CDH Investment Bank

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]

CDH Investment Bank
TypePrivate
IndustryBanking
Founded1998 (1998)
HeadquartersBlantyre, Malawi
Key people
Franklin Kennedy
Chairman
Misheck Esau
Managing Director[1]
ProductsLoans, Savings, Transaction accounts, Investments, Debit cards, Credit cards, Mortgages
RevenueAftertax:MWK:965.64 million (US$1.34 million) (2018)[2]
Total assetsMWK:86.53 billion (US$120 million) (2016)[2]
Number of employees
65+ (2012)
WebsiteHomepage

Location

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

CDHIB is a medium-sized financial services provider in Malawi. As of December 2018, the bank's total assets were valued at MWK:86,533,050,000 (US$120 million), with shareholders' equity of MWK:4.29 billion (US$6 million).[2]

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]

Ownership

As of December 2018, the shares of stock of CDH Investment Bank are privately owned by the following corporate entities:[2]

CDH Investment Bank Stock Ownership
RankName of OwnerPercentage Ownership
1Continental Holdings Limited of Malawi74.45
2Investments Alliance Limited12.65
3Kesaart Capital Limited7.61
4Unity Investments Limited2.81
5Savannah Investments Limited2.48
Total100.00

Branches

As of December 2018, the bank maintained networked branches at the following locations:[2]

  1. CDH Branch: CDH House, 5 Independence Drive, Blantyre
  2. Capital City Banking Centre: CDH Investment Bank Centre, Lilongwe
  3. Lilongwe Banking Centre: City Mall Complex, Lilongwe
  4. Umodzi Park Agency, Capital City, Lilongwe.

See also

References
  1. CDH Investment Bank (28 April 2018). "The Board of Directors of CDH Investment Bank". Blantyre: CDH Investment Bank. Retrieved 28 April 2018.
  2. CDH Investment Bank (29 March 2019). "CDH Investment Bank: Annual Report and Financial Statements for the Year Ended 31 December 2018". Blantyre: CDH Investment Bank. Retrieved 12 April 2020.
  3. Reserve Bank of Malawi (28 April 2018). "List of Banks & Other Financial Institutions Supervised by the Reserve Bank of Malawi". Lilongwe: Reserve Bank of Malawi. Retrieved 28 April 2018.
  4. CDH Investment Bank (29 April 2018). "The Headquarters of CDH Investment Bank, Blantyre, Malawi". Blantyre: CDH Investment Bank. Retrieved 29 April 2018.
  5. Google (29 April 2018). "Location of the headquarters of CDH Investment Bank, BBlantyre, Malawi" (Map). Google Maps. Google. Retrieved 29 April 2018.
  6. Face of Malawi (18 April 2012). "Banks' profits raise eyebrows". FaceofMalawi.com. Retrieved 29 April 2018.
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