CDH Investment Bank

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 IncreaseAftertax: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]

CDH Investment Bank Stock Ownershi
Rank Name of OwnerPercentage Ownership
1Continental Holdings Limited of Malawi71.00
2Various local minorities Malawi29.00
Total100.00

Branches

As of June 2012, the bank maintains networked branches at the following locations:

  1. Main Branch - CDH House, 5 on Independence Drive, Blantyre
  2. Lilingwe Branch - City Mall, Mchinji Roundabout, Lilongwe

Subsidiaries

CDHIB maintains the following wholly owned subsidiaries:

See also

References

  1. ↑ Board of Directors At CDH Investment Bank
  2. ↑ List of Licensed Commercial Banks In Malawi
  3. ↑ Malawi's 12th Commercial Bank Opens Two Branches
  4. ↑ Group Structure of CDH Holdings Limited
  5. ↑ December 2010 Financial Statement
  6. ↑ Continental Discount House Founded In 1998
  7. ↑ CDH Rebranded To CDHIB In April 2012
  8. ↑ Shareholding In CDH Investment Bank

External links

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