CDHIB offers account to Diaspora
Malawian CDH Investment Bank team has arrived in the United Kingdom to offer innovative banking solutions to the diaspora, including same day loans over their savings in currencies including Pound and Dollars, affording one to support family or business emergencies without spending the hard earned forex.
All interested Malawians can from Wednesday, 2 July, 2014 call the Malawi High Commission in London and book an appointment or speak to CDH Investment Bank representatives on 020 07421 6010 and access information and how they can join Malawi’s premier investment bank.
All CDH Investment Bank accounts offers access to information on Malawi financial markets, CDH Capital and CDH Asset Management, Share market and more.
Reserve Bank of Malawi governor Charles Chuka shakes hands with CDH Investment bank board chair Franklin Kennedy
The accounts also offer loans and mortgages including property market information through the banks trusted partners. They give your own personal account relationship officer making it easy for you to process anything in real time.
CDH Investment Bank team will be part of the official commemoration of the 50th Independence Anniversary, and Malawians in United Kingdom and Ireland have an opportunity to open their accounts from 1 July to 10 July 2014.
Publicity Secretary of Malawi at 50 in the United Kingdom said the team will be available at Hyatt Regency London-The Churchill and Kwacha House Malawi at 50 Party and would visit Malawians want them to, Bedford, Leicester, Nottingham, Birmingham and Manchester.
Application forms which can be downloaded from on CDH Investment Bank website: http://www.cdh-malawi.com.
If the interest in Ireland is there the CDH Investment Bank Team will fly for a day to process
accounts opening. The account which can be opened and funds kept in British Sterling pounds, Euro, United States Dollars and South African Rand, including access to internet banking and a visa card will be available from December 2014 attached to the account making sure that in times of need you can use your funds.
The account is a personal savings and transactional account accruing interest of 0.15 percent for United States Dollar and British Sterling Pounds savings, free internal transfers to any account, access to same day loan in Kwacha up to 80 percent of your account balance and interest accrual on balances higher than $|€|£ 2000 or 20,000 rands.
Opening deposit is £1000 or US$1000. Associations, Charities, Faith Organisations and Businesses they can open Foreign Currency Dominated Accounts.
During the trip, Malawians and those with interests or operate in Malawi can also open CurrentAccount which gives interest of 2% pa.
The opening deposit for the account K500, 000.00 and thereafter maintain a minimum balance of 50,000.00. A current account gives access to internet banking and a personal account relationship officer.
A Smart Savers account is the right choice for saving kwacha deposits as it earns and annual percent interest rate of 15 % paid monthly with a minimum deposit of K500 000 and balance of K200,000 to be maintained throughout the account life.
Another investor account is Prime Investors Account which requires an opening deposit of K1 million and minimum balance of K500,000 and interest is paid twice per year in June and December.
Opening the accounts its easy, when you book, you will allocated suitable time and one needs to bring an acceptable Identity like Passport or Driver’s License, proof of Address (it could be utility bull or Council Tax Bill) and Proof of Income (could be payslip or letter from employer).
CDH is a leading investment bank in Malawi. It is part of CDH Holdings Limited, a fast growing financial services group with investments in Malawi and East Africa