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Investrust Bank

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Investrust Bank

Investrust Bank
Type Public: LuSE: INVT
Industry Financial Services
Founded 1996
Headquarters Lusaka, Zambia
Key people Justin Zulu
Chairman
Friday Ndhlovu
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
Revenue IncreaseAftertax: US$2.7+ million (ZMK:14.34 million) (2012)
Total assets US$241.2 million (ZMW:1.28 billion) (2012)
Employees 398 (2013)
Website Homepage

Investrust Bank Plc., commonly known as Investrust Bank, is a commercial bank in Zambia. It is one of the commercial banks licensed by the Bank of Zambia, the national banking regulator.[1]

Overview

As of December 2012, Investrust Bank was a medium-sized financial services provider in Zambia. It had under its control, assets totaling approximately US$241.2 million (ZMK:1.28 billion), with shareholders' equity of approximately US$15.3 million (ZMW:81 million).[2]

History

The bank was founded in 1996, registering as a corporate entity, receiving a banking license and commencing banking operations during that year. In the beginning, the institution was privately held and was known as Investrust Merchant Bank Zambia Limited. In 2002, the bank's name was changed to Investrust Bank Limited. During 2004, the bank's stock was provisionally listed on the Lusaka Stock Exchange (LuSE) for the first time. In 2007 the bank's stock became fully listed on the LuSE. As of October 2010, the bank is expanding both its branch network and its loan book.[3]

Ownership

Investrust bank is a public company whose stock is publicly traded on the Lusaka Stock Exchange. The detailed shareholding in the bank is not available at the moment.

Branch Network

As of January 2013, the bank maintains a network of branches at the following locations:[4]

  1. Head Office - Ody’s Building, Great East Road, Lusaka
  2. Arcades Branch - Shop 32, Great East Road, Lusaka
  3. Industrial Branch - 13969 Chandwe Musonda Road, Lusaka
  4. Kafue Road Branch - 14093 Kafue Road, Lusaka
  5. Kenneth Kaunda International Airport Branch - Lusaka International Airport, Lusaka
  6. Levy Business Park Branch - Shops F06 & F08, Levy Business Park Mall, Lusaka
  7. Lusaka Main Branch - Investrust House, 4527/8 Freedom Way, Lusaka
  8. Manda Hill Branch - Manda Hill Shopping Centre, Great East Road at Manchinchi Road, Lusaka
  9. Mulungushi Branch - Mulungushi House, Ridgeway, Lusaka
  10. Ody’s Branch - Ody’s Building, Great East Road, Lusaka
  11. Savings Centre Branch - Investrust House, 4527/8 Freedom Way, Lusaka
  12. Soweto Branch - 10431 New Soweto Market, Stand 67, Off Los Angeles Road, Lusaka
  13. Chipata Branch - 1783 Parenyatwa Road, Chipata
  14. Chililabombwe Branch - Stand 72, Independence Avenue, Town Centre, Chililabombwe
  15. Kitwe Branch - 14 Obote Avenue, Kitwe
  16. Luangwa Branch - Luangwa
  17. Lumwana Branch - Lumwana
  18. Livingstone Branch - 103 Mosi-O-Tunya Road, Livingstone
  19. Mwami Boarder Branch - Chipata
  20. Solwezi Branch - Stands 23 & 24, Independence Avenue, Solwezi
  21. Kabwe Branch - Kabwe Civic Centre Complex, Kabwe[5]

Governance

Justin B. Zulu, a former Governor of the Bank of Zambia is the Chairman of the Board of Directors. Friday C. Ndhlovu serves as the Managing Director and Chief Executive Officer.[6]

External links

  • Website of Investrust Bank
  • Website of Bank of Zambia
  • Overview of Zambian Banking Sector

See also

References

  1. ^ List of Licensed Zambian Commercial Banks
  2. ^ Audited 31 December 2012 Financial Statement
  3. ^ Investrust Bank Grows Lending Capacity
  4. ^ Branches of Investrust Bank
  5. ^ Investrust Opens Branch In Kabwe
  6. ^ Investrust Bank Profile At Google Finance
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