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Zambia Industrial Commercial Bank Limited (ZICB) has acquired 16 branch locations of Investrust Bank Plc to ensure seamless service delivery to the customers

This follows the announcement made by the Bank of Zambia on Tuesday, July 9, 2024, that it had entered a Purchase and Assumption Transaction with the local bank as part of the resolution of Investrust Bank Plc.

In a statement availed to RCV News in Lusaka today, ZICB Acting Chief Executive Director, Louis Kabula, said the Bank is pleased to have concluded the transaction with the Central Bank in record time to allow former customers of Investrust Bank Plc to continue banking with ZICB.

Mr. Kabula has advised new customers to allow the Bank to put in place operational processes in readiness for the opening of the branch locations on 15th July 2024.

He said before the official opening, the Bank will share as much information as possible with the customers to ensure a smooth transition process.

Dr. Kabula has further commended government, through the Bank of Zambia, for providing funding support to primarily safeguard financial system stability and protect banking sector depositors.

“ZICB exists to provide solutions to the banking problems that Zambians are facing on a daily basis”, said Dr. Kabula.

By Margaret Mwanza