Investrust Bank Plc., commonly known as Investrust Bank, is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are ...

. It is

licensed A license (or licence) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another party (licensee) as an element of an agreeme ...

by the

Bank of Zambia The Bank of Zambia (BoZ), is the central bank of Zambia. Overview The principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country. The Bank is active in promoting financ ...

, the

central bank A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a centra ...

and national banking regulator.

Location

The

head office Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

of the bank is in Ody's Building, along

Great East Road The Great East Road is a major road in Zambia and the main route linking its Eastern Province with the rest of the country. It is also the major link between Zambia and Malawi and between Zambia and northern Mozambique.Terracarta: ''Zambia, 2nd ...

, 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 Lusaka (; ) is the capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was about 3.3 milli ...

, the largest city and

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used fo ...

of Zambia. The

geographical coordinates The geographic coordinate system (GCS) is a spherical or ellipsoidal coordinate system for measuring and communicating positions directly on the Earth as latitude and longitude. It is the simplest, oldest and most widely used of the various ...

of the bank's main branch are: 15°25'23.0"S, 28°16'46.0"E (

Latitude In geography, latitude is a coordinate that specifies the north– south position of a point on the surface of the Earth or another celestial body. Latitude is given as an angle that ranges from –90° at the south pole to 90° at the north po ...

:-15.423056;

Longitude Longitude (, ) is a geographic coordinate that specifies the east– west position of a point on the surface of the Earth, or another celestial body. It is an angular measurement, usually expressed in degrees and denoted by the Greek let ...

:28.279444).

Overview

, Investrust Bank was a medium-sized financial services provider in

. It had under its control, assets totaling ZMW:1.284 billion (US$129.7 million), with

shareholders' equity In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $ ...

valued at ZMW:115.32 million (US$11.64 million).

History

The bank was founded in 1996, registering as a

corporate entity A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...

, 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 The Lusaka Stock Exchange (abbreviated to LuSE) is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association. As of 14 April 2022, the LuSE has 25 listed comp ...

(LUSE) for the first time. In 2007 the bank's stock became fully listed on the LUSE.

Ownership

Investrust bank is a public company whose

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

is publicly traded on the

. The detailed shareholding in the bank was as depicted in the table below, as of 31 December 2016.

Branch Network

, the bank maintained a network of branches at the following locations: # Head Office: Ody's Building, Great East Road,

# Lusaka Main Branch: Investrust House, 4527/8 Freedom Way, Lusaka # Savings Centre Branch: Investrust House, 4527/8 Freedom Way, Lusaka # Kenneth Kaunda International Airport Agency:

Lusaka International Airport Kenneth Kaunda International Airport is an international airport located in Chongwe District, off the Great East Road, approximately northeast of the city centre of Lusaka, the capital and largest city of Zambia. The airport has a capacity ...

, Lusaka # Arcades Branch: Shop Number 32, Great East Road, Lusaka # Mulungushi Branch: Mulungushi House, Ridgeway, Lusaka # Industrial Branch: 13969 Chandwe Musonda Road, Lusaka # Soweto Branch: Off of Los Angeles Road, Stand Number 67, New Soweto Market, Lusaka # Kafue Road Branch: 14093 Kafue Road, Lusaka # Manda Hill Branch: Manda Hill Shopping Centre, Corner of Great East Road & Manchinchi Road, Lusaka # Levy Business Park Branch: Shop Number F06 & F08 Levy Business Park, Lusaka # Mumbwa Road Branch: 284/132/34 Unit 5, Mumbwa Road, Lusaka # Chililabombwe Branch: 72 Independence Avenue, Town Centre,

Chililabombwe Chililabombwe (formerly named Bancroft) is a small town in Copperbelt Province, Zambia. It is located near the Democratic Republic of the Congo border. The name Chililabombwe means 'place of the croaking frog' in the local language of Lamba. The ...

