industry financial services founded 2004 headquarters plot 2374 thabo mbeki road lusaka zambia key people guy phiri chairman charles b carey chief executive officer 1 chilunga puta dunham head communications and customer services products loans checking savings foreign & local currency investments debit cards online banking & epayments atms revenue aftertax us 2.57 million zmk 12.84 billion 2011 total assets us 64 million zmk 319.5 billion 2011 number of employees 247 2014 q2 website homepage cavmont bank limited is a registered commercial bank in zambia . it is one of the commercial banks in the country licensed by the bank of zambia the national banking regulator . 2 contents 1 overview 2 history 3 ownership 4 branch network 5 the capricorn group 6 governance 7 see also 8 references 9 external links overview edit cbl provides an array of banking services including in the areas of community banking retail banking investment and corporate banking . as of december 2011 update the bank was a retail bank with total assets valued at approximately us 64 million zmk 319.5 billion with shareholders equity of approximately us 2.7 million zmk 13.6 billion . 3 the bank employs a total of 247 professionals as of q2 2014 . history edit cavmont bank ltd cbl is a registered commercial bank in zambia with more than 50 000 clients and 247 employees . the bank was established on 1 january 2004 following a merger between cavmont merchant bank ltd inc. october 1992 and new capital bank plc. inc. june 1992 . in 2006 the bank s holding company cavmont capital holdings zambia plc cchz sought a strategic investment partner and identified capricorn investment holdings limited cih . cih acquired a 44.2 % shareholding in cchz in 2007 . discussions held with the bank of zambia to find an acceptable manner to recapitalize cavmont bank through a rights issue by cchz were concluded successfully with cih underwriting the rights issue . consequently cchz raised additional share capital of more than k15 .4 billion in 2007 and the repositioning of cavmont bank commenced . 4 cavmont bank limited shareholders support a capital plan for a local bank . cavmont bank is a fully capitalised zambian financial services institution with 19 branches nationwide and over 22 years of banking experience whose shareholders fully support its capital plan . the bank of zambia revised capitalisation requirements for local banks and foreign banks and it is in light of this that the holding company has warehoused 51 % shares in makumbi investments limited a special purpose vehicle earmarked for forward offer to local investors . as of 31 december 2013 the bank has met the equity shareholding and capital requirements for local banks . ownership edit cbl is a 100 % subsidiary of cavmont capital holdings zambia plc. 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 . 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 cbl is depicted in the table below 5 cavmont bank stock ownership rank name of owner percentage ownership 1 . makumbi investments limited 51.0 2 . capricorn investment holdings 44.2 3 . cavmont and company sa 4 . netherlands development finance company fmo 5 . zambia national pensions scheme authority napsa 6 . white barry howard 7 . 319 others 3.0 total 100 branch network edit as of january 2014 update cavmont bank maintains a network of eighteen branches at the following locations 6 lusaka branches head office 2374 piziya office park thabo mbeki road lusaka garden branch 39 katima mulilo road lusaka lusaka square branch anchor house sapele road lusaka kalingalinga branch b4 29 146 kamloops road lusaka tazara house branch ground floor tazara house independence avenue at dedan kimathi street lusaka makumbi commercial branch piziya office park thabo mbeki road lusaka eastern province branches chipata branch 4769 lunkwakwa road chipata mansa branch 335 president road at chitimukulu road mansa mwense branch office number 5 community development block mwense northern province kasama branch shoprite centre independence road kasama 7 mbala branch independence avenue p.o. box 420138 mbala mpulungu branch harbour road mpulungu copperbelt province ndola branch shop number 7 93 z mart mall president avenue ndola kitwe branch 33 ebenezer center kitwe kitwe agency 1306 chibuluma road industrial area kitwe chingola branch zra building 11 kitwe road chingola chililabombwe 151 buntungwa road industrial area chililabombwe north western province solwezi branch chingola solwezi road solwezi mufumbwe branch 1 mutanda chavuma road mufumbwe the capricorn group edit cavmont bank is a member of the capricorn group of companies under the umbrella of the parent company capricorn investment holdings a namibia based investment conglomerate . 8 the group has investment interests in southern africa as outlined in the graphic below zambia cavmont capital holdings zambia plc. 44.5 % shareholding cavmont bank 44.5 % shareholding namibia bank windhoek holdings limited 73 % shareholding bank windhoek limited 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 limited 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 governance edit there are six members on the board of directors of cavmont bank 9 guy d.z. phiri chairman thinus prinsool vice chairman chitupa muzariri director johan swanepoel director joseph ngosa director charles h de b carey managing director see also edit zambia economy zambia banks bank gaborone bank windhoek bank of zambia references edit lvc . 21 october 2014 . cavmont bank to spend k150 million on smes . lusakavoice.com lvc . retrieved 23 october 2014 . boz . list of licensed commercial banks in zambia . bank of zambia boz . retrieved 23 october 2014 . cb . march 2012 . 31 december 2011 audited financial report pdf . cavmont bank cb . retrieved 23 october 2014 . weildlich brigitte 15 january 2009 . capricorn did not buy zambian bank . the namibian windhoek . retrieved 23 october 2014 . cb . cavmont bank company profile . cavmont bank cb . retrieved 23 october 2014 . cb . cavmont bank contact details branch network . cavmont bank cb . retrieved 24 october 2014 . saluseki bivan 20 march 2006 . zambia cavmont capital bank opens outlet in kasama . the post zambia via allafrica.com . retrieved 24 october 2014 . katswara tonderai 9 november 2006 . namibia bank windhoek becomes 100 percent namibian . the namibian windhoek . retrieved 24 october 2014 . cb . cavmont bank board of directors . cavmont bank cb . retrieved 24 october 2014 . external links edit capricorn investment holdings acquires 44.5 % stake in cavmont capital holdings limited zambia cavmont deposits soar to k348 million us 56 million retrieved from https en.wikipedia.org w index.php title cavmont bank & oldid 691103262 categories banks of zambiacompanies of zambiaeconomy of zambialusakahidden categories articles containing potentially dated statements from december 2011all articles containing potentially dated 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