Fri, 27 Oct 2017 12:42:41 +0000 By Buumba Chimbulu INDO Zambia Bank (IZB) has been rated one of the most financially stable institution in the banking sector by the Credit Rating Agency Limited (CRA). CRA, which is the only legal credit rating agency in Zambia, has rated IZB AA, a category next to AAA which means the institution is flawless. According to CRA Zambia chairperson, Wilson Kalumba, IZB had emerged as one of the most stable banks in Zambia, outperforming other institutions. Mr. Kalumba, who is also the Lusaka Mayor, said the AA rating reflected a good and stable financial bank. “I am urging banks to exercise high levels of transparency by engaging third parties. Account holders should be concerned with credit ratings for banks. We do not know what ratings some banks are,” Mr Kalumba said. Speaking when he handed over the rating certificate to IZB in Lusaka yesterday, Mr. Kalumba also said regulators […]
