CDH Investment Bank

Updated on Dec 30, 2023

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Industry Financial Services Number of employees 65		Founded 1998 Type of business Private

Headquarters 5th Floor, Unit House Victoria Avenue Blantyre, Malawi Key people Franklin Kennedy Chairman Misheck Esau Managing Director 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)

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. The bank is the 12th bank to open in Malawi. 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. 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).

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.