The bank was founded in 2006, as a 100% subsidiary of CFX Financial Services Limited, its holding company, whose shares trade on the Zimbabwe Stock Exchange. The bank has two (2) affiliated companies: (a) CFX Asset Management and (b) CFX Merchant Bank, both of which are also 100% owned by the holding company.[2] In 2009, as a result of changes in Zimbabwean banking laws, Interfin Holdings Limited, acquired a controlling interest in CFX Financial Services. Subsequently, the holding company was renamed Interfin Financial Services Limited, to reflect the new ownership. The trading symbol for the new bank holding company is: INTERFIN.[3] The Government of Zimbabwe has given formal approval of the takeover of CFX Bank by Interfin.[4] The Reserve Bank of Zimbabwe has also signaled its approval of the merger of the two institutions.[5]
OwnershipEdit
CFX Bank was a publicly traded company. The shares of stock of its holding company, Interfin Financial Services Limited are listed on the Zimbabwe Stock Exchange, where they trade under the symbol: INTERFIN.[6] An ownership dispute exists, with the former director of ENG Capital Group claiming that assets were illegally acquired by CFX Bank[7]
The five largest shareholders of record in INTERFIN and thus CFX Bank are:[8]
^Kadzere, Martin (2010-11-18). "Zimbabwe: Interfin, Cfx Union Approved". The Herald (Harare). Retrieved 2017-09-06.
^Interfin Financial Services Trades Under Symbol: INTERFIN 2010-12-25 at the Wayback Machine
^"Ex-ENG director seeks de-specification". NewsDay. 2011-01-04.
^Madera, Bright (2010-09-27). "Zimbabwe: Local Investor Snaps Up 19 Percent in Interfin". The Herald (Harare). Retrieved 2017-09-06.
External linksEdit
Official website
Listed Companies At Zimbabwe Stock Exchange
August 29, 2023
bank, whose, full, name, limited, commercial, bank, zimbabwe, licensed, commercial, banks, country, typepublic, interfinindustryfinancial, servicesfounded2006headquartersharare, zimbabweproductsloans, savings, checking, investments, debit, cards, credit, cards. CFX Bank whose full name is CFX Bank Limited was a commercial bank in Zimbabwe It was one of the licensed commercial banks in the country 1 CFX BankTypePublic ZSE INTERFINIndustryFinancial servicesFounded2006HeadquartersHarare ZimbabweProductsLoans Savings Checking Investments Debit Cards Credit Cards MortgagesWebsitewww wbr cfxbank wbr co wbr zw Contents 1 History 2 Ownership 3 See also 4 References 5 External linksHistory EditThe bank was founded in 2006 as a 100 subsidiary of CFX Financial Services Limited its holding company whose shares trade on the Zimbabwe Stock Exchange The bank has two 2 affiliated companies a CFX Asset Management and b CFX Merchant Bank both of which are also 100 owned by the holding company 2 In 2009 as a result of changes in Zimbabwean banking laws Interfin Holdings Limited acquired a controlling interest in CFX Financial Services Subsequently the holding company was renamed Interfin Financial Services Limited to reflect the new ownership The trading symbol for the new bank holding company is INTERFIN 3 The Government of Zimbabwe has given formal approval of the takeover of CFX Bank by Interfin 4 The Reserve Bank of Zimbabwe has also signaled its approval of the merger of the two institutions 5 Ownership EditCFX Bank was a publicly traded company The shares of stock of its holding company Interfin Financial Services Limited are listed on the Zimbabwe Stock Exchange where they trade under the symbol INTERFIN 6 An ownership dispute exists with the former director of ENG Capital Group claiming that assets were illegally acquired by CFX Bank 7 The five largest shareholders of record in INTERFIN and thus CFX Bank are 8 Rank Name of owner Percentage ownership1 Interfin Holdings Limited 32 412 Savanna Tobacco Limited 19 103 National Social Security Authority of Zimbabwe 17 314 Msasa Nominees Pty Limited 06 005 AFS 04 996 Others 20 19Total 100 00See also EditInterfin Bank List of banks in Zimbabwe Reserve Bank of Zimbabwe Zimbabwe Stock Exchange Economy of ZimbabweReferences Edit Mpofu Bernard 2010 09 17 Zimbabwe Return of Banks Will Lead to Dog Fight Tetrad Zimbabwe Independent Harare Retrieved 2017 09 06 About CFX Bank Archived 2011 07 09 at the Wayback Machine Madera Bright 2010 09 27 Zimbabwe Local Investor Snaps Up 19 Percent in Interfin The Herald Harare Retrieved 2017 09 06 Government Approves CFX s Takeover By Interfin Kadzere Martin 2010 11 18 Zimbabwe Interfin Cfx Union Approved The Herald Harare Retrieved 2017 09 06 Interfin Financial Services Trades Under Symbol INTERFIN Archived 2010 12 25 at the Wayback Machine Ex ENG director seeks de specification NewsDay 2011 01 04 Madera Bright 2010 09 27 Zimbabwe Local Investor Snaps Up 19 Percent in Interfin The Herald Harare Retrieved 2017 09 06 External links EditOfficial website Listed Companies At Zimbabwe Stock Exchange Retrieved from https en wikipedia org w index php title CFX Bank amp oldid 1029683045, wikipedia, wiki, book, books, library,
