Cavmont Bank Zambia's History and Evolution

Cavmont Bank Zambia's history dates back to 1995, when it was founded by Cavmont Bank Group.

The bank started as a small financial institution, but it has since grown to become one of the leading banks in Zambia.

Cavmont Bank Zambia offers a range of financial services, including savings accounts, loans, and investments.

The bank has a strong presence in Zambia, with branches and agencies located throughout the country.

Cavmont Bank was established on January 1, 2004, following a merger between Cavmont Merchant Bank Limited and New Capital Bank Plc. The bank's holding company, Cavmont Capital Holdings Zambia Plc (CCHZ), was incorporated in 1992.

Cavmont Bank is a 100% subsidiary of Cavmont Capital Holdings Zambia Plc (CCHZ). The investors in CCHZ include Capricorn Investment Holdings (CIH), which owns a 44.2% shareholding in CCHZ.

Here's a breakdown of the shareholding in Cavmont Bank:

Cavmont Bank was established on January 1, 2004, after a merger between Cavmont Merchant Bank Limited and New Capital Bank Plc.

This merger brought together two reputable financial institutions, creating a strong foundation for the bank's future growth.

Cavmont Bank's holding company, Cavmont Capital Holdings Zambia Plc, sought a strategic investment partner in 2006 and identified Capricorn Investment Holdings Limited.

In 2007, Capricorn Investment Holdings Limited acquired a 44.2% shareholding in Cavmont Capital Holdings Zambia Plc.

The bank's holding company, CCHZ, raised additional share capital of more than K15.4 billion in 2007 through a rights issue underwritten by CIH.

As of December 31, 2013, Cavmont Bank had met the equity shareholding and capital requirements for local banks.

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Cavmont Bank Limited is a 100 percent subsidiary of Cavmont Capital Holdings Zambia Plc. (CCHZ).

Cavmont Capital Holdings Zambia Plc. is listed on the Lusaka Stock Exchange (LUSE) under the symbol: CCHZ.

The investors in CCHZ, and therefore in CBL, include Capricorn Investment Holdings (CIH), a financial conglomerate with investment interests in three Southern African countries: Botswana, Namibia and Zambia.

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CIH owns controlling interests in Bank Gaborone in Botswana and Bank Windhoek in Namibia, in addition to its minority shareholding in Cavmont Capital Holdings Zambia Plc.

Here is a breakdown of the Cavmont Bank stock ownership:

Capricorn Investment Holdings acquired a 44.5% stake in Cavmont Capital Holdings Limited.

Cavmont Bank offers a range of services through its internet banking platform, ETHIX-Net, which allows customers to access their accounts and perform transactions from anywhere.

This platform provides a wide range of functions, including balance enquiries, transaction history, account transfer ability, and third-party payments.

Customers can access these services in multiple languages and currencies, making it a convenient option for those with diverse financial needs.

The bank's mobile payment platform, e-Cavmont, has also seen significant growth, with transaction volumes increasing from 3,000 to nearly 30,000 per month.

This platform has enabled customers to transact anywhere, anytime, and has allowed the bank to reach a wider customer base without incurring high operational expenses.

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Cavmont Bank has also rolled out ATMs across the country, with approximately 50 in place and recording around 100,000 transactions per month between 2014 and 2015.

ITS, the company behind ETHIX-Net, has a proven track record of integrating its finance solutions with existing core banking infrastructures, making it a reliable partner for banks looking to upgrade their services.

The ETHIX-Net platform forms part of a comprehensive technology suite that offers a unified and centralized view of the customer, allowing single-point access to all relationships forged with the bank.

Cavmont Bank has a significant international presence, with a strong focus on regional banking.

The bank has operations in several countries, including Zambia and Namibia.

Its international expansion has been driven by strategic partnerships and acquisitions, allowing the bank to tap into new markets and customer bases.

Cavmont Bank's international presence is supported by a robust network of correspondent banking relationships, enabling seamless cross-border transactions.

The bank's commitment to international banking has enabled it to provide a range of services to its clients, including trade finance and foreign exchange solutions.

Cavmont Bank's international presence has also enabled it to attract a diverse range of clients, including multinational corporations and small to medium-sized enterprises.

Cavmont Bank has its headquarters located at 2374 Thabo Mbeki Road in Lusaka, the capital city of Zambia. The geographical coordinates of the headquarters are 15°24'06.0"S, 28°19'20.0"E.

The bank's main branch is situated in the same location as the headquarters. You can find Cavmont House, the address of the main branch, at Piziya Office Park on 2374 Thabo Mbeki Road.

Cavmont Bank has a wide network of branches across various locations in Zambia. Some of the notable branches include the Makumbi Commercial Branch and the Lusaka Square Branch.

Here's a list of some of the bank's branches:

Cavmont Bank is a unique financial institution in many ways.

The bank has a strong presence in Zambia, with a large network of branches and ATMs across the country.

One of its unique aspects is the variety of financial products it offers, including personal loans, business loans, and savings accounts.

Cavmont Bank's customer-centric approach is another notable feature, with a dedicated customer service team available to assist with any queries or concerns.

The bank's commitment to innovation is evident in its use of digital banking services, allowing customers to manage their accounts and conduct transactions online.