FDH Financial Holdings has declared an after-tax profit of K7.8 bn as of December 2018.

Considering that the prior year’s profit was 94.6 million, the rapid profit boom has been attributed to the firm’s subsidiary, FDH Bank, which registered a profit of K5.965 million in 2018.

According to a released statement, the profit boost was also attributed to the firm’s investment in digital products and other distribution channels to focus on improving customer experience as well as diversifying sources of non-interest income.