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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.[2]

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.[3] 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).[4]

Overview

CDHIB is a medium-sized financial services provider in Malawi. , the bank's total assets were valued at MWK:154,005,233,000 (US$192 million), with shareholders' equity of MWK:15.995 billion (US$19.87 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, 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:[5]

Branches

, the bank maintained networked branches at the following locations:[5]

  • 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

See also

External links

References

  1. CDH Investment Bank. The Board of Directors of CDH Investment Bank CDH Investment Bank, 28 April 2018, retrieved 28 April 2018^
  2. Reserve Bank of Malawi. List of Banks & Other Financial Institutions Supervised by the Reserve Bank of Malawi Reserve Bank of Malawi, 28 April 2018, retrieved 28 April 2018^
  3. CDH Investment Bank. The Headquarters of CDH Investment Bank, Blantyre, Malawi CDH Investment Bank, 29 April 2018, retrieved 29 April 2018^
  4. {{google maps|accessdate=29 April 2018 |title=Location of the headquarters of CDH Investment Bank, BBlantyre, Malawi | url=https://www.google.com/maps/place/15%C2%B047'19.0%22S+35%C2%B000'13.0%22E/@-15.7886111,35.0014278,434m/data=!3m2!1e3!4b1!4m5!3m4!1s0x0:0x0!8m2!3d-15.7886111!4d35.0036111}}^
  5. CDH Investment Bank. CDH Investment Bank: Annual Report and Financial Statements for the Year Ended 31 December 2018 CDH Investment Bank, 29 March 2019, retrieved 12 April 2020^
  6. Face of Malawi. Banks’ profits raise eyebrows FaceofMalawi.com, 18 April 2012, retrieved 29 April 2018^