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Indo Zambia Bank

Mission statement:

To act as a catalyst for the economic development of Zambia

Vision:

To become the bank of choice for all retail and corporate customers

History:

Indo Zambia Bank was incorporated in October, 1984 as a joint venture Bank between the Government of the Republic of Zambia and the Government of India represented through its three large Public Sector Banks: Bank of India, Bank of Baroda and Central Bank of India, each contributing 20% share capital with the remaining 40% contributed by Government of the Republic of Zambia which is currently held by the Ministry of Finance and National Planning.

The Bank opened its door to the public for the first time on 24th December, 1984. The support of two Governments has also imparted good strength to the joint venture. The Bank enjoys tremendous customer confidence and is considered one of the most secure and customer friendly Banks in Zambia.

In an intensively competitive banking industry, Indo-Zambia Bank Ltd has made several significant contributions to the Zambian economy. The Bank is truly acting as a catalyst for the economic development of Zambia consistent with its founding principles and mission. The bank has designed innovative schemes and products that cater to the requirements of all sections of the Zambian economy/ society whether it is Agriculture, Mining, Tourism, Trade, Manufacturing, SME, Real Estate etc.

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