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Annual Report Summaries

Investrust Plc Extract from 2018 Annual Report

nvestrust Bank Plc (“Investrust”) recorded a 19.9% decrease in net interest income to K48.91 million during the year ended 31st December 2017 (2016: K40.82 million). Total operating expenses increased marginally by 1% on a year-on-year basis to K149.65 million (2016: K148.23 million). During the year under review, the Bank recorded a loss of K38.00 million (2016: K47.40 million loss).

Subsequent to the year-end, ZCCM-IH increased its shareholding in Investrust from 45.4% to 71.4% through the mandatory offer that commenced on 9th April 2018 and closed on 30th April 2018.

The Bank’s share price on the LuSE closed the period under review at K13.50 (2016: K13.50).There were no dividends declared during the financial year under review (2016: Nil).

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