Cavmont financial institution Ltd (CBL) is a Registered commercial financial institution in Zambia with more than 50,000 clients and 240 employees. The bank was set up on 1 January 2004, following a merger between Cavmont merchant bank Ltd, (inc. October 1992), and New Capital bank percent., (inc. June 1992). In 2006 the financial institution's retaining employer, Cavmont Capital Holdings Zambia percent (CCHZ), sought a strategic investment companion and identified Capricorn funding Holdings constrained (CIH). CIH obtained a forty four.2% shareholding in CCHZ in 2007. Discussions held with the bank of Zambia to discover a suitable manner to recapitalize Cavmont bank via a rights difficulty by using CCHZ have been concluded successfully, with CIH underwriting the rights problem. Consequently, CCHZ raised extra percentage capital of extra than K15.4 billion in 2007 and the repositioning of Cavmont financial institution started.
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