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CFX Bank, whose full name is CFX Bank Limited, a commercial bank in Zimbabwe. It is one of seventeen licensed commercial banks in the country.

History

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. 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 re-named Interfin Financial Services Limited, to reflect the new ownership despite negative publicity from the merger http://www.thezimbabwean.co.uk/index.php?option=com_content&view=article&id=34078:money-transfer-giant-sucked-into-cfx-bank-dispute&catid=28:business-news&Itemid=38. The trading symbol for the new bank holding company is: INTERFIN. The Government of Zimbabwe has given formal approval of the takeover of CFX Bank by Interfin. The Reserve Bank of Zimbabwe has also signaled its approval of the merger of the two institutions.Despite the Goverment approvals Gilbert Muponda through his lawyers Gutu and Chikowero has maintained legal challenge on CFX/Interfin ownership in addition to various opinion articles he has written explaining his challenge http://www.zimbabwemetro.com/news/sternford-moyo-misled-manipulated-by-farai-rwodzi-and-interfin-on-eng-capital-c-%E2%80%93-part-1-of-5/.

Ownership

CFX Bank is 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. The five largest shareholders in INTERFIN and thus CFX Bank are:

• Companies of Zimbabwe
• Companies established in 2006
• Companies listed on Zimbabwe Stock Exchange
• Harare
• Zimbabwe