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Investrust Bank Plc 2017-02-28T07:24:14+00:00

Investrust Bank Plc is a public limited company and is incorporated under the Companies Act Chapter 388 of the ‘laws of Zambia. The Bank is licensed under the Banking and Financial Services Act Chapter 387 of the Laws of Zambia to conduct commercial banking services and has a primary listing on the Lusaka Stock Exchange. ZCCM-IH currently owns 10% of Investrust Bank Plc.

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Fundamentals

Nature of Business and Overview of Operations

Investrust currently has 27 branches spread in the following towns: Lusaka, Kitwe, Chipata, Chirundu, Chililabombwe, Chingola, Choma, Kabwe, Mongu, Ndola, Solwezi, Lumwana, Livingstone and Luangwa. Apart from the 27 branches the Bank also has three (3) agency offices in Lusaka at the Lusaka International Airport, Mwami Border Post in Chipata and at Harry Mwanga Nkumbula International Airport in Livingstone.

Retail and SME Banking

The provision of retail banking services to the consumer market in Zambia currently constitutes the core activities of Investrust Bank. The introduction of Agency banking underpins the Bank’s commitment to ensuring easier accessibility of its banking services to its customers.

This is set to increase and anchor the Bank’s operations as more branches are opened and latest alternative delivery channels implemented as part of the expansion and growth strategy.

Corporate Banking

Investrust Bank is progressively repositioning itself in the Zambian financial market by offering products based on a market segmentation strategy. In this regard the Corporate Banking department has focused on medium-sized enterprises and emergent Zambian entrepreneurs and corporations.

One of the recently introduced products is “Investlease”. Leasing financing is expected to grow significantly and contribute significantly to revenue generation in the immediate term.

Treasury Banking

The Treasury function at Investrust Bank is primarily responsible for liquidity management in both local and foreign currencies and management of various business risks.

The Treasury Department takes an active role in the money market to generate interest income via investments in treasury bills and government bonds and margin income on foreign exchange transactions.

Contact Details

Ody’s Park
Plot No. 19028/9
Great East Road
P.O Box 32344
Lusaka
Zambia
Phone: +260 211 294685/874
www.investrustbank.com
Investor Relations Dashboard

Extract from 2015 annual report

Investrust Bank Plc’s (Investrust) revenue increased to K136.3 million for the year ended 31 December 2014 (2013: K122.2 million) with a loss after tax of K5.1 million (2013: K2.8 million loss).

During the period under review, the bank increased its branch network to twenty eight (28) after launching a branch in Chingola and two (2) in Kitwe. Investrust also launched its own switching software that facilitated the introduction of many innovative services and implemented Agency Banking, a delivery channel that uses a network of agents to offer typical banking services across the full breadth of Zambia. The bank anticipates business growth in the near future through the various strategic initiatives implemented by the Bank in the last three years and the operationalization of the Zambian Home Loans (ZHL). In 2015 the bank will embark on a capital raise exercise through a rights offer to meet the minimum capital requirements set by the Central Bank.

The bank’s share price on the LuSE closed the period under review at K13.50 (2014: K13.50).

There were no dividends declared during the financial year ended 31st March 2015 (2014: Nil).

Extract from 2014 annual report

During the period under review, the bank opened six new branches in Lusaka – Mumbwa road, Choma, Kabwe, Ndola – President Avenue and Buteko Avenue, and Mongu thereby increasing the total branch network to 25. Investrust anticipates business growth in the near future through consolidation of its operations and increasing the client base and product offerings. The bank is also on course with the capital raising exercise meant at increasing its primary capital and hopes to meet the revised limit within the extended timelines granted by the Central Bank.

The bank’s share price on the LuSE closed the period under review at K13.50 (2013: K14.90).

There were no dividends declared during the financial year (2013: Nil).

Copper

Extracting value from tier one assets by improving efficiencies and operations.