Four Awards Bundled By Indo Zambia Bank

INDO Zambia Bank (IZB) has bundled four awards, with two of them scooping the first prizes in the best dividend payer and best Corporate Governance Compliant enterprise categories under the Industrial Development Corporation (IDC) group.

Other awards scooped are the highest dividend declared enterprise and best performing enterprise in the second and third categories respectively.

These awards were presented at the 5th IDC Annual Group Conference in Livingstone on 27th November, 2021.

In an interview, IZB Managing Director Mr. Kowdichar Shashidhar said that the Awards were a great source of encouragement to the entire IZB Team who have dedicated all the efforts to the maximizing shareholder value and serving the best interests of all stakeholders.

Mr Shashidhar added that, the awards were yet a testament of the compelling capabilities of the IZB Brand asserting that, IZB has trully been fulfilling its mandate and meeting the expectations of the shareholders and stakeholders, driven by its focus on formulation and effective implementation of measured strategies.

“Our working Philosophy is firmly anchored on our Core Values and on Customer Sovereignty along with strict compliance to the highest corporate governance tenets and unrelenting execution for strategy,” he said.

Mr. Shashidhar, stressed that the Bank has a very strong organizational performance culture founded on solid Corporate Governance pillars which culture in a vital factor in the success of the Bank and sustained growth and development.


“IZB is not only supporting businesses and individuals to succeed in reaching their financial goals, but we are also enabling the best and convenient banking experience for our customers, we have invested sustainably in our digital platform which has enabled us develop and launch technologically driven products and services such as E-commerce, Contactless Visa Cards, Point of Sale Machines, ZamPortal, Cash Recycling ATMs, Indo Mobile and IndoNet banking,” he said.

Mr. Shashidhar dedicated the four awards to ALL the customers of IZB for the continued trust and loyalty to the Bank and to ALL the staff members for being dedicated to the growth and development of the institution.

He pledged that IZB would continue to ride on innovations and customer sovereignty to sustain its competitive advantage. 

Mr. Shashidhar also indicated that the Bank has over the past 37 years of its existence demonstrated its commitment to society through different initiatives such as rendering support to start-up Small and Medium Enterprises (SMEs) and self-help groups at the grassroots level of the society as well as recruitment of fresh young graduates.

He added that, the future looks extremely bright for IZB as the Bank’s strategic focus and Core values resonates with the new dawn government’s agenda for economic growth and thus Indo Zambia Bank Limited will be a reliable partner of the government in spurring economic growth and employment creation.

“This is evidenced by the fact that IZB has been a reliable partner in fostering the growth of the economic with our credit portfolio exceeding K3.3 billion in direct financing to vital sectors of the economy such as agriculture, mining, manufacturing and tourism, which is illustrative of the Bank fulfilment of our Brand Promise of Supporting You, Developing Zambia,” he said.

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