OFDH Bank, a financial institution based in Malawi, has obtained authorization from the authorities to change the name of Ecobank Mozambique, which will operate under the name FDH Bank Mozambique from February 20, 2026. The decision marks the culmination of the bank’s acquisition process, which began in September last year, according to Lusa.
In a statement issued on Monday (9), FDH Bank confirmed that it had received all the necessary regulatory approvals, emphasizing that the change “reflects our growth and renewed focus on providing excellent services to our customers and all stakeholders.” The group assures that the change will be exclusively nominal and that contracts, services, and operational structure will remain unchanged.
The new institutional identity will begin to be applied progressively in all the bank’s materials and channels, including checkbooks, transaction forms, digital platforms, signage in branches, emails, and other communications.
The operation, completed at the end of September 2025, gave FDH Bank a controlling position in Ecobank Mozambique, with a 98.87% stake in the institution’s capital. The remaining 1.13% stake remains under the management of the Fund for the Promotion of Housing, a Mozambican public entity.
The transition process also includes a rebranding, with the aim of ensuring continuity, stability, and strengthening trust among customers, employees, and partners. The Malawian group considers this acquisition to be a “significant milestone” in its regional expansion strategy, focusing on revenue diversification, operational synergies, and long-term value creation.
Ecobank, present in Mozambique since 2000 under the name Novo Banco, adopted its current name in 2014, following the pan-African group’s entry into the institution’s capital. The intention to divest its stake in Mozambique was announced in August 2025 and was classified as a strategic reorientation by the group’s then executive director, Jeremy Awor.
Despite its direct exit from the Mozambican market, the Ecobank group reiterated its commitment to pan-African financial integration and the economic development of the continent. Currently, 15 commercial banks, 12 microbanks, credit unions, and other entities of the national financial system operate in the country.
