AB Bank Zambia is a

commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most central point. Its neighbours are t ...

, licensed by the

Bank of Zambia The Bank of Zambia (BoZ), is the central bank of Zambia. Overview The principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country. The Bank is active in promoting financ ...

and by the national banking regulator. It is a member of AccessHolding, a banking group which operates a network of commercial banks and microfinance institutions in developing and transition countries with a target group focus on micro, small and medium-sized enterprises.

Main Location

The headquarters of AB Bank Zambia are located on Chainda Place, in Lusaka, the capital and largest city in the country. The coordinates of the bank's headquarters are: 15°25'23.0"S, 28°17'01.0"E (

Latitude In geography, latitude is a coordinate that specifies the north– south position of a point on the surface of the Earth or another celestial body. Latitude is given as an angle that ranges from –90° at the south pole to 90° at the north pol ...

:-15.423053;

Longitude Longitude (, ) is a geographic coordinate that specifies the east– west position of a point on the surface of the Earth, or another celestial body. It is an angular measurement, usually expressed in degrees and denoted by the Greek lette ...

:28.283612).

Overview

The bank began operations on 18 October 2011, following the

issuance Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling ...

of a commercial banking license by the Bank of Zambia. The bank's

shareholders A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal ow ...

are five international development institutions. The target

clientele In sales, commerce, and economics, a customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange ...

of the bank are Zambian micro,

small and medium-sized businesses Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Ba ...

, who have been left out of the formal economy by the

traditional A tradition is a belief or behavior (folk custom) passed down within a group or society with symbolic meaning or special significance with origins in the past. A component of cultural expressions and folklore, common examples include holidays or ...

commercial banks. The bank also targets low income earners in the country. The bank maintains a facility for small-scale farmers.

Shareholding

The shareholding in the stock of the bank, is as illustrated in the table below: *Note: Incofin is an international development fund that invests in microfinance institutions that serve under-served populations, especially those serving agricultural communities.

Branches

As of April 2016, the bank maintains branches at the following locations: # Cairo Road Branch - Chainda Place, Off Cairo Road, Lusaka Main Branch # Chilenje Branch - Chilenje Shopping Mall, Muraba Road, Chilenje, Lusaka # Matero Branch - B & J Building, Commonwealth Road, Matero, Lusaka # Kalingalinga Branch - Alick Nkhata Road, Kalingalinga # Chelston Branch - Chelston Bazzar Complex, Chelston # Garden Branch - Garden Township, Lusaka. # Kitwe Branch - Kitwe

References

ZamCash Review – Get Loan in 5mins
{{coord, 15, 25, 23, S, 28, 17, 01, E, display=title Banks of Zambia Companies based in Lusaka

Main Location

Overview

Shareholding

Branches

See also

References