Cavmont Bank
Encyclopedia
Cavmont Bank Limited, whose complete name is Cavmont Capital Bank Limited (CCBL), but which is commonly referred to as Cavmont Bank, is a commercial bank
in Zambia
. It is one of the eighteen (18) licensed commercial banks in the country, as of March 2011.
.
, Namibia
and Zambia
. 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. The stock of the holding company, CCHZ, is Listed on the Lusaka Stock Exchange
(LuSE), where it trades under the symbol: CCHZ. The shareholding in CCHZ and therefore in CCBL is depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Cavmont Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1.||Capricorn Investment Holdings||44.5
|-
|2.||Oakley Enterprises ||
|-
|3.||Netherlands Development Finance Company (FMO) ||
|-
|4.||Zambia National Pension Scheme Authority ||
|-
|5.||Paul Cave (an Individual)||
|-
|6.|| Others||
|-
| ||Total||100||
|-
|}
Zambia
Namibia
Botswana
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
. It is one of the eighteen (18) licensed commercial banks in the country, as of March 2011.
Overview
CCBL provides an array of banking services including in the areas of community banking, retail banking, investment, merchant and corporate banking. , the bank was a retail bank with total assets valued at approximately US$36 million (ZMK:172.5 billion). The bank employed 145 people in 2008.History
The Bank was established in 2004, when Cavmont Merchant Bank Limited and New Capital Bank Plc., both of which had been established in 1992, merged to form one universal bankUniversal bank
A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank.The concept is most relevant in the United Kingdom and the United States, where historically there was a distinction drawn between pure investment banks and commercial banks. In...
.
Ownership
CCBL is a 100% subsidiary of Cavmont Capital Holdings Zambia Plc. (CCHZ). The investors in CCHZ, and therefore in CCBL, include Capricorn Investment Holdings (CIH), a financial conglomerate with investment interests in three Southern African countries: BotswanaBotswana
Botswana, officially the Republic of Botswana , is a landlocked country located in Southern Africa. The citizens are referred to as "Batswana" . Formerly the British protectorate of Bechuanaland, Botswana adopted its new name after becoming independent within the Commonwealth on 30 September 1966...
, Namibia
Namibia
Namibia, officially the Republic of Namibia , is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the south and east. It gained independence from South Africa on 21 March...
and Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
. CIH owns controlling interests in Bank Gaborone
Bank Gaborone
Bank Gaborone Limited, commonly known as Bank Gaborone, is a commercial bank in Botswana.-History:The Bank of Botswana issued a license to Bank Gaborone Limited to commence with its full retail banking business on February 1, 2006. Bank Gaborone opened their first branch on Pilane Road, Gaborone...
in Botswana and Bank Windhoek
Bank Windhoek
Bank Windhoek Limited, commonly referred to as Bank Windhoek, is a commercial bank in Namibia. It is one of the five commercial banks licensed to operate in the country by the Bank of Namibia, the national banking regulator.-Overview:...
in Namibia, in addition to its minority shareholding in Cavmont Capital Holdings Zambia Plc. The stock of the holding company, CCHZ, is Listed on the Lusaka Stock Exchange
Lusaka Stock Exchange
The Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.Background...
(LuSE), where it trades under the symbol: CCHZ. The shareholding in CCHZ and therefore in CCBL is depicted in the table below:
{| style="font-size:100%;"
|-
| width="100%" align="center" | Cavmont Bank Stock Ownership
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1.||Capricorn Investment Holdings||44.5
|-
|2.||Oakley Enterprises ||
|-
|3.||Netherlands Development Finance Company (FMO) ||
|-
|4.||Zambia National Pension Scheme Authority ||
|-
|5.||Paul Cave (an Individual)||
|-
|6.|| Others||
|-
| ||Total||100||
|-
|}
Branch Network
, Cavmont Bank maintains a main office and a network of thirteen (13) branches at the following locations:- Main Office - Anchor House, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Garden Branch - LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Lusaka Square Branch - Sapele Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Kalingalinga Branch - Kamloops Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Tazara House Branch - Tazara House, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Chipata Branch - Lunkwakwa Road, ChipataChipataChipata, population 98,416, is the capital of the Eastern Province of Zambia. The two languages spoken are Nyanja and English, though you might find some Indian languages, as there is a large number of Zambian Indians located in the town...
- Mansa Branch - MansaMansaMansa is a Mandinka word meaning "king of kings". It is particularly associated with the Keita Dynasty of the Mali Empire, which dominated West Africa from the thirteenth to the fifthteenth century...
- Kasama Branch - Independence Road, KasamaKasamaThe toponym Kasama may refer to:* Kasama, Ibaraki , Japan* Kasama, Zambia* Kasama Project- See also :Related toponym:* Kazama * Kazami* Kazemi* Hazama...
