March 24, 2017 7:57 AM ET

Banks

Company Overview of Investrust Bank Plc

Company Overview

Investrust Bank Plc provides commercial and retail banking services in Zambia. The company operates through two segments, Retail Banking and Corporate Banking. It offers various deposit products, including current/demand, cheque savers, foreign currency, fixed deposit, investsave, investrust wealth builder and premium, business, and sole proprietor accounts, as well as EazeSave and Eaze Business accounts. The company also provides short to medium term finance for project and working capital requirements; contractual or project security through the issuance of guarantees, bid bonds, performance bonds, and advance payment bonds; and lease financing for movable and immovable assets in the agric...

Ody’s Building

Plot No. 19028/19029

Great East Road

PO Box 32344

Lusaka,  

Zambia

Founded in 1996

514 Employees

Phone:

260 211 294682

Fax:

260 211 294659

Key Executives for Investrust Bank Plc

Investrust Bank Plc does not have any Key Executives recorded.

Investrust Bank Plc Key Developments

Investrust Bank plc Appoints Simangolwa Shakalima as MD, Effective November 2016

Investrust Bank Plc has hired a new chief for its operations. Simangolwa Shakalima was hired as MD to the bank and the appointment is effective November 2016. Shakalima is to take the place of Dr. Richard Chembe who had retired from the bank. Shakalima has more than 17 years of experience in the retail banking industry.

Investrust Bank PLC Announces Directorate Changes

Investrust Bank PLC announced the appointment of Dr. Richard K. E. Chembe as managing director with effect from 1st May 2015 subject to Bank of Zambia approval. Dr. Chembe will take over from Mr. Friday Ndhlovu who will retire from the only listed indigenous Bank on 31st May 2015, as announced at the Bank's 24th annual general meeting held on 2nd April 2015. Dr. Chembe has extensive experience in the Banking and Financial Services sector having worked in various senior management portfolios at the Bank of Zambia and the International Monetary Fund. He also served as the special assistant for economic and development affairs to the 4th president of the republic of Zambia.

Investrust Bank Plc, Annual General Meeting, Apr 02, 2015

Investrust Bank Plc, Annual General Meeting, Apr 02, 2015., at 07:30 GMT Standard Time. Location: THE RADISSON HOTEL, ALONG GREAT EAST ROAD. Agenda: To confirm, adopt and sign the Minutes of the 23rd Annual General Meeting held on 31st March, 2014; to approve the audited financial statements for the year ended 31st December 2014; to approve the Directors' recommendation on the declaration of dividends; to approve the Directors' remuneration; to elect Directors; to appoint External Auditors of the Company for the year ending 31st December 2015 and to authorize Directors to set their remuneration; to renew the resolutions authorizing the Directors to issue new shares via a Rights Offer; and to transact any other ordinary business as may properly be transacted at an Annual General Meeting of the Company and for which due notice would have been given.

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Recent Private Companies Transactions

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