The Zambia Industrial Commercial Bank (ZICB) today proudly handed over its first-ever dividends, totaling K9 million, to its shareholders during a media breakfast held in Lusaka.
The ceremony was attended by shareholders from NAPSA, IDC, WCFCB, Mahdi Manufacturers, Guardian Insurance Brokers, together with the ZICB Board and Management team.
Speaking during the event, ZICB Board Chair, Danny Luswili, highlighted the Bank’s strong performance and commitment to building local wealth through a fully Zambian-owned financial institution.
“This achievement reflects disciplined governance, prudent financial management, and the collective efforts of our Board, Management, staff, and most importantly, our loyal customers and shareholders,” he said.
Luswili further noted that the dividend payout represents 30% of the Bank’s Net Profit After Tax, amounting to K31 million for the financial year ended December 2024.
Meanwhile, NAPSA Director General, Muyangwa Muyangwa, who spoken on behalf of the shareholders, emphasised that the K5.8 million dividend received by NAPSA is a testament to the vision behind supporting the establishment of a Zambian bank focused on innovation, expanding access to credit, and empowering local SMEs.
“ZICB is more than just a bank, it is a development partner supporting citizens and a key player in driving national economic growth.
“The dividend we receive today reflects ZICB’s sound governance, steady growth, and commitment to the country.
“To our clients, partners, regulators, and staff, thank you for walking this journey with ZICB. Every milestone we celebrate today is a reflection of your trust, hard work, and unwavering loyalty,” he said.