Zanaco records K1bn profit after tax
Published On February 4, 2022 » 982 Views» By Times Reporter » Business, Stories
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• ZANACO Plc head of innovation and strategy Sydney Sichula (left), chief commercial officer Chali Mwefyeni, head client solutions, marketing and corporate communications Chanda Chime Katongo and acting chief financial officer Itwi Kalaluka addressing journalists in Lusaka yesterday. Picture By MAIMBOLWA MULIKELELA.

By MAIMBOLWA MULIKELELA –
ZAMBIA National Commercial Bank (Zanaco) Plc recorded a Profit After Tax (PAT) of K1 billion in 2021, the highest ever achieved by any financial institution in Zambia.
This becomes the largest profit for the bank, which has in the last five years posted solid results, Zanaco chief executive officer Mukwandi Chibesakunda said at a media briefing in Lusaka yesterday.
According to the 2021 financial results, the bank’s revenue increased to K3.9 billion from K2.4 billion the prior year.

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