Indo Zambia Bank reports profit after tax of K932.8 million, declares K160 million dividend

Indo Zambia Bank (IZB) has reported a profit before tax of K1.35 billion for the 2025 financial year, up from K1.04 billion in 2024, and a profit after tax of K932.8 million, as the lender maintained strong performance despite currency volatility and tightening liquidity conditions.

The bank declared a total dividend of K160 million to the Zambia Industrial Development Corporation (IDC).

Addressing journalists in Lusaka on Monday, the bank said customer deposits rose to K21.47 billion from K16.12 billion, reflecting continued public confidence.

Announcing the results, IZB board chairperson, Michael Gondwe, said the bank remained well-capitalised, with shareholders’ equity rising to K3.87 billion from K2.89 billion in 2024.

“Regulatory capital ratios continue to exceed statutory requirements by a considerable margin, with the Tier I capital ratio at 23.75 percent against a minimum of five percent, and the total capital ratio at 24.33 percent compared to a minimum threshold of 10 percent,” he said.

IZB Managing Director, Brajesh Kumar Singh, attributed the performance to the bank’s focus on expanding market presence, strengthening operations, and investing in distribution channels.

“Our commitment is to help drive growth, create jobs and foster innovation across Zambia,” Singh said, noting the bank’s support for energy projects and oil marketing companies under the open access regime.

IDC Chief Executive Officer, Cornwell Muleya, said the dividend reflected a balanced approach to profitability, capital management, and shareholder value creation.

“This dividend contributes directly to IDC’s mandate of delivering returns on behalf of the Zambians while enabling reinvestment into priority sectors that drive economic diversification and long-term national development,” Muleya said.

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