Zambia National Commercial Bank’s Annual Profit Rises 42% to $23.3 Million

Zambia National Commercial Bank (ZANACO) Plc said net income for the 12 months through December increased 42 percent to 112.5 million Zambian kwacha ($23.3 million).

Pretax profit for the period increased to 172.3 million kwacha from 126 million kwacha a year earlier, the lender said in an e-mailed statement today.

The Lusaka-based lender will pay a dividend of 28 kwacha a share.

To contact the reporter on this story: Brian Latham in London at blatham@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.