further pointed out that despite challenges due to impact of COVID – 19 the bank has remained resilient.

The group has a total asset base of US$ 1.2 billion and employs over 1500 people across Africa.


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