AB Bank Zambia
| Private | |
| Industry | Financial Services |
| Founded | 2011 |
| Headquarters | Lusaka, Zambia |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Total assets | US$14.6 million (2014) |
| Website | Homepage |
AB Bank Zambia, also AccessBank Zambia, is a commercial bank in Zambia, licensed by the Bank of Zambia, the central bank and national banking regulator.[1] It is a member and component of the AccessBank Group, a subsidiary of the AccessHolding banking conglomerate.[2]
Location
The headquarters of AccessBank 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:-15.423053; Longitude:28.283612).[3]
Overview
The bank began operations on 18 October 2011, following the issuance of a commercial banking license by the Bank of Zambia. The institution is a start-up, funded by five international development funding institutions. The target population are those Zambians and their micro, small and medium-sized businesses, who have been left out of the formal economy by the traditional commercial banks. The bank also targets low income earners in the country.[4] The bank maintains a facility for small-scale farmers.[5]
Shareholding
The shareholding in the stock of the bank, is as illustrated in the table below:[6]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | AccessBank Group | 51.0 |
| 2 | FMO | 12.5 |
| 3 | IFC[7] | 12.5 |
| 4 | Incofin | 12.5 |
| 5 | KfW | 12.5 |
| Total | 100.00 | |
- 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:[8]
- 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.[9]
- Kitwe Branch - Kitwe[9]
See also
References
- ↑ BOZ (15 April 2016). "Bank of Zambia: Registered Commercial Banks". Lusaka: Bank of Zambia (BOZ). Retrieved 15 April 2016.
- ↑ AHC (15 April 2015). "Our Network: AccessBank Zambia". Berlin: AccessHolding (AHC). Retrieved 15 April 2016.
- ↑ Google (15 April 2016). "Location of the Headquarters of AB Bank Zambia" (Map). Google Maps. Google. Retrieved 15 April 2016.
- ↑ Incofin (3 November 2011). "Launch of AB Bank Zambia". Brussels: Incofin. Retrieved 16 April 2016.
- ↑ ZDN Reporter (16 November 2015). "AB Bank launches loan scheme for smallholders". Zambia Daily Nation (ZDN). Lusaka. Retrieved 16 April 2016.
- ↑ ABBZ (15 April 2016). "AB Bank Zambia: Shareholders". Lusaka: AB Bank Zambia (ABBZ). Retrieved 15 April 2016.
- ↑ IFC (5 January 2011). "AB Bank Zambia Limited: Summary of Proposed Investment". Washington, DC: International Finance Corporation (IFC). Retrieved 16 April 2016.
- ↑ ABBZ (15 April 2016). "AB Bank Zambia: Branch Network". Lusaka: AB Bank Zambia (ABBZ). Retrieved 15 April 2016.
- 1 2 Siame, Nancy (4 November 2015). "AB Bank boosts deposits". Lusaka: Zambia Daily Mail. Retrieved 16 April 2016.
External links
Coordinates: 15°25′23″S 28°17′01″E / 15.42306°S 28.28361°E