Cavmont Bank Ltd

Cavmont Bank Ltd  is a medium-sized commercial bank in Zambia with 12,400 clients and 145 employees. The bank was incorporated on 1 January 2004, representing 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 positively, with CIH underwriting the rights issue. Consequently, CCHZ raised additional share capital of more than K15.4 billion in 2006 and the repositioning of Cavmont Bank commenced.

Cavmont Bank has 15 branches located in Lusaka (5), Chingola, Ndola, Kitwe, Mbala, Mpulungu, Solwezi, Chipata, Kasama, Mansa and Mufumbwe.

Vision and Mission

Cavmont Bank’s vision is to build a world-class Zambian bank focused on Zambia and supporting Zambian businesses and the Zambian community at large.  Their ethos is to be a people’s bank offering personalised service with a quick turnaround.  Moreover, the banks vision is to consistently tailor products and services to the specific needs of chosen customers; ensure appropriateness, variety and cost effective affordable products and services; delight in providing unparalleled first-class customer service; reposition and rebuild its brand to stand out as a symbol of accessible, convenient and reliable banking.

Products and Services

Cavmont Bank provides corporate, investment, retail banking and community banking services.

Financial Results