Investrust Bank
| Public: LuSE: INVT | |
| Industry | Financial Services |
| Founded | 1996 |
| Headquarters | Lusaka, Zambia |
Key people |
Justin Zulu Chairman Friday Ndhlovu Managing Director |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Revenue |
 Aftertax: US$2.7+ million (ZMK:14.34 million) (2012) |
| Total assets | US$241.2 million (ZMW:1.28 billion) (2012) |
Number of employees | 398 (2013) |
| Website | Homepage |
Investrust Bank Plc., commonly known as Investrust Bank, is a commercial bank in Zambia. It is one of the commercial banks licensed by the Bank of Zambia, the national banking regulator.[1]
Overview
As of December 2012, Investrust Bank was a medium-sized financial services provider in Zambia. It had under its control, assets totaling approximately US$241.2 million (ZMK:1.28 billion), with shareholders' equity of approximately US$15.3 million (ZMW:81 million).[2]
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. As of October 2010, the bank is expanding both its branch network and its loan book.[3]
Ownership
Investrust bank is a public company whose stock is publicly traded on the Lusaka Stock Exchange. The detailed shareholding in the bank is not available at the moment.
Branch Network
As of January 2013, the bank maintains a network of branches at the following locations:[4]
- Head Office - Ody’s Building, Great East Road, Lusaka
- Arcades Branch - Shop 32, Great East Road, Lusaka
- Industrial Branch - 13969 Chandwe Musonda Road, Lusaka
- Kafue Road Branch - 14093 Kafue Road, Lusaka
- Kenneth Kaunda International Airport Branch - Lusaka International Airport, Lusaka
- Levy Business Park Branch - Shops F06 & F08, Levy Business Park Mall, Lusaka
- Lusaka Main Branch - Investrust House, 4527/8 Freedom Way, Lusaka
- Manda Hill Branch - Manda Hill Shopping Centre, Great East Road at Manchinchi Road, Lusaka
- Mulungushi Branch - Mulungushi House, Ridgeway, Lusaka
- Ody’s Branch - Ody’s Building, Great East Road, Lusaka
- Savings Centre Branch - Investrust House, 4527/8 Freedom Way, Lusaka
- Soweto Branch - 10431 New Soweto Market, Stand 67, Off Los Angeles Road, Lusaka
- Chipata Branch - 1783 Parenyatwa Road, Chipata
- Chililabombwe Branch - Stand 72, Independence Avenue, Town Centre, Chililabombwe
- Kitwe Branch - 14 Obote Avenue, Kitwe
- Luangwa Branch - Luangwa
- Lumwana Branch - Lumwana
- Livingstone Branch - 103 Mosi-O-Tunya Road, Livingstone
- Mwami Boarder Branch - Chipata
- Solwezi Branch - Stands 23 & 24, Independence Avenue, Solwezi
- Kabwe Branch - Kabwe Civic Centre Complex, Kabwe[5]
Governance
Justin B. Zulu, a former Governor of the Bank of Zambia is the Chairman of the Board of Directors. Friday C. Ndhlovu serves as the Managing Director and Chief Executive Officer.[6]