By Burnett Munthali
First Capital Bank is celebrating a major milestone as it marks 30 years of operation, having grown its financial assets from just $1 million in 1995 to $1.7 billion—approximately MWK 3 trillion in today’s value.
The announcement was made during a special anniversary event held in Lilongwe.
Speaking at the celebration, the bank’s founder Hitesh Anadkat described the institution’s remarkable growth as a reflection of “belief, resilience, and determination.”
He credited the bank’s sustained success to a dedicated team and the long-standing confidence of its clients over the past three decades.
President Dr. Lazarus Chakwera, who addressed the gathering virtually, praised First Capital Bank for its significant role in Malawi’s financial development.
He called on the bank to take a leading role in realizing Malawi 2063, with a focus on empowering small and medium enterprises (SMEs) to accelerate inclusive economic transformation.
As one of Malawi’s most prominent financial institutions, First Capital Bank’s journey underscores the potential of homegrown businesses to drive national progress.
Its 30-year legacy sets a powerful benchmark for corporate responsibility, economic impact, and forward-looking leadership in the banking sector.
