Indo Zambia Bank (IZB) has announced a dividend payout of K160 million to its shareholders following a strong performance for the 2025 financial year.
Following the bank’s 41st Annual General Meeting, Board Chairperson Dr. Michael Gondwe said the bank’s results demonstrated steady progress and sound management.
Out of the total dividend declared, the Industrial Development Corporation (IDC), which holds a 40% stake in the bank, will receive K64 million. This is an increase from the K60 million paid in the previous year. The remaining shareholders namely Bank of Baroda, Bank of India, and Central Bank of India, each hold 20% and will receive K32 million apiece.
Dr. Gondwe noted that the bank performed well despite facing economic pressures such as currency volatility, high inflation, and tight liquidity conditions. He attributed the performance to strong operational discipline and consistent strategic direction.
The bank recorded a profit before tax of K1.35 billion, up from K1.04 billion in 2024. Profit after tax also rose to K932.8 million from K724 million in the previous year.
IZB’s total assets grew by 30% to K27.0 billion, compared to K20.85 billion in 2024. This growth was largely driven by an increase in lending, with the loan book expanding to K10.19 billion from K6.54 billion. The bank continued to support key sectors such as agriculture, manufacturing, mining, energy, real estate, and personal banking.
Customer deposits also increased substantially to K21.47 billion from K16.12 billion, indicating growing public confidence in the bank. Investment securities stood at K5.84 billion, supporting liquidity and returns.
IZB Managing Director Mr. Brajesh Kumar Singh said the bank remains focused on expanding its market presence and investing in digital solutions to better serve customers.
“By focusing on operational excellence, customer-centric solutions, and digital transformation, we have laid a strong foundation for continued growth and resilience,” Mr. Singh said.
IDC Chief Executive Officer Mr. Cornwell Muleya praised the bank’s performance, saying the dividend would support national development through reinvestment in key sectors.
Mr. Muleya said as a shareholder, IDC expected the Bank to sustain the positive trajectory by maintaining prudent risk management, strengthening its competitive position, and continuing to deliver consistent and high-quality earnings.
“The declaration of a dividend of ZMW 160 million reflects a balanced approach to profitability, capital management, and shareholder value creation,” he said.
