Local deposit-taking investment bank, CDH Investment Bank (CDHIB), has been awarded the 2022 best investment bank in Malawi.
The accolade was given by the Global Banking and Finance Review Magazine, a leading online and print magazine in the United Kingdom.
CDH Investment Bank was recognised for its determination and strides in investment banking and advisory role that has contributed positively to economic growth.
The award comes at a time the bank is commemorating its tenth anniversary which was celebrated under the theme ‘Creating Value’.
Among other things, the bank has been supporting the government in managing national food security, providing pieces of advice on the formation of an additional sugar manufacturing company in Malawi and the creation of a national development fund.
CDHIB Deputy Chief Executive Officer and Executive Director Thoko Mkavea said the award is a testimony of the positive contribution the bank has made to the economy over the 10 years it has been operating in Malawi.
“We are honoured to have been recognised this year, as we celebrate 10 years of operations as an investment bank. Our founder’s dream when forming the investment bank in 2012 was to create a specialist financial institution that provides a blend of investment banking and, financial advisory services and wholesale commercial banking to selected clients. . We are proud of the many milestones we have achieved so far over the years,” Mkavea said.
He said this is the tenth time the bank has won the award, saying it is an illustration of the bank’s commitment and leadership in investment banking in Malawi.
CDH Investment Bank started its operations in April 2012, following a conversion from Continental Discount House Limited, which had operated in the financial sector for 14 years since August 1998.
The bank has grown through leaps and bounds and contributed positively to growth of many individuals, organisations and communities and ultimately the nation in the past decade.
CDH Investment Bank also emerged second runners-up for Labour Laws Compliance and third for Quality, Productivity and Innovation award at the 2022 Employer of the Year Awards that were organised by Employers Consultative Association of Malawi recently.