Investrust Bank
Encyclopedia
Investrust Bank Plc., commonly known as Investrust Bank, is a is a commercial bank
in Zambia
. It is one of the eighteen (18) licensed commercial banks in the country.
. It had under its control, assets totaling approximately US$135 million, with shareholders' equity of approximately US$12 million.
(LuSE) for the first time. In 2007 the bank's stock became fully listed on the LuSE. , the bank is expanding both its branch network and its loan book.
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
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
. It is one of the eighteen (18) licensed commercial banks in the country.
Overview
, Investrust Bank was a medium-sized financial services provider in ZambiaZambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
. It had under its control, assets totaling approximately US$135 million, with shareholders' equity of approximately US$12 million.
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 ExchangeLusaka Stock Exchange
The Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.Background...
(LuSE) for the first time. In 2007 the bank's stock became fully listed on the LuSE. , the bank is expanding both its branch network and its loan book.
Ownership
Investrust bank is a private 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
, the bank maintains a network of branches at the following locations:- Head Office - Ody's Building, Great East Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Main Branch - Investrust House, 4527 Freedom Way, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Savings Centre Branch - Investrust House, 4528 Freedom Way, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Arcades Branch - Great East Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Mulungushi Branch - Mulungushi House, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Airport Branch - Lusaka International AirportLusaka International AirportKenneth Kaunda International Airport is an international airport in Lusaka, Zambia, and was the hub of Zambian Airways. Formerly Lusaka International Airport, now called Kenneth Kaunda International Airport. The airport was renamed in honour of the first president of the Republic of Zambia Dr...
- Industrial Branch - Industrial Area, 13969, Chandwe Musonda Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Soweto Market Branch - New Soweto Market, Los Angeles Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Kitwe Branch - Obote Avenue, KitweKitweKitwe is the second largest city in terms of size and population in Zambia. With a population of 547,700 Kitwe is one of the most developed commercial and industrial areas in the nation, alongside Ndola and Lusaka...
- Chipata Branch - 1783 Parerenyatwa Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Luangwa Branch - Luangwa, ZambiaLuangwa, ZambiaLuangwa is a town in Zambia, at the confluence of the Luangwa and Zambezi Rivers, which was previously called Feira. It is headquarters of a district of the same name in Lusaka Province....
- Chililabombwe Branch - Independence Avenue, ChililabombweChililabombweChililabombwe is a city located in Zambia's Copperbelt Province. The name means 'place of the croaking frog'.The main economic activity is the mining of copper....
- Solwezi Branch - Independence Avenue, SolweziSolweziSolwezi is the capital of the North Western Province of Zambia. Solwezi has approximately 65,000 inhabitants at an elevation of 1235 m above sea level...
- Livingstone Branch - Mosi-O-Tunya Road, Livingstone, ZambiaLivingstone, ZambiaLivingstone or Maramba is a historic colonial city and present capital of the Southern Province of Zambia, a tourism centre for the Victoria Falls lying north of the Zambezi River, and a border town with road and rail connections to Zimbabwe on the other side of the Falls...
- Lumwana Branch - LumwanaLumwana-Location:Lumwana is located in Zambia's Mwinilunga District, Northwest Province. It is located approximately , by road, east of Mwinilunga, where the district headquarters are located, along the T5 Highway. This location lies approximately , by road, northwest of Lusaka, the capital of Zambia and...
Governance
Justin B. Zulu, a former GovernorGovernor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
of the Bank of Zambia
Bank of Zambia
The Bank of Zambia is the central bank of Zambia. According to its website, the principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country.The bank's offices are located in Lusaka....
is the Chairman of the Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
. Friday C. Ndhlovu serves as the Managing Director and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
.