New bank to boost local firms

MARGARET Mwanakatwe.

THE establishment of the Zambia Industrial Commercial Bank Limited (ZICB) and its subsequent launch yesterday will boost liquidity and participation of local businesses in economic growth.
Minister of Finance Margaret Mwanakatwe said Government will continue partnering with the private sector, especially small and medium enterprises (SMEs), in finding solutions to the challenges facing the country.
Meanwhile, ZICB has assumed over K212 million deposits, and successfully paid about K50 million to former Intermarket Banking Corporation Limited (IBC) customers.
This is out of the K66 million IBC owes its former clients.

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