Zambian commercial bank Cavmont Capital has announced the appointment of Christiaan Petrus De Vries to its effective 5th November 2019, according to a statement from the bank. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Cavmont Capital Holdings Zambia Plc (“the Board”) (“CCHZ” or “the Company”) wishes to […]
Cavmont Capital Holdings Zambia Plc has reported a set of results which show an improvement compared to the prior year with a significantly reduced loss before tax compared to the previous period, according to a statement from the Company. “The Group reported a loss before tax of K16.6m for the year ended 30 June 2019 […]
About the Company The Bank was established on 1 January 2004, following a merger between Cavmont Merchant Bank Limited (incorporated in October 1992), and New Capital Bank Plc., (incorporated in 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 […
Investors in Cavmont Capital will be grappling with the Trading announcement from the company that is forecasting earnings per share to be about 5655% lower as compared to that for the six month period to 31 December 2017. The movement in profitability is attributed to increased impairment charges and operating expenses, according to a statement […]
Financial Insight has enjoyed great relationships with a number of Zambia’s elite company’s CEOs. It is through those interactions that its founder has been able to get insight into the mindset of the management team as well as decode the type of leadership that firm possess. That is why it came as a bit of […]
It is always a delight when we see a CEO grabbing the ‘bull by its horns’ and taking charge when their product enters a new market or their firm delivers a new product. We have seen the likes of Elon Musk show case the Tesla by driving it on stage or Tim Cook playfully demonstrate […]
Charles Carey is a Managing Director who has every reason to be proud. Why? Well, the numbers 23, 24 and 12 resonate with him and his team as they ended their financial year (which oddly enough seems to be the lone wolf of LuSE as they are the only listed company who report the end […]
The Lusaka Securities Exchange has 4 listed banks on its books. The banks are Cavmont Bank, Standard Chartered, Invest Trust and ZANACO. TFHZPC takes special care when analyzing banks due to the complexities of how these firms create value. Unlike other premier companies that are in the business of creating products or dominating a value […]
It’s tough for the smaller players in the banking industry in Zambia. Cavmont Bank has bared the brunt of competitive forces in the industry. In the 2014 to 2015 period, the customer lost 15% of its customer accounts in a zero sum that saw its competitors scoop them up. However, at the same time, it […]
Banking
