CDH Investment Bank (CDHIB), is an
investment bank
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing i ...
in
Malawi
Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeas ...
. It is licensed by the
Reserve Bank of Malawi, the
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central b ...
and national banking regulator.
Location
The headquarters and main branch of the bank are located at CDH House, 5 Independence Drive, in
Blantyre
Blantyre () is Malawi's centre of finance and commerce, and its second largest city, with an enumerated 800,264 inhabitants . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, L ...
, the financial and commercial capital of Malawi.
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).
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).
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
Blantyre () is Malawi's centre of finance and commerce, and its second largest city, with an enumerated 800,264 inhabitants . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, L ...
, the largest city in the country and a second branch in
Lilongwe, the capital of
Malawi
Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeas ...
.
Ownership
As of December 2018, the shares of
stock of CDH Investment Bank are privately owned by the following corporate entities:
Branches
, the bank maintained networked branches at the following locations:
# CDH Branch: CDH House, 5 Independence Drive,
Blantyre
Blantyre () is Malawi's centre of finance and commerce, and its second largest city, with an enumerated 800,264 inhabitants . It is sometimes referred to as the commercial and industrial capital of Malawi as opposed to the political capital, L ...
# Capital City Banking Centre: CDH Investment Bank Centre,
Lilongwe
# Lilongwe Banking Centre: City Mall Complex, Lilongwe
See also
*
List of banks in Malawi
*
Economy of Malawi
The economy of Malawi is $7.522 billion by gross domestic product as of 2019, and is predominantly agricultural, with about 80% of the population living in rural areas. The landlocked country in south central Africa ranks among the world's lea ...
*
Reserve Bank of Malawi
References
External links
Website of CDH Investment Bank
{{Authority control
Banks of Malawi
Banks established in 1998
Companies of Malawi
Economy of Malawi
1998 establishments in Malawi
Blantyre