This is the third consecutive year that the FNB bank is recording profitability.
The FNB Chief Financial officer Ackim Chalwe noted that the bank’s performance remained strong despite a high interest environment and tight monetary policy.
Mr. Chalwe explained that the FNB managed to grow advances by 24 % supported by a 21% growth in deposits over the period from 1.9 billion kwacha to June 2014 to 2.3 billion in December 2014.
Further, the FNB Chief Financial Officer disclosed that the total assets of the bank grow by 26 % and investment by 45% respectively.
The annualised income statement saw net interest income and net interest revenue grew to 35% while profits before tax and profit after tax grew to 33% and 32% respectively.
Mr. Chalwe stated that the bank’s growth and profit accrued is anchored around the use of ICT such as electronic banking system and innovation.
And FNB Zambia Chief Executive Officer John Maree said he is confident the bank will continue to grow its footprints in the country.
Mr Maree announced in a press statement that three more branches will be opened before the end of June, 2015 and the bank will increase its ATM network expansion.
He pointed out that the bank will continue to push boundaries and growing the customer base through e-solutions.