First Merchant Bank

Ticker code FMB Industry Regional Banks Livingstone Towers
Glyn Jones Road
Private Bag 122
Blantyre, Malawi
ISIN MW000A1C5MC8 Sector Financial
Initial Listing 19 June 2006 Financial Year End 31 December
Website www.fmbmalawi.com Results Released Half-yearly

About

First Merchant Bank Limited is a public limited liability company incorporated in Malawi under the Malawi Companies Act, 1984. It is listed on the Malawi Stock Exchange and is registered as a commercial bank under the Banking Act 2010. It has four wholly owned subsidiaries incorporated in Malawi, The Leasing and Finance Company of Malawi Limited, a licensed financial institution engaged in deposit taking and asset finance, FMB Pensions Limited, a company administering pension funds, FMB Capital Markets Limited, a licensed portfolio manager and FMB Forex Bureau Limited, a licensed foreign exchange bureau and holds a 70% shareholding in Capital Bank Limited, a licensed commercial bank incorporated in Mozambique. First Merchant Bank Limited also holds a 38.60% shareholding in Capital Bank Limited, a licensed commercial bank incorporated in Botswana, and 49% in First Capital Bank Limited, a licensed commercial bank incorporated in Zambia.

Auditors

KPMG
MASM House
Lower Scalter Road
P.O. Box 508
Blantyre, Malawi

Secretary

Mr. D. Mwangwela
Livingstone Towers
Private Bag 122
Glyn Jones Road
Blantyre, Malawi

Advocates

Unavailable


Name Position
Rasik C Kantaria Chairman
Hitesh N Anadkat Vice Chairman
Dheeraj Dikshit Group Managing Director
John M O’Neill Group Finance Director
Natwarlal G Anadkat Director
Modecai Msisha SC Director
Bharat Jani Director
Jan A. Claassen Director
Dr. E. Ngalande Director
Kobus Louw Group General Manager, Credit & Operations
Thomas J Kadantot General Manager, Corporate & International Banking
Devendar Kuragayala Group Head of  Information Technology
Michael Ngwira General Manager, Leasing & Finance Company of Malawi
Jorge Stock Chief Executive Officer, Capital Bank, Mozambique
Sachin Nigam Chief Executive Officer, First Capital Bank, Zambia
Jaco Viljoen Chief Executive Officer, Capital Bank, Botswana

Distribution of shareholders by industry as at 31 December 2014
Name of shareholder Number of shareholders Number of shares % Shareholding
Local companies 66 1,612,891,647 69.04
Foreign companies 8 538,444,245 23.05
Citizen resident 1,486 99,555,445 4.26
Pension funds 36 47,775,167 2.04
Other 173 14,456,920 0.62
Investment companies & trusts 23 9,453,178 0.40
Insurance companies 7 8,820,608 0.38
Banks 5 4,852,790 0.21
Total  1,804 2,336,250,000 100.00
Distribution of shareholders by country as at 31 December 2014
Country  Number of shareholders Number of shares % Shareholding
Malawi 1,733 1,805,760,267 77.29
Kenya 3 525,002,750 22.47
Other 60 3,151,783 0.13
Portugal 8 2,335,200 0.10
Total  1,804 2,336,250,000 100.00
Distribution of shareholders by size of shareholding as at 31 December 2014
Country Number of shareholders Number of shares % Shareholding
1 - 5,000 473 1,115,104 0.05
5,001 - 10,000 255 1,727,672 0.07
10,001 - 25,000 398 6,150,119 0.26
25,001 - 50,000 181 6,873,628 0.29
50,001 - 100,000 123 8,488,077 0.36
100,001 - 200,000 136 16,564,295 0.71
200,001 - 500,000 158 46,589,957 1.99
500,001 - 1,000,000 40 28,151,844 1.21
1,000,001 and above 40 2,220,589,304 95.05
Total 1,804 2,336,250,000 100.00