Banking, Investrust Bank PlcNovember 7, 2019

Swanepoel retires! Cavmont Capital announces exit of stalwart Director
Cavmont Capital announced the exit of Johannes Swanepoel from the Bank after 12 years of service as a non-executive director on the Guy Phiri led board. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Cavmont Capital Holdings Zambia Plc wishes to announce the retirement of Mr Johannes Swanepoel […]

Banking, Investrust Bank PlcNovember 7, 2019

Deophine Luswili arrives on the Investrust Bank Board
Investrust Bank has announced the appointment of Deophine Luswili as Non-Executive Director on the Banks board, according to a statement issued on SENS. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listing Rules, the Board of Directors of Investrust Bank Plc (“the Board”) wishes to announce the appointment of Mrs. Deophine Mulenga Luswili […]

Banking, Investrust Bank PlcOctober 13, 2019

Harry exits as CFO at Investrust Bank
The Board of Directors of Investrust Bank Plc has announced the departure of Mr. Harry Mafuta as Chief Financial Officer of the Company effective 10th October 2019.   “The Board would like to thank Mr. Mafuta for his invaluable contribution to the Company over the last 15 years, having first served as Financial Controller from […]

Banking, Investrust Bank PlcSeptember 10, 2019

Still at a loss after tax – Investrust Bank at half-year 2019
Investrust Bank has recorded a loss after tax of K39.74 million for the financial half-year ended 30 June 2019, according to a statement from the bank.   “The Bank recorded a loss after tax of K39.74 million for the half-year ended 30 June 2019 (H1 – 2018: Loss of K33.01 million)”, read a statement issued […]

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, Investrust Bank PlcMarch 27, 2019

Investrust Bank losses three Directors in one announcement; LUSE
In a move that shocked the market, Investrust Bank Plc announced the resignation of three Non-Executive Directors from the bank’s board effective 11th March 2019. As per requirement of the Lusaka Securities Exchange Listing Rules, the board was compelled to make the announcement in accordance with Section 3.59. The exiting Directors included Dr. Moses Banda, […]

Investrust Bank Plc, ZCCM-Investment Holdings PlcApril 12, 2018

ZCCM IH Mandatory Offer – Case of the ‘lonely’ underwriter
It all started with a right offer. Investrust bank needed to raise money. Debt or Equity are usually the choices that premier companies have when it comes to raising finance for whatever reason. The bank chose the latter which involved issue of rights to its existing shareholders that would enable them to buy additional shares […]

Banking, Investrust Bank PlcMay 28, 2017

Investrust Bank: Negative Earnings but still in transition
So much has changed from the time Investrust Bank published its 2016 annual report. For example, Dr Jacob Mwanza’s statement to shareholders cites the BOZ rates that have since been subsequently reduced twice in the first two quarters in 2017. This changes the dynamics of how his bank will perform in a competitive market. However, […]