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Standard Chartered Zambia

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Standard Chartered Bank Zambia
Company typePublic: LUSE: SCZ
IndustryFinancial Services
FoundedJanuary 1, 1906; 119 years ago (1906-01-01)
HeadquartersCairo Road, Lusaka, Zambia
Key people
Dr Caleb M Fundanga
Chairman
Herman Kasekende
Managing Director & CEO[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncreaseAftertax:ZMW:284.5 million (US$28.8 million) (2017)[2]
Total assetsZMW:8.851 billion (US$893.8 million) (2017)[2]
Number of employees
706 (2017)[2]
WebsiteHomepage

Standard Chartered Zambia, officially Standard Chartered Bank Zambia Plc, is a commercial bank in Zambia and a subsidiary of Standard Chartered. It is licensed by the Bank of Zambia, the central bank and national banking regulator.[3]

Location

Overview

Stanchart Zambia is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. It is one of the largest commercial banks in Zambia, by assets. As of 31 December 2017, the total asset valuation of the bank was ZMW:8.851 billion (US$893.8 million), with shareholders' equity of ZMW:873.5 million (US$88.2 million).[2]

History

The bank was established in 1906. The shares of stock of Stanchart Zambia are listed on the Lusaka Stock Exchange (LuSE), where they trade under the symbol: SCZ.[4]

Ownership

Stanchart Zambia is a subsidiary of the Standard Chartered Bank Group, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.[5]

Stock Ownership as at December 31, 2013 was as follows:[6]

Standard Chartered Zambia stock ownership
Rank Name of Owner Percentage Ownership
1 Standard Chartered Holdings (Africa) BV1 90.00
2 Others via the Lusaka Stock Exchange 10.00
Total 100.00

1 → Standard Chartered Holdings (Africa) BV (incorporated in The Netherlands) is a wholly owned subsidiary of Standard Chartered Plc.

Branch network

As of October 2012, the bank maintains a network of branches at the following locations:[7]

  1. Head Office - Standard Chartered House, Cairo Road, Lusaka
  2. Buteko Branch - Buketo Avenue, Ndola
  3. Chililabombwe Branch - Chililabombwe
  4. Chingola Branch - Chingola
  5. Choma Branch - Choma
  6. Crossroads Branch - Crossroads, Lusaka
  7. Fallspark Branch - Fallspark, Livingstone
  8. Jacaranda Branch - Jacaranda Mall, Ndola[8]
  9. Kabulonga Branch - Kabulonga Shopping Center, Lusaka
  10. Kasama Branch - Kasama
  11. Kitwe Branch - Zambia Way, Kitwe
  12. Livingstone Branch - Livingstone
  13. Luanshya Branch - Luanshya
  14. Manda Hill Branch - Manda Hill Shopping Center, Lusaka
  15. Mazabuka Branch - Mazabuka
  16. Mongu Branch - Mongu
  17. Ndola South Branch - Ndola South, Ndola
  18. North End Branch - North End, Lusaka
  19. Solwezi Branch - Solwezi

Management Board

The Chief Executive Officer (CEO) and Managing Director of Standard Chartered Bank (Zambia) is Andrew Okai appointed in September 2013. Andrew is a native of Ghana and has been with the Standard Chartered Bank Group since 1997. Andrew previously served as Executive Director of Consumer Banking at Standard Chartered Bank in Ghana. He has also worked for Standard Chartered in South Africa and Hong Kong.

See also

References

  1. ^ Mark Keith Muhumuza (20 February 2017). "Kasekende to head Standard Chartered Bank in Zambia". Daily Monitor. Kampala. Retrieved 2 May 2018.
  2. ^ a b c d Stanchart Zambia (28 February 2018). "Standard Chartered Zambia Annual Report for the Year Ended 31 December 2017" (PDF). Lusaka: Standard Chartered Zambia Limited. Retrieved 3 May 2018.
  3. ^ Bank of Zambia (2 May 2018). "List of Licensed Commercial Banks in Zambia". Lusaka: Bank of Zambia. Retrieved 2 May 2018.
  4. ^ "LuSE". www.luse.co.zm. Retrieved 2017-08-16.
  5. ^ "Redirect". www.standardchartered.com. Retrieved 2017-08-16.
  6. ^ "Standard Chartered Zambia 2013 Annual report" (PDF). Standard Chartered Zambia. December 31, 2013. Retrieved December 26, 2014.
  7. ^ "ATMs & Branches - Standard Chartered Bank Zambia". