Daily Nation Newspaper

IZB in four IDC awards

- By BUUMBA CHIMBULU

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 November 27, 2021.

In an interview, IZB Managing Director Mr. Kowdichar Shashidhar said 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.

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.

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.

 ?? ?? From right to left: IZB Board Chair Michael Gondwe, Secretary to the Treasury, Felix Nkulukusa, IZB Managing Director Kowdichar Shashidhar, IDC CEO Mateyo Kaluba, Ministry of Finance Permanent Secretary for Budget and Economic Affairs Mukuli Chikuba, and IDC Board member David Kombe at the awards ceremony in Livingston­e recently.
From right to left: IZB Board Chair Michael Gondwe, Secretary to the Treasury, Felix Nkulukusa, IZB Managing Director Kowdichar Shashidhar, IDC CEO Mateyo Kaluba, Ministry of Finance Permanent Secretary for Budget and Economic Affairs Mukuli Chikuba, and IDC Board member David Kombe at the awards ceremony in Livingston­e recently.

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