Investrust insolvency hits K750m – BoZ
Published On July 5, 2024 » 760 Views» By Times Reporter » Latest News
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By CHUSA SICHONE –
THE Bank of Zambia (BoZ) says an assessment has revealed that Investrust Bank Plc (In Possession)’s extent of insolvency stood at K749.7 million.
The assessment of Investrust’s insolvency as at April 2, this year, resulted in a capital deficiency of K853.7 million to satisfy the required minimum capital for a local bank.
BoZ assistant communications director Besnat Mwanza said in a Press statement yesterday that the Statement of Affairs of Investrust was concluded and approved by the central bank’s board of directors at a meeting held on July 1, this year.

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