Indo-Zambia Bank Limited
|Key people||Orlean Moyo
|Products||Loans, credit cards, savings, investments, mortgages|
|Revenue||Aftertax:US$7.17 million (ZMK:37.2 billion) (2011)|
|Total assets||US$308.6 million (ZMK:1.6 trillion) (Q1:2012)|
Indo-Zambia Bank (IZB), whose full name is Indo-Zambia Bank Limited, is a commercial bank in Zambia. It is one of the commercial banks licensed by Bank of Zambia, the national banking regulator.
IZB is a medium-sized financial services provider in Zambia, providing retail banking services to the communities it serves. As of March 2012[update], the bank controlled total assets of nearly US$309 million (ZMK:1.6 trillion). At that time, the shareholders' equity in the bank was valued at approximately US$45.4 million (ZMK:235.4 billion).
The bank was founded in 1984 by the Government of Zambia, and three state owned Indian banks: (a) Bank of Baroda (b) Bank of India and (c) Central Bank of India. Indo-Zambia Bank is a significant employer in the communities that it serves and is an active participant in CSR activities in Zambia.