IBPlc Media Statement Cuttings
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Press Statement On Social Media Reports - 2016
Date: 4th November 2016
For Immediate Release
INVESTRUST BANK Plc PRESS STATEMENT
THIS SERVES to inform Investrust Bank Plc customers and the general public that contrary to the impression created by some sections of the media, particularly some online publications alleging that Investrust Bank Plc faces bankruptcy, the Bank is under no such threat. The Bank has a diverse portfolio of clients and maintains exposures to each sector of the economy within set limits.
The Bank is listed on the Lusaka Securities Exchange (LuSE) and its shareholders include pension funds, private corporations and individuals who number in excess of 600 as at 30th September 2016.
Customers may wish to know that the Bank recently concluded its human capital and operational restructuring aimed at leveraging its retail footprint of 27 branches, three agencies and over 450 agents connected via the recently launched Agency Banking model. Shareholders are committed to the Bank as evidenced by the K40 million raised this year through a Rights Issue. The Bank is making further efforts to raise additional capital before year-end to support its retail strategy from 2017 and beyond.
We wish to reaffirm to our customers that the Bank’s operations are under no threat. Being the only indigenous Bank listed on the LuSE, Management and Staff remain committed to serving customers and delivering value to all stakeholders.
Customers seeking further clarification may contact their nearest branch, through the Branch Manager, or contact Ackim Mwale, Media and Public Relations Manager at Head Office in Lusaka on 0211 294464, 0965 774 168 or 0977 774 169..