Tue, 10 Jan 2017 14:30:54 +0000 By BUUMBA CHIMBULU THE Zambia National Building Society (ZNBS) has projected the growth of its asset base in 2017 to about K1.1 billion from the current K690 million recorded as at November 2016. And the society has also recorded significant growth in profitability to K20.6 million as at November 2016 from K3.9 million in 2015. ZNBS managing director Joseph Chikolwa has attributed the growth to the increase in loans and advances by 27 per cent from K367 million to K468 million. He was speaking during the official signing ceremony of the Memorandum of Understanding (MoU) between ZNBS and Public Service Management Division (PSMD) for the loan refinancing scheme for public service employees worth K40 million Lusaka yesterday. “Over the last two years, the society has registered steady growth and by the end of 2017/2018 financial year, we anticipate to grow the asset base to about K1.1 billion from […]
