PRESIDENT HICHILEMA HAILS IDC INVESTEE INDO ZAMBIA BANK
President Hakainde Hichilema has hailed the positive financial performance of Indo-Zambia Bank (IZB) over the last 39 years of its existence, attributing its success to the synergies of both Zambia and India in achieving economic growth. The bank, currently the fifth best in the country by profits, was established in October 1984 and is 40% owned […]
Indo Zambia Bank pays K30 million Dividend to IDC
IDC GROUP CEO TOASTS INDO-ZAMBIA BANK 2020 SUCCESS STORY Industrial Development Corporation (IDC) Group Chief Executive Officer Mr. Mateyo Kaluba has commended Indo Zambia Bank (IZB) for the positive performance the Bank achieved in the financial year 2020 despite difficult times arising from the COVID-19 pandemic. Mr. Kaluba said the success narrative of the bank […]
PARASTATAL PERFORMANCE BETTER UNDER IDC, SAYS HON DAKA
Chairperson of the Parliamentary Committee on Parastatal Bodies, Hon Peter Daka, has reiterated the need for companies in the Industrial Development Corporation (IDC) to continue the transformation journey towards sustainable profitability. Hon Daka, who is also Msanzala Constituency Member of Parliament, said there was marked improvement in the performance of parastatal bodies since they were […]
IDC Signs Shareholder Agreement with INDO Zambia Bank
IDC Group CEO Mr Mateyo Kaluba has expressed confidence that the Shareholder’s agreement signed today between the IDC, Bank of Baroda, Bank of India and Central Bank of India reaffirms a long standing relationship between the four shareholders. He said the agreement clarifies the roles and expectations of the respective parties, preserves mutual understanding and […]
Indo-Zambia Bank declares K24 million dividend to shareholder – IDC
Indo-Zambia Bank, has declared K24 million dividend to its shareholder the IDC for the financial year ended 31st December 2018. Speaking during a media brief before the cheque handover, Indo- Zambia Bank Chairperson, Mrs. Orlean Moyo disclosed, the bank recorded 37.9% growth in operating profit from K182m (2017) to K251m (2018) with net profit recording […]