Financial Highlights
The Group delivered a strong financial performance for the year, with a profit of K2 billion representing 11% (K205 million) growth year on year. The performance was supported by 10% (K571 million) growth in operating income and 112% (K216 million) reduction in impairment losses on account of prudent credit risk management and recoveries made on non-performing loans. Growth in total operating income was driven by 7% (K425 million) increase in interest income and 20% (K113 million) in fees and commission, supported by higher transaction volumes across the Bank’s digital platforms.
Total operating expenses increased by 15% (K428 million) mainly on account of Inflationary impact on the cost of doing business. Management remains focused on strengthening cost-management initiatives and maintaining rigorous oversight to ensure that expenditure continues to deliver enhanced value for both customers and shareholders.
The performance in the year was anchored on a resilient balance sheet with a total asset base of K58 billion, year on year growth of 21% (K10 billion). Total assets mainly comprised of cash and balances with Bank of Zambia – K11.2 billion (year on year growth of 17%), balances with other banks – K5.6 billion (year on year growth of 162%), Trading assets – K3.5 billion (year on year growth of 55%) and loans and advances – K23.7 billion (year on year growth of 19%). Total liabilities rose by 20% (K8.7 billion) attributable to the growth in customer deposits which grew by 25% (K9 billion), closing the year at K45.1 billion.
Capital
The Group continued to strengthen its capital position through sustainable generation of profits, reinforcing both regulatory compliance and the protection of shareholder value. As at 31st December 2025, the Group Capital Adequacy Ratio was 22.23%, above the set minimum regulatory capital.
Future Outlook
The Group successfully upgraded its core banking system, strengthening system resilience and data integrity, while reinforcing its customer-centric approach and ensuring full compliance with regulatory requirement. The Group continues to align its operations to remain future fit and operate in a sustainable manner to preserve shareholder value.
By Order of the Board
KALUBA G KAULUNG’OMBE-INAMPASA
COMPANY SECRETARY
Issued in Lusaka, Zambia on 4 March 2026
Related Download
Zanaco Summarised Audited Results for the period ended 31 December 2025.pdf
