FDH, one of Malawi’s high street banks, has made significant progress in reducing non- performing loans (NPLs) in the year 2023.
This development has been outlined in their financial performance report for the year ending December 31, 2023.
The NPL ratio has decreased from 7.10% as of December 31, 2022 to 1.57% as of December 31, 2023.
The reduction in NPLs has contributed to a 47% growth in total income for the Malawi Stock Exchange-listed bank, primarily driven by increases in net interest income and non-interest income.
Charity Mseka, FDH Bank board chairperson, has emphasized that the bank remains committed to its efforts meant to further reduce NPLs and recover bad debts.
