Tue, 28 Feb 2017 10:54:41 +0000 By NATION REPORTER The Bank of Zambia has announced that as a result of the financial commitments from the shareholders and new equity partner, the Statement of Affairs of the Assets and Liabilities shows that Intermarket Banking Corporation Zambia Limited (IBC) is now solvent. The Bank has therefore decided to restructure IBC . This means that the bank may soon be opened for operations. The Bank of Zambia has however said depositors, creditors and the general public will, be advised on the further steps to be taken by the Bank in the process of effecting the restructuring of IBC in line with the relevant provisions of the BFSA. The bank further explained that following the possession of Intermarket Banking Corporation Zambia Limited (IBC) on 28 November 2016, the Bank of Zambia (the Bank) had prepared a Statement of Affairs of the Assets and Liabilities of IBC within […]
