DOREEN NAWA
Lusaka
IN A testament to resilience and strategic growth, Indo Zambia Bank has declared a K60 million dividend to its shareholder, Industrial Development Corporation (IDC), a move that underscores its impressive financial performance in the face of economic challenges.
And the bank’s total revenue grew by 18.5 percent, increasing from K1.69 billion in 2023 to K2 billion in 2024.
The bank’s net profit after tax also surged by 19.82 percent, reaching K724 million, compared to K604 million the previous year.
In a speech read by IDC chief legal officer Leya Ngoma at the bank’s annual general meeting on Friday, IDC chief executive officer Cornwell Muleya lauded Indo Zambia Bank for its outstanding financial results, which saw significant growth in revenue, profits and overall assets.
“This is the sort of performance we want across our entire IDC portfolio. Indo Zambia Bank, you’ve set the bar high, and we expect more of these happy surprises in the coming years,” Mr Muleya said…https://enews.daily-mail.co.zm/welcome/home
