Investrust Bank

Last updated
Investrust Bank
Type Public: LUSE: INVT
Industry Financial services
FoundedJanuary 1, 1996;27 years ago (1996-01-01) location = Lusaka, Zambia
Key people
Dr Jacob Mwanza
Chairman
Simangolwa Shakalima
Managing Director
Products Loans, Checking, Savings, Investments, Debit Cards
RevenueDecrease2.svgAftertax: ZMK:47.395 million (US$4.8 million (2016) [1]
Total assets ZMW:1.284 billion (US$129.7 million) (2016) [1]
Number of employees
456 (2016) [1]
Website Homepage

Investrust Bank Plc., commonly known as Investrust Bank, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator. [2]

Contents

Location

The head office of the bank is in Ody's Building, along Great East Road, in Lusaka. [1] The main branch of Investrust Bank Zambia Limited is located in Investrust House, at 4527 and 4527 Freedom Way, in the city of Lusaka, the largest city and capital of Zambia. [3] The geographical coordinates of the bank's main branch are: 15°25'23.0"S, 28°16'46.0"E (Latitude:-15.423056; Longitude:28.279444). [4]

Overview

As of December 2016, Investrust Bank was a medium-sized financial services provider in Zambia. It had under its control, assets totaling ZMW:1.284 billion (US$129.7 million), with shareholders' equity valued at ZMW:115.32 million (US$11.64 million). [1]

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. [5]

Ownership

Investrust bank is a public company whose stock is publicly traded on the Lusaka Stock Exchange. The detailed shareholding in the bank was as depicted in the table below, as of 31 December 2016. [1]

Investrust Bank Plc Stock Ownership
RankName of OwnerPercentage Ownership
1ZCCM Investments Holdings Plc71.4
2Bank of Nevis International Limited24.083Workers' Compensation Fund Control Board4.0
4Stanbic Bank Zambia Pension Scheme4.0
5Justin Bevin Zulu3.0
7Others7.0
Total100.00

Branch Network

As of May 2018, the bank maintained a network of branches at the following locations: [3]

  1. Head Office: Ody's Building, Great East Road, Lusaka
  2. Lusaka Main Branch: Investrust House, 4527/8 Freedom Way, Lusaka
  3. Savings Centre Branch: Investrust House, 4527/8 Freedom Way, Lusaka
  4. Kenneth Kaunda International Airport Agency: Lusaka International Airport, Lusaka
  5. Arcades Branch: Shop Number 32, Great East Road, Lusaka
  6. Mulungushi Branch: Mulungushi House, Ridgeway, Lusaka
  7. Industrial Branch: 13969 Chandwe Musonda Road, Lusaka
  8. Soweto Branch: Off of Los Angeles Road, Stand Number 67, New Soweto Market, Lusaka
  9. Kafue Road Branch: 14093 Kafue Road, Lusaka
  10. Manda Hill Branch: Manda Hill Shopping Centre, Corner of Great East Road & Manchinchi Road, Lusaka
  11. Levy Business Park Branch: Shop Number F06 & F08 Levy Business Park, Lusaka
  12. Mumbwa Road Branch: 284/132/34 Unit 5, Mumbwa Road, Lusaka
  13. Chililabombwe Branch: 72 Independence Avenue, Town Centre, Chililabombwe
  14. Chingola Branch: Civic Centre Building, Kabundi Road, Chingola
  15. Chipata Branch: 1783 Parenyatwa Road, Chipata
  16. Mwami Border Agency: Chipata
  17. Chirundu Branch: Units 39/40 & 51/52, Clearing Agents Building, Chirundu OSBP, Chirundu Border Road, Chirundu
  18. Choma Branch: 398 Livingstone Road, Choma
  19. Copperbelt University Branch: Main Campus, Copperbelt University, Riverside, Kitwe
  20. Freedom Avenue Branch: Freedom Avenue, Kitwe
  21. Kabwe Branch: 1549 Kabwe Municipal, Revenue Hall, Freedom Way, Kabwe
  22. Kitwe Branch: 14 Obote Avenue, Kitwe
  23. Livingstone Branch: 103 Mosi-0-Tunya Road, Livingstone
  24. Nkumbula International Airport Agency: Harry Mwanga Nkumbula International Airport, Livingstone
  25. Luangwa Branch: Luangwa
  26. Lumwana Branch: Lumwana
  27. President Avenue Branch: 93902 Z–Mart Mall Building, President Avenue, Ndola
  28. Buteko Avenue Branch: Stand Number 3371, Ndola
  29. Solwezi Branch: 23/24 Independence Avenue, Solwezi
  30. Mongu Branch: 1868 Independence Road, Mongu.

Governance

Mr. Peter Banda, a non-executive board member is the Chairman of the Board of Directors. Simangolwa Shakalima serves as the Managing Director and Chief Executive Officer. [1]

See also

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References

  1. 1 2 3 4 5 6 7 Investrust Bank (11 April 2017). "Investrust Bank Final Audited Annual Report for the Year Ended 31 December 2016" (PDF). Lusaka: Investrust Bank Zambia Limited. Retrieved 2 May 2018.
  2. ↑ 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.
  3. 1 2 Investrust Bank (2 May 2018). "The Branch List of Investrust Bank Zambia Limited". Lusaka: Investrust Bank Zambia Limited. Retrieved 2 May 2018.
  4. ↑ Google (2 May 2018). "Location of the Main Branch of Investrust Bank Zambia Limited" (Map). Google Maps . Google. Retrieved 2 May 2018.
  5. ↑ Investrust Bank (2 May 2018). "The History of Investrust Bank Plc". Lusaka: Investrust Bank Zambia Limited. Retrieved 2 May 2018.

Coordinates: 15°25′23″S28°16′46″E / 15.42306°S 28.27944°E / -15.42306; 28.27944

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