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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

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