| Type | Public: ZSE: INTERFIN |
|---|---|
| Industry | Financial Services |
| Founded | 2006 |
| Headquarters | Harare, Zimbabwe |
| Products | Loans, Savings, Checking, Investments, Debit Cards, Credit Cards, Mortgages |
| Website | www.cfxbank.co.zw |
CFX Bank, whose full name is CFX Bank Limited, a commercial bank in Zimbabwe. It is one of seventeen licensed commercial banks in the country.[1]
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The bank was founded in 2006, as a 100% subsidiary of CFX Financial Services Limited, its holding company, whose shares trade on the Zimbabwe Stock Exchange. The bank has two (2) affiliated companies: (a) CFX Asset Management and (b) CFX Merchant Bank, both of which are also 100% owned by the holding company.[2] In 2009, as a result of changes in Zimbabwean banking laws, Interfin Holdings Limited, acquired a controlling interest in CFX Financial Services. Subsequently, the holding company was re-named Interfin Financial Services Limited, to reflect the new ownership. The trading symbol for the new bank holding company is: INTERFIN.[3] The Government of Zimbabwe has given formal approval of the takeover of CFX Bank by Interfin.[4] The Reserve Bank of Zimbabwe has also signaled its approval of the merger of the two institutions.[5]
CFX Bank is a publicly traded company. The shares of stock of its holding company, Interfin Financial Services Limited are listed on the Zimbabwe Stock Exchange, where they trade under the symbol: INTERFIN.[6] An ownership dispute exists, with the former director of ENG Capital Group claiming that assets were illegally acquired by CFX Bank[7]
The five largest shareholders of record in INTERFIN and thus CFX Bank are:[8]
| Rank | Name of owner | Percentage ownership |
|---|---|---|
| 1 | Interfin Holdings Limited | 32.41 |
| 2 | Savanna Tobacco Limited | 19.10 |
| 3 | National Social Security Authority of Zimbabwe | 17.31 |
| 4 | Msasa Nominees (Pty) Limited | 06.00 |
| 5 | AFS | 04.99 |
| 6 | Others | 20.19 |
| Total | 100.00 |