By BUUMBA CHIMBULUDIVIDENT amounting to K8 million has been declared by the Zambia National Building Society (ZNBS) to the shareholders for the financial year 2020 to 2021, as its capital adequacy shoots to over K200 million.Considering the strong financial performance of the Society, the Board of Directors has declared K8million dividend to be paid to the shareholders of the ZNBS, according to the Society Chairman, David Nama.Dr Nama indicated that ZNBS’s capital adequacy during the financial year 2020 to 2021 closed on a strong note.The capital adequacy for the Society increased to over K200 million.“Our capital position remained strong, with our capital adequacy ratio closing at 49 percent compared to previous year ratio 35 percent and Bank of Zambia minimum requirement of 15 percent.“This a solid base for the Society’s growth plans,” Dr Nama said yesterday in Lusaka at a press briefing.Dr Nama stated that operating profit increased by more than 100 percent, supported by […]
ZNBS declares K8 million dividend
