CBZ HOLDINGS

In 2004 a new vision was adopted. This refocus propelled the establishment of CBZ Holdings (CBZH) as an entity poised to provide all client segments with a one-stop shopping experience for financial services. When CBZ Holdings Limited was operationalised in June 2005, period of intense growth through diversification began.The Bank became a subsidiary of the holding company and was renamed CBZ Bank Limited. CBZ Asset Management (Private) Limited trading as Datvest was incorporated under the CBZ Group following the acquisition of its entire issued share capital in June 2005.Adding to its interests in commercial banking and asset management, CBZH then ventured into the property sector in 2006 by registering and launching another subsidiary, CBZ Properties (Private) Limited. In 2006 CBZ Holdings, in partnership with other investors also set up a short term insurance company, Optimal Insurance (Private) Limited, which began operations in July 2005.CBZ Holdings continued in its concerted efforts to seek. In 2010 CBZ Holdings started an operational integration process that has resulted in the consolidation of the Bank and the Building Society resulting in the Bank Offering a one-stop shop facility to its clients. This means that the Group now offers Banking and home financing products and services available under one roof. Operationally, this consolidation means that there are no free-standing CBZ Building Society branches. Instead, the services previously offered through these branches are now available at the nearest CBZ Bank branch, to which Building Society clients were migrated.Mortgage Finance and other products previously offered through CBZ Building Society are now part of CBZ Bank’s range of products bringing cost saving for both the group and its clients. .The consolidation also means that a platform has now been created for product development innovation, which means finding more ways to make banking an even more enjoyable experience for clients.