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Indo-Zambia Bank declares K22.2 million dividend

KABANDA CHULU and CHOMBA MUSIKA, Lusaka
INDO-ZAMBIA Bank (IZB) yesterday declared a K22.2 million dividend to Government through the Industrial Development Corporation (IDC) following the financial institution’s exceptional performance last year.The total income of the bank increased to K590 million as at December 31, 2017, from K478 million over the same period in 2016.
This enabled the bank to record a growth rate of 23 percent while the total interest income rose to K470 million compared to the K375.6 million recorded in 2016.http://epaper.daily-mail.co.zm/

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