Bank of Zambia Circular 09/2024: Suspension of Investrust Bank from ZIPSS

[LOGO] BANK OF ZAMBIA OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS

BOZ/EXEC/DGO/psd/bp

April 5, 2024

CB Circular No. : 09/2024

To : All Heads of Financial Service Providers All Heads of Payment System Providers Chief Executive Officer – Bankers Association of Zambia Chief Executive Officer – Zambia Electronic Clearing House Limited

ZAMBIA INTERBANK PAYMENT AND SETTLEMENT SYSTEM – INVESTRUST BANK PLC

Following the Bank of Zambia taking possession of Investrust Bank PLC (Investrust) on April 2, 2024 (CB Circular No. 08 of 2024 – Bank of Zambia Possession of Investrust Bank PLC), please be advised that Investrust has been suspended from participating on the Zambia Interbank Payment and Settlement System (ZIPSS). In this regard, payment instruments for Investrust Bank shall not be processed through this platform.

Participants should, therefore, not accept payment instruments drawn on or in favour of Investrust. Participants should further sensitise their customers accordingly.

Kindly proceed accordingly.

[Signature]

Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS

cc Governor Deputy Governor – Administration Deputy Registrar of Financial Service Providers General Counsel and Bank Secretary Director – Financial Markets Director – Prudential Supervision Director – Banking and Currency Director – Financial Conduct Supervision Director – Information and Communication Technology Chief Executive Officer – Payments Association of Zambia

Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel.+260-211-399303, 399300, E-mail: dgo@boz.zm, Web: http://www.boz.zm