Zanaco Bank Chief Executive Officer: Bruce Dick

Financial Performance (IFRS)
  • Strong Revenue growth
  • Costs under control
  • Increased SRR caused;
    • Unwinding longer dated investments at a time when market conditions were tight resulting in exceptional loss
    • K 441 million in liquidity to be transferred to BoZ
    • Reduction of investable funds thus impacting overall asset growth
    • Deposits and Assets down due to;
    • Focus on resolving post implementation issues of the new core banking system
    • Sell down of investment assets
  • However,
    • Efficiency trending in the right direction
    • Equity remains strong
  • Invested in capacity for further sustained business growth

Presentation to the domestic institutional investors

Related Links