accuracy is disputed . please help to ensure that disputed statements are reliably sourced . may 2015 learn how and when to remove this template message for the northern cyprus bank see first merchant bank northern cyprus . first merchant bank type public mal fmb industry banking founded 1995 headquarters livingstone towers glyn jones road blantyre malawi key people hitesh n. anadkat chairman dheeraj dikshit managing director products loans savings checking investments debit cards credit cards mortgages net income aftertax us 15 million 2013 total assets us 300 million number of employees 1000 slogan your friendly bank website homepage first merchant bank limited commonly known as first merchant bank fmb is a commercial bank in malawi . it is one of the eleven 11 commercial banks licensed by the reserve bank of malawi the national banking regulator . 1 contents 1 history 2 overview 3 first merchant bank group 4 ownership 5 branches 6 see also 7 references 8 external links history edit fmb was founded in 1995 as a joint partnership between the anadkat family and prime bank of kenya . it became malawi s first private bank and was granted the third ever banking licence in malawi . with focus on malawi s corporate market and with a large emphasis on service and customer relationships fmb had a successful start and began to show profits after only two years of trading . in the year 2000 fmb wholly acquired the leasing and finance company . in 2008 fmb led a consortium that was granted a banking licence in botswana where a subsidiary of fmb capital bank trades . the bank further expanded in 2013 with the acquisition of the international commercial bank s businesses in malawi zambia and mozambique . fmb underwent a major transformation in 2010 when it geared toward the retail end of the market with hopes of expansion . during this period fmb was able to revolutionise banking in malawi with the introduction of various financial services such as mobile banking and fast accounts . during this period the bank also underwent a face change when it altered its logo and colours to attract a more retail clientele . the bank listed on malawi s stock exchange in 2009 when almost 10 % of its net shares were offered in the ipo . it now employs almost 1000 people across nearly 40 branches and agencies around malawi . fmb is widely regarded to be malawi s third largest bank of the 11 in operation and has an estimated 11 % of market share . overview edit the bank is a medium sized financial services provider in malawi . it offers retail banking services to individuals and corporate clients . as of december 2009 update the bank s asset base was valued at approximately us 141 million with shareholders equity of approximately us 38 million . 2 the stock of the bank is listed on the malawi stock exchange where it trades under the symbol fmb . 3 first merchant bank group edit fmb owns either wholly or in part five subsidiary companies which together with the bank form the first merchant bank group fmb group . the group is a mid sized financial services conglomerate serving communities in malawi botswana zambia and mozambique . as of december 2009 update the group s total assets exceeded us 300 million with capital equity in excess of us 43 million . group after tax profits in 2013 exceeded us 15 million . 4 member companies of the fmb group include the following first merchant bank blantyre malawi the flagship of the group . its stock trades on the malawi stock exchange . capital bank gaborone botswana fmb maintains 51 % shareholding leasing and finance company of malawi limited blantyre malawi fmb maintains 100 % shareholding fmb forex bureau limited limbe malawi fmb maintains 100 % shareholding first capital bank limited lusaka zambia fmb maintains 62 % shareholding capital bank limited maputo mozambique fmb maintains 70 % shareholding ownership edit the shareholders in the stock of first merchant bank include four 4 corporate entities and the general public . the detailed shareholding in the bank is outlined in the table below 5 shareholding in first merchant bank rank shareholder percentage ownership 1 magni holdings limited 32.80 2 prime capital and credit limited 11.24 3 prime bank kenya 11.24 5 general public 44.72 total 100.0 branches edit as of october 2010 update the bank maintains branches at the following locations 6 main branch first house glyn jones road blantyre lilongwe branch old kandodo building kamuzu procession road lilongwe mzuzu branch fmb building orton chirwa avenue mzuzu limbe branch churchill road limbe capital city branch chief m belwa house robert mugabe crescent lilongwe zomba branch kamuzu highway zomba corporate services branch livingstone towers glyn jones road blantyre chichiri branch chichiri shopping mall kamuzu highway blantyre crossroads branch crossroads lilongwe dwangwa branch illovo sugar company dwangwa kanengo branch kanengo auction floors lilongwe limbe auction floors branch limbe karonga branch karonga mangochi branch mangochi kasungu branch kasungu mponela branch mponela dedza branch dedza mchinji branch mchinji liwonde branch liwonde mzimba branch mzimba see also edit list of banks in malawi economy of malawi reserve bank of malawi references edit list of licensed commercial banks in malawi december 2009 financial statement first merchant bank stock is listed on malawi stock exchange financial statement december 2009 firs merchant bank 2015 annual report . fmb . 31 december 2015 . retrieved 16 september 2016 . branches of fmb external links edit website of first merchant bank website of reserve bank of malawi company profile at google finance retrieved from https en.wikipedia.org w index.php title first merchant bank & oldid 739717791 categories banks of malawicompanies listed on malawi stock exchangehidden categories accuracy disputes from may 2015all accuracy disputesarticles containing potentially dated statements from december 2009all articles containing 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