| Investrust Bank | |
| Type: | Public LUSE: INVT |
| Foundation: | location = Lusaka, Zambia |
| Key People: | Dr Jacob Mwanza Chairman Simangolwa Shakalima Managing Director |
| Num Employees: | 456 (2016) |
| Assets: | ZMW:1.284 billion (US$129.7 million) (2016) |
| Revenue: | Aftertax: ZMK:47.395 million (US$4.8 million (2016) |
| Industry: | Financial services |
| Products: | Loans, Checking, Savings, Investments, Debit Cards |
| Homepage: | 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.[1]
The head office of the bank is in Ody's Building, along Great East Road, in Lusaka. 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.[2] 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).
, 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).[3]
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.[4]
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.[3]
| 1 | ZCCM Investments Holdings Plc | 71.4 | |||
| 2 | Bank of Nevis International Limited | 24.08 | 3 | Workers' Compensation Fund Control Board | 4.0 |
| 4 | Stanbic Bank Zambia Pension Scheme | 4.0 | |||
| 5 | Justin Bevin Zulu | 3.0 | |||
| 7 | Others | 7.0 | |||
| Total | 100.00 | ||||
, the bank maintained a network of branches at the following locations:[2]
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.[3]