Banking, Investrust Bank PlcAugust 13, 2019

From Mwanza to Banda; Change in Board Chair at Investrust Bank
Investrust Bank Board Chairman Dr. Jacob Mwanza has retired from the role paving way for Peter Banda who has since been appointed as his replacement, according to a statement issued by the Bank. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Directors of Investrust Bank Plc (“the Board”) […]

Banking, Investrust Bank PlcJuly 13, 2019

Abridged Financial Analysis – Investrust Bank Plc
Investrust Bank Plc has continued its efforts to record positive trends in the overall performance despite still being in a loss making position. The Bank has managed to achieve their positive trends with the help of their 25 branches after closing 2 branches and 3 agencies across Zambia, offering a full range of banking services […]

Banking, Investrust Bank PlcJuly 12, 2019

The Curious Case of Investrust PLC Zambia and its parallels to Deutsche Bank…
I’d like to take you on a journey, dissecting Investrust Zambia PLC’s financials over the past 5 years. Hopefully through it, a trend will be observed as well as an ongoing strategic master class which is aimed at bringing the troubled bank back to profitability. The fascinating links between the case of Investrust and Deutsche […]

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Banking, StandchartJune 19, 2019

Standard Chartered Bank Zambia Plc- Performance Review
Standard Chartered Bank Zambia Plc is an extraordinary organization with a rich history in Zambia stemming over 110 years. Based on its brand positioning which its clients greatly appreciate it has the potential to grow the overall business. However, risk management within the banking sector has continued to be part of their strategy in order […]

Banking, EconomyMay 27, 2019

The promotion of financial inclusion: The decline of Banks fortunes
In the simplest description financial inclusion is where individuals and businesses have access to useful and affordable financial products and services that meet their needs that are delivered in a responsible and sustainable way. In a nutshell these services are centred on fund transfer, credit facility access, insurance and fund savings.  In Zambia it is […]

Banking, InsuranceMay 26, 2019

Banks Entry In The Insurance Territory
In the year 2018 the Zambian banking sector witnessed both favourable and unfavourable business environment conditions. Top among notable favourable business environment conditions was the stable and consistent lending interest rates backed by the Bank of Zambia’ monetary policies. However it was during the year 2018 that the Bank of Zambia in its role as […]

BankingMay 9, 2019

Atlas Mara’s ‘ABC’ Banking Corp sends take over signal to market
Atlas Mara Limited, a sub-Saharan African financial services group announced at the end of April that they had entered into a binding term sheet with Equity Group Holdings Plc for the exchange of certain banking assets of the company, according Bloomberg press release published on 30th April 2019. Their assets in Zambia were among the […]

Banking, ZANACO plcApril 25, 2019

Weaker PMI signals weaker economic activity: ZANACO Bank
Zambia’s economic activity deteriorated in March 2019 with the PMI dipping below the benchmark of 50 once again; largely due to decreased demand occasioned by tighter spending patterns of economic agents, according to ZANACO’s Treasury Unit March 2019 Monthly Economic Review and Outlook Report. The gains of February 2019 in Purchasing Manager confidence were quickly […]

Banking, EconomyApril 12, 2019

Mobile money accounts grow by 143 million customers in 2018
On Thursday, United Nations held a State of Digital Financial Services Industry Launch in conjunction with Bank of Zambia to ensure that the opportunities and benefits of digital finance will reach low income people in difficult markets and to give companies in the industry insight into how digital financial services (DFS) are performing in regards […]

Banking, CavmontApril 9, 2019

Cavmont Capital Performance
About the Company The Bank was established on 1 January 2004, following a merger between Cavmont Merchant Bank Limited (incorporated in October 1992), and New Capital Bank Plc., (incorporated in June 1992). In 2006 the Bank’s holding company, Cavmont Capital Holdings Zambia Plc (CCHZ)’, sought a strategic investment partner and identified Capricorn Investment Holdings Limited […