CDH Investment Bank
 | |
| Private | |
| Industry | Financial Services |
| Founded | 1998 |
| Headquarters |
5th Floor, Unit House Victoria Avenue Blantyre, Malawi |
Key people |
Franklin Kennedy Chairman Misheck Esau Managing Director[1] |
| Products | Loans, Savings, Checking, Investments, Debit cards, Credit cards, Mortgages |
| Revenue |
 Aftertax:US$151,000 (MWK:40 million) (2010) |
| Total assets | US$40.5 million (MWK:10.7 billion) (2010) |
Number of employees | 65+ (2012) |
| Website | Homepage |
CDH Investment Bank, commonly referred to as CDHIB, is an investment bank in Malawi. It is one of the banks licensed by the Reserve Bank of Malawi, the national banking regulator.[2] The bank is the 12th bank to open in Malawi.[3] The bank, is a subsidiary of CDH Holdings Limited, which in turn is a subsidiary of TransAfrica Holdings Limited, a financial services group, headquartered in Mauritius.[4] Other companies in the CDH group include, CDH Asset Management Limited, CDH Commodities Limited, CDH Capital Limited and CDH Properties Limited.
Overview
CDHIB is a small, but growing financial services provider in Malawi. As of December 2010, the bank's total assets were valued at about US$40.5 million (MWK:13.7 billion), with shareholders' equity valued at approximately US$4.2 million (MWK:1.400 million).[5]
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, the largest city in the country and a second branch in Lilongwe, the capital of Malawi.[6][7]
Ownership
The shares of stock of CDH Investment Bank is privately owned by the following corporate entities:[8]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Continental Holdings Limited of Malawi | 71.00 |
| 2 | Various local minorities Malawi | 29.00 |
| Total | 100.00 | |
Branches
As of June 2012, the bank maintains networked branches at the following locations:
- Main Branch - CDH House, 5 on Independence Drive, Blantyre
- Lilingwe Branch - City Mall, Mchinji Roundabout, Lilongwe
Subsidiaries
CDHIB maintains the following wholly owned subsidiaries:
- CDH Forex Bureau Limited - Malawi
See also
References
- ↑ Board of Directors At CDH Investment Bank
- ↑ List of Licensed Commercial Banks In Malawi
- ↑ Malawi's 12th Commercial Bank Opens Two Branches
- ↑ Group Structure of CDH Holdings Limited
- ↑ December 2010 Financial Statement
- ↑ Continental Discount House Founded In 1998
- ↑ CDH Rebranded To CDHIB In April 2012
- ↑ Shareholding In CDH Investment Bank
External links
- Overview of Malawi's Banking Sector In 2012
- Website of CDH Investment Bank
- Website of Reserve Bank of Malawi