Investrust Bank Plc – Capital Raise
- Fund the cost of opening additional branches in new locations to extend the distribution network across Zambia and strengthen the deposit mobilization programme of the bank;
- Fund the cost of installing additional ATMs and Switch;
- Increase the capital base of the Bank;
- On lend the funds to grow and increase the loan book ; and
- Extend the maturity profile of the loan book from short to medium term.
The funds raised from the Rights Offer will therefore go towards strengthening the bank’s balance sheet to enable it to underwrite more business as well as enhance its service delivery channels, thereby providing a strong platform for future growth.
Investrust Bank Plc – Q1 2011 Results
Investrust’s net interest and other income rose +9.9% year-on-year to ZMK 22,120 mn. Profit-before-tax rose +21% year-on-year to ZMK 2,634 mn.
Ce que l'on conçoit bien, s'énonce clairement, Et les mots pour le dire arrivent aisément. BOILEAU