Zambia
Zambia National Commercial Bank Plc Overview
Zambia National Commercial Bank Plc (Zanaco) is a leading provider of banking and financial services in Zambia, serving individuals, businesses, and government sectors. Established in 1969 and headquartered in Lusaka, the bank operates through a widespread network of branches, ATMs, POS machines, and digital channels.
Business Segments
- Retail Banking: Offers private banking, savings products, consumer loans, mortgages, debit cards, and safe custody services.
- Digital Banking: Provides internet banking, mobile banking, merchant services, and Zanaco Xpress for seamless transactions.
- Corporate Banking: Delivers corporate and investment banking solutions, including loans, overdrafts, foreign currency services, and direct debit facilities.
- Business Banking: Supports SMEs and high-growth start-ups with tailored financial advice and solutions.
- Treasury Management: Handles government securities, foreign exchange transactions, open market operations, and placements.
Key Services
- Personal, auto, term, and working capital loans.
- Trade, project, syndicate, and supply chain financing.
- Bancassurance and credit card services.
- Cash management solutions for businesses.
Market Presence
Zanaco serves a diverse clientele, including individuals, corporate entities, government agencies, and the agricultural sector. The bank maintains an extensive operational footprint with multiple branches, agencies, ATMs, and digital banking platforms.