# Chingola Branch: Civic Centre Building, Kabundi Road,

Chingola Chingola is a city in Zambia's Copperbelt Province, the country's copper-mining region, with a population of 216,626 (2010 census). It is the home of Nchanga Copper Mine, a deep-shaft high-grade content copper mining operation, which subsequent ...

# Chipata Branch: 1783 Parenyatwa Road,

Chipata The city of Chipata is the administrative centre of the Eastern Province of Zambia and Chipata District. It was declared the 5th city of the country, after Lusaka, Ndola, Kitwe and Livingstone, by President Edgar Lungu on 24 February 2017. The ...

# Mwami Border Agency: Chipata # Chirundu Branch: Units 39/40 & 51/52, Clearing Agents Building, Chirundu OSBP, Chirundu Border Road, Chirundu # Choma Branch: 398 Livingstone Road, Choma # Copperbelt University Branch: Main Campus,

Copperbelt University The Copperbelt University is a public university in Kitwe, Zambia. It is the second largest public university after The University of Zambia. The language of instruction at the university is English. Overview The Copperbelt University is a public ...

, Riverside,

Kitwe Kitwe is the third largest city in terms of infrastructure development (after Lusaka and Ndola) and second largest city in terms of size and population (after Lusaka) in Zambia. With a population of 517,543 (''2010 census provisional'') Kitwe is ...

# Freedom Avenue Branch: Freedom Avenue, Kitwe # Kabwe Branch: 1549 Kabwe Municipal, Revenue Hall, Freedom Way,

Kabwe Kabwe is the capital of the Zambian Central Province and the Kabwe District, with a population estimated at 202,914 at the 2010 census. Named Broken Hill until 1966, it was founded when lead and zinc deposits were discovered in 1902. Kabwe also ...

# Kitwe Branch: 14 Obote Avenue,

# Livingstone Branch: 103 Mosi-0-Tunya Road,

Livingstone Livingstone may refer to: * Livingstone (name), a Scottish surname and a given name. **David Livingstone (1813–1873), Scottish physician, missionary and explorer, after whom many other Livingstones are named Places *Livingstone Falls, on the Con ...

# Nkumbula International Airport Agency:

Harry Mwanga Nkumbula International Airport Harry Mwanga Nkumbula International Airport , formerly Livingstone Airport (ICAO: FLLI), is an international airport on the northern edge of Livingstone, Zambia. The airport is named after Harry Mwanga Nkumbula, who was a leader of the Zambi ...

, Livingstone # Luangwa Branch: Luangwa # Lumwana Branch:

Lumwana Lumwana '' is a mining town located in Mwinilunga District, within the North-Western Province of Zambia. Geography The town is located on the T5 Highway, approximately , by road, west of Solwezi and east of Mwinilunga. Lumwana is approxima ...

# President Avenue Branch: 93902 Z–Mart Mall Building, President Avenue,

Ndola Ndola is the third largest city in Zambia and third in terms of size and population, with a population of 475,194 (''2010 census provisional''), after the capital, Lusaka, and Kitwe, and the second largest in terms of infrastructure development aft ...

# Buteko Avenue Branch: Stand Number 3371, Ndola # Solwezi Branch: 23/24 Independence Avenue,

Solwezi Solwezi is a town in Zambia. It is the provincial capital of the mineral-rich North-Western Province. Solwezi is also the administrative capital of Solwezi District, one of the eleven districts in the North-Western Province. Location Solwezi ...

# Mongu Branch: 1868 Independence Road,

Mongu Mongu is the capital of Western Province in Zambia and was the capital of the formerly-named province and historic state of Barotseland. Its population is 179,585 (2010 census), and it is also the headquarters of Mongu District. History Mon ...

Governance

Mr. Peter Banda, a non-executive board member is the Chairman of the Board of Directors. Simangolwa Shakalima serves as the

Managing Director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especial ...

References

External links

Website of Investrust Bank Plc

Website of Bank of Zambia

{{coord, 15, 25, 23, S, 28, 16, 46, E, display=title Banks of Zambia Companies based in Lusaka Banks established in 1996 1996 establishments in Zambia Companies listed on Lusaka Stock Exchange