Investrust Bank
| Company type | Public: LUSE: INVT |
|---|---|
| Industry | Financial Services |
| Founded | January 1, 1996 location = Lusaka, Zambia |
Key people | Dr Jacob Mwanza Chairman Simangolwa Shakalima Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |  Aftertax: 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]
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[update], 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]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | ZCCM Investments Holdings Plc | 71.4 |
| 2 | Meanwood Venture Capital Limited | 18.0 |
| 3 | Lupande Family Trust Limited | 6.0 |
| 4 | Jacob Lameck Shuma | 5.0 |
| 5 | Daka Timothy | 4.0 |
| 6 | Workers' Compensation Fund Control Board | 4.0 |
| 7 | Stanbic Bank Zambia Pension Scheme | 4.0 |
| 8 | Justin Bevin Zulu | 3.0 |
| 9 | Others | 7.0 |
| Total | 100.00 |
Branch Network
As of May 2018[update], the bank maintained a network of branches at the following locations:[3]
- Head Office: Ody's Building, Great East Road, Lusaka
- Lusaka Main Branch: Investrust House, 4527/8 Freedom Way, Lusaka
- Savings Centre Branch: Investrust House, 4527/8 Freedom Way, Lusaka
- Kenneth Kaunda International Airport Agency: Lusaka International Airport, Lusaka
- Arcades Branch: Shop Number 32, Great East Road, Lusaka
- Mulungushi Branch: Mulungushi House, Ridgeway, Lusaka
- Industrial Branch: 13969 Chandwe Musonda Road, Lusaka
- Soweto Branch: Off of Los Angeles Road, Stand Number 67, New Soweto Market, Lusaka
- Kafue Road Branch: 14093 Kafue Road, Lusaka
- Manda Hill Branch: Manda Hill Shopping Centre, Corner of Great East Road & Manchinchi Road, Lusaka
- Levy Business Park Branch: Shop Number F06 & F08 Levy Business Park, Lusaka
- Mumbwa Road Branch: 284/132/34 Unit 5, Mumbwa Road, Lusaka
- Chililabombwe Branch: 72 Independence Avenue, Town Centre, Chililabombwe
- Chingola Branch: Civic Centre Building, Kabundi Road, Chingola
- Chipata Branch: 1783 Parenyatwa Road, Chipata
- Mwami Border Agency: Chipata
- Chirundu Branch: Units 39/40 & 51/52, Clearing Agents Building, Chirundu OSBP, Chirundu Border Road, Chirundu
- Choma Branch: 398 Livingstone Road, Choma
- Copperbelt University Branch: Main Campus, Copperbelt University, Riverside, Kitwe
- Freedom Avenue Branch: Freedom Avenue, Kitwe
- Kabwe Branch: 1549 Kabwe Municipal, Revenue Hall, Freedom Way, Kabwe
- Kitwe Branch: 14 Obote Avenue, Kitwe
- Livingstone Branch: 103 Mosi-0-Tunya Road, Livingstone
- Nkumbula International Airport Agency: Harry Mwanga Nkumbula International Airport, Livingstone
- Luangwa Branch: Luangwa
- Lumwana Branch: Lumwana
- President Avenue Branch: 93902 Z–Mart Mall Building, President Avenue, Ndola
- Buteko Avenue Branch: Stand Number 3371, Ndola
- Solwezi Branch: 23/24 Independence Avenue, Solwezi
- Mongu Branch: 1868 Independence Road, Mongu.
Governance
Dr Jacob Mwanza, 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
References
- ^ a b c d e f g 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.
- ^ Bank of Zambia (2 May 2018). "List of Licensed Commercial Banks in Zambia". Lusaka: Bank of Zambia. Retrieved 2 May 2018.
- ^ a b Investrust Bank (2 May 2018). "The Branch List of Investrust Bank Zambia Limited". Lusaka: Investrust Bank Zambia Limited. Retrieved 2 May 2018.
- ^ "Location of the Main Branch of Investrust Bank Zambia Limited" (Map). Google Maps. Retrieved 2 May 2018.
- ^ Investrust Bank (2 May 2018). "The History of Investrust Bank Plc". Lusaka: Investrust Bank Zambia Limited. Retrieved 2 May 2018.
