Zambia Industrial Commercial Bank (ZICB) is proud to announce its ‘A’ credit rating, assigned by Premier Rating Services Ltd (PRS), Zambia’s pioneer credit rating agency.
This milestone, unveiled today at a media engagement event at Taj Pamodzi in Lusaka, was attended by our Board of Directors, CEO, management team, and shareholders.
The rating reaffirms ZICB’s financial strength, resilience, and strategic growth, positioning the Bank to access favourably priced credit lines and provide more competitive financial solutions to customers, ultimately benefiting the Zambian economy.
With a strong long-term credit rating, ZICB has been recognised as a reliable and well-capitalised financial institution, reflecting its solid financial position and exceptional leadership team. Since becoming profitable within just three years of operations, we have achieved remarkable growth, with profitability rising from ZMW 3.9 million in 2021 to over ZMW 50 million in 2024.
This achievement is a testament to the unwavering support of our shareholders, Board of Directors, dedicated staff, and loyal customers, who have been instrumental in ZICB’s success. We remain committed to excellence, innovation, and driving economic growth as we shape Zambia’s financial future.
