Indo-Zambia Bank Limited
investments, Credit cards | |
Revenue | Aftertax:ZMW:604.26 million (US$23.49 million) (2023)[1] |
---|---|
Total assets | ZMW:17.78 billion (US$691 million) (Dec:2023)[2] |
Number of employees | 500+ (2023) |
Website | www |
Indo–Zambia Bank (IZB), whose full name is Indo–Zambia Bank Limited, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.[3]
Overview
Indo Zambia Bank is a leading Banking and financial services provider in Zambia, providing Corporate and retail services, viz Current, Savings and Fixed Deposits, Loans, Investments, Bank Assurance services, Trade Finance and Debit/Credit card, to the communities it serves. As of December 2023, the bank controlled total assets of ZMW:17.78 billion (US$691 million), with shareholders' equity of ZMW:2.28 billion (US$88.64 million).[2]
History
The bank was founded in on 19 October 1984 by the
Location
The headquarters of the bank is located at Indo House, Corporate Head office, Plot no 1213/1214 Corner of Addis Ababa Drive, Great east Road, in the city of Lusaka, the capital city of Zambia, and its largest metropolitan area.[4] The geographical coordinates of the bank's headquarters are: -15.398561,28.3034826 (Latitude:-15.39861; Longitude: 28.3034826).[5]
Ownership
The stock of Indo-Zambia Bank is held by four investors. The table below shows the ownership percentage of each shareholder:[6]
Rank | Name of Owner | Percentage Ownership |
---|---|---|
1 | Government of Zambia |
40.0 |
2 | Bank of Baroda | 20.0 |
3 | Bank of India | 20.0 |
4 | Central Bank of India | 20.0 |
Total | 100.00 |
Branch network
The bank maintains its headquarters in Lusaka, the capital and largest city in Zambia. As of December 2023[update], it had a network of thirty-three branches in various parts of the country.[6]
Governance
DR. MICHAEL GONDWE, a
See also
References
- ^ Indo-Zambia Bank (17 January 2024). "Indo-Zambia Bank: Financial Performance" (PDF). Lusaka: Indo-Zambia Bank Limited. Retrieved 17 January 2024.
- ^ a b "Indo Zambia Bank Financial Performance". IZB. Retrieved 20 January 2024.
- ^ Bank of Zambia (2 May 2018). "List of Licensed Commercial Banks in Zambia". Lusaka: Bank of Zambia. Archived from the original on 21 June 2010. Retrieved 2 May 2018.
- ^ Indo-Zambia Bank (2 May 2018). "The Head Office of Indo-Zambia Bank". Lusaka: Indo-Zambia Bank Limited. Retrieved 2 May 2018.
- ^ Google (17 January 2024). "Location of the Headquarters of Indo-Zambia Bank, Lusaka, Zambia" (Map). Google Maps. Google. Retrieved 17 January 2024.
- ^ a b Indo-Zambia Bank (2 May 2018). "Indo-Zambia Bank: Brief History". Lusaka: Indo-Zambia Bank Limited. Retrieved 2 May 2018.
- ^ Indo-Zambia Bank (17 January 2024). "Indo-Zambia Bank Limited: The Board of Directors". Lusaka: Indo-Zambia Bank Limited. Retrieved 17 January 2024.
External links
- Website of Indo-Zambia Bank
- Website of Bank of Zambia Archived 21 June 2010 at the Wayback Machine