- Mbala Branch - Mbala
- Mpulungu Branch - MpulunguMpulunguMpulungu is a town in the Northern Province of Zambia, at the southern tip of Lake Tanganyika.From Mpulungu, boats reach DR Congo, Tanzania and Burundi...
- Solwezi Branch - Chingola-Solwezi Road, SolweziSolweziSolwezi is the capital of the North Western Province of Zambia. Solwezi has approximately 65,000 inhabitants at an elevation of 1235 m above sea level...
- Ndola Branch - President Avenue, NdolaNdolaNdola is the third largest city in Zambia, with a population of 495,000 . It is the industrial, commercial, on the Copperbelt, Zambia's copper-mining region, and capital of Copperbelt Province. It is also the commercial capital city of Zambia and has one of the three international airports, others...
- Kitwe Branch - Ebenezer Center, KitweKitweKitwe is the second largest city in terms of size and population in Zambia. With a population of 547,700 Kitwe is one of the most developed commercial and industrial areas in the nation, alongside Ndola and Lusaka...
- Chingola Branch - Kitwe Road, ChingolaChingolaChingola is a city in Zambia's Copperbelt Province, the country's copper-mining region, with a population of 157,340 . It is the home of Nchanga Copper Mine, a deep-shaft high-grade content copper mining operation, which subsequently led to the development of two open pit operations, Chingola...
The Capricorn Group
Cavmont Capital Bank is a member of the Capricorn Group of Companies under the umbrella of the parent company Capricorn Investment Holdings, a amibia]n based investment conglomerate. The Group has investment interests in southern Africa, as outlined in the graphic below:Zambia
- Cavmont Capital Holdings Zambia Plc. - 44.5% Shareholding
- Cavmont Capital Bank - 44.5% Shareholding
Namibia
- Bank Windhoek Holdings Limited - 73% Shareholding
- Bank Windhoek LimitedBank WindhoekBank Windhoek Limited, commonly referred to as Bank Windhoek, is a commercial bank in Namibia. It is one of the five commercial banks licensed to operate in the country by the Bank of Namibia, the national banking regulator.-Overview:...
- 73% Shareholding - BW finance Limited - 73% Shareholding
- Welwitschia Nammic Insurance Brokers Limited - 56.7% Shareholding
- Namib Bou Limited - 73% Shareholding
- Santam Namibia Limited - 18.3%Shareholding
- Sanlam Namibia Holdings Limited - 21.5% Shareholding
- Nammic Financial Services Holdings - 100% Shareholding
- GH Group Employee Share Trust - 16.4% Shareholding
Botswana
- Capricorn Investment Holdings (Botswana) Limited - 94.9% Shareholding
- Bank Gaborone LimitedBank GaboroneBank Gaborone Limited, commonly known as Bank Gaborone, is a commercial bank in Botswana.-History:The Bank of Botswana issued a license to Bank Gaborone Limited to commence with its full retail banking business on February 1, 2006. Bank Gaborone opened their first branch on Pilane Road, Gaborone...
- 94.9% Shareholding - Ellwood Insurance Brokers limited - 94.9% Shareholding
- SmartSwitch Botswana Limited - 47.5% Shareholding
- Capricorn Asset Management Limited - 75.2% Shareholding
- Capricorn Capital Limited - 100% Shareholding
- Cyan ES Limited - 100% Shareholding
Directors
There eight members on the Board of Directors of Cavmont Bank:- Willa Mun'gomba - Chairman
- Koos Brandt - Vice Chairman
- Paul A. D. Cave - Director
- Chitupa Muzariri - Director
- Thomas F. Ryan - Director
- Johan Swanepoel - Director
- Charity C. Mwansa - Company SecretaryCompany secretaryA company secretary is a senior position in a private company or public organisation, normally in the form of a managerial position or above. In the United States it is known as a corporate secretary....
- Johan Minnaar - Managing Director
Management team
The Managing Director of CCBL is Johan Minnaar. He is assisted by twelve (12) other managers in supervising the day-to-day activities of the bank.See also
- Economy of ZambiaEconomy of ZambiaZambia is one of Sub-Saharan Africa's most highly urbanized countries. About one-half of the country's 11.5 million people are concentrated in a few urban zones strung along the major transportation corridors, while rural areas are under-populated. Unemployment and underemployment are serious...
- List of banks in Zambia
- Bank GaboroneBank GaboroneBank Gaborone Limited, commonly known as Bank Gaborone, is a commercial bank in Botswana.-History:The Bank of Botswana issued a license to Bank Gaborone Limited to commence with its full retail banking business on February 1, 2006. Bank Gaborone opened their first branch on Pilane Road, Gaborone...
- Bank WindhoekBank WindhoekBank Windhoek Limited, commonly referred to as Bank Windhoek, is a commercial bank in Namibia. It is one of the five commercial banks licensed to operate in the country by the Bank of Namibia, the national banking regulator.-Overview:...