Cavmont Bank

[7] 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 re-positioning of Cavmont Bank commenced.

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.

The shareholding in CCHZ and therefore in CBL is depicted in the table below:[10] As of May 2018, Cavmont Bank maintained a network of branches at the locations:[11]

[12] The Group has investment interests in southern Africa, as outlined in the graphic below: There are six members on the Board of Directors of Cavmont Bank:[1]