African Investor Relations

Zambia National Commercial Bank Plc (Zanaco)

Zambia National Commercial Bank Plc (Zanaco), incorporated in Zambia, is a registered commercial bank whose principal activity is to provide banking and financial services in Zambia. In November 2008, Zanaco successfully listed on the Lusaka Stock Exchange (LuSE).

Over the years Zanaco has grown to be one of the leading banks in Zambia in terms of customer deposits, total assets and points of representation. Zambia National Commercial Bank Plc was partially privatised in April 2007 when Rabobank, from the Netherlands, acquired 49% of GRZ’s interest in the Bank.

With one of the widest branch and ATM networks in the country, Zanaco (The ‘People’s Bank’) commands a significant market share and targets the number one position through clear segmentation to drive business direction and resourcing.