Indo Zambia Bank Reports Record Profit Growth, Unveils K160 Million Dividend
Indo Zambia Bank (IZB) has announced a dividend payout of K160 million to its shareholders after delivering a robust financial performance for the 2025 financial year.
Speaking after the bank’s 41st Annual General Meeting, Board Chairperson Dr. Michael Gondwe said the results reflect steady growth and prudent management despite a challenging economic environment.
Of the total dividend, Industrial Development Corporation (IDC), which holds a 40 per cent stake, will receive K64 million—up from K60 million in the previous year. The remaining shareholders—Bank of Baroda, Bank of India, and Central Bank of India—each holding 20 per cent, will receive K32 million apiece.
Dr Gondwe noted that the bank’s performance was achieved amid currency volatility, elevated inflation, and tight liquidity conditions, attributing the success to disciplined operations and consistent strategic execution.
Financial results show profit before tax rising to K1.35 billion from K1.04 billion in 2024, while profit after tax increased to K932.8 million from K724 million. Total assets grew by 30 per cent to K27.0 billion, driven largely by an expanding loan book, which rose to K10.19 billion from K6.54 billion.
The bank continued to support key sectors including agriculture, manufacturing, mining, energy, real estate, and personal banking. Customer deposits also recorded significant growth, increasing to K21.47 billion from K16.12 billion, signalling strengthened public confidence.
Managing Director Brajesh Kumar Singh said IZB remains focused on expanding its market footprint and investing in digital solutions to enhance customer experience.
Meanwhile, IDC Chief Executive Officer Cornwell Muleya commended the bank’s performance, noting that the dividend would contribute to national development through reinvestment.
He added that IDC expects the bank to maintain its upward trajectory through prudent risk management, sustained competitiveness, and consistent delivery of strong earnings.
“The declaration of a dividend of ZMW 160 million reflects a balanced approach to profitability, capital management, and shareholder value creation,” Mr Muleya said.
