By BUUMBA CHIMBULUZAMBIA Industrial Commercial Bank (ZICB)’s deposits have risen to about K1.1 billion for the nine months period ending September this year compared to K63 million in 2018.The growth in deposits represents an increase of 104 per cent, according to Chief Financial Officer Louis Kabula.Addressing journalists in Lusaka yesterday to mark the bank’s third anniversary, Mr Kabula said ZICB also posted a profit before tax of K5million as at September this year, coming from a loss of K12 million in 2018.Mr Kabula explained that the bank was able to record a profit before tax because of the improved cost managements as well as operations through promotion of digital platforms.ZICB has been encouraging its clients to adopt digital platforms to enable them do their banking without visiting the branches.In the period under review, the bank was able to disburse a total of K327 million to its clients including local corporate and Small and Medium Entrepreneurs […]
ZICB DEPOSITS RISE TO K1.1BN
