CDH Investment Bank
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| Company type | Private |
|---|---|
| Industry | Banking |
| Founded | 1998 |
| Headquarters | Blantyre, Malawi |
Key people | Franklin Kennedy Chairman Thoko Mkavea Chief Executive Officer/Managing Director [1] |
| Services | Investment banking, Loans, Savings, Transaction accounts, Investments, Debit cards, Credit cards, Mortgages |
| Revenue | |
| Total assets | MW:154 billion (US$192 million) (2021)[2] |
Number of employees | 98+ (2021) |
| Website | Homepage |
CDH Investment Bank (CDHIB), is an investment bank in Malawi. It is licensed by the Reserve Bank of Malawi, the central bank and national banking regulator.[3]
The headquarters and main branch of the bank are located at CDH House, 5 Independence Drive, in Blantyre, the financial and commercial capital of Malawi.[4] The geographical coordinates of the headquarters of CDH Investment Bank are 15°47'19.0"S, 35°00'13.0"E (Latitude:-15.788611; Longitude:35.003611).[5]
Overview
History
CDHIB was founded in 1998 as Continental Discount House Limited (CDH), which has operated in the financial sector since August that year. In May 2011, CDH was granted a banking license by the Reserve Bank of Malawi. The institution dropped the discount house license it previously held, but continues to offer almost all services it used to under the discount house licence, like trading financial instruments and corporate financial advisory. It then rebranded to CDH Investment Bank. In April 2012, CDHIB commenced commercial and investment banking business by opening its main branch in Blantyre, and a second branch in Lilongwe, the capital of Malawi.[6]
Ownership
As of December 2018, the shares of stock of CDH Investment Bank are privately owned by the following corporate entities:[2]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Continental Holdings Limited of Malawi | 82.46 |
| 2 | Investments Alliance Limited | 10.17 |
| 3 | Kesaart Capital Limited | 4.84 |
| 4 | Savannah Investments Limited | 2.52 |
| Total | 100.00 | |