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The bank was founded in 1996, registering as a corporate entity, receiving a banking license and commencing banking operations during that year. In the beginning, the institution was privately held and was known as Investrust Merchant Bank Zambia Limited. In 2002, the bank's name was changed to Investrust Bank Limited.
Investrust Bank Plc; ZCCM-IH has 10,07% shareholding in Investrust (494,00,000 shares / 4,901,500,000) Mopani Copper Mines Plc (MCM) ZCCM-IH acquired 90% shareholding of MCM previously held by Glencore Corporation through Carlisa Investment Corporation (73.1%) and First Quantum Mining (16.9%), giving ZCCMIH 100% control of Mopani.
During the year 2024, two entities delisted from the Exchange namely Taj Pamodzi Hotel and Investrust Bank Zambia Limited. During 2024 fiscal year the LuSE listed its first Real Estate Investment Trust (REIT) which was listed in USD. As things stand as of November 2024. The LuSE operates a multi-currency listings of both USD and Zambian Kwacha.
It provides mobile banking services through its partner bank, Choice Financial Group. Current was founded by Stuart Sopp at June 2015. [ 2 ] In 2020, the Wall Street Journal reported a valuation of $750 million, and reported that Current "is the latest beneficiary of this trend [toward mobile consumer banking]".
The company was launched in 2005 as Inland American Real Estate Trust. [2]In 2012, Inland Western completed an initial public offering. [3] [4]As of February 2014, the company was the largest non-publicly traded real estate investment trust in the United States.
A branch of Investrust Bank — A medium-sized commercial bank, licensed by the national banking regulator, the Bank of Zambia. Lumwana Premier Resort — a hotel in Manyama, near the Lumwana Copper Mine, and within an hour's drive of Solwezi and Kalumbila.
The minimum age for opening a bank account is most commonly 18 years. However, in some countries, the minimum age to open a bank account can be 16 years, and accounts may be opened in the name of minors but operated by their parent or guardian. In general, it is unlawful to open an account in a false name.
A vostro is our account of other bank / "Foreign Bank's" money, held by us (by your country's bank) A vostro account is a record of money held by a bank or owed to a bank by a third party (an individual, company or bank). The nostro account is a way of keeping track of how much of the bank’s money is being held by the other bank. This is ...