Interfin Bank
Interfin Bank, also called Interfin Bank Limited, is a commercial bank in Zimbabwe. History The bank was founded in 1999, as Interfin Merchant Bank. In 2009, Interfin Merchant Bank underwrote a rights issue of CFX Financial Services Limited (CFX Financial), a financial services provider with three subsidiary companies in which it held 100% ownership: CFX Bank – A commercial bank CFX Merchant Bank – A merchant bank CFX Asset Management – An asset management company In 2009, CFX Financial which was formed in 2006, was a publicly traded company on the Zimbabwe Stock Exchange. The rights issue was grossly undersubscribed and Interfin Merchant Bank was left with the equivalent of 40% shareholding in CFX Financial, unsold. As a result, Interfin acquired a 40% sharehold in CFX Financial. It then began a series of manoeuvres to acquire a controlling ownership interest in its new acquisition, through a share swap. The holding company was renamed Interfin Financial Services Limited, to reflect the new ownership. A reverse merger was executed whereby Interfin became listed on the Zimbabwe Stock Exchange under the slot where CFX Financial used to be. The trading symbol for the new bank holding company became: INTERFIN. The application was then