BoZ takes over investrust
Published On April 3, 2024 » 570 Views» By Times Reporter » HOME SLIDE SHOW, SHOWCASE
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By SHARON KALIMBULA, JAMES KUNDA and ANDREW MULENGA –
THE Bank of Zambia (BoZ) has with immediate effect officially taken possession of the cash-strapped Investrust Bank.
The move is effective from yesterday after the BoZ declared the 28-year-old commercial bank insolvent in accordance with Section 64 of the Banking and Financial Services Act number 7 of 2017.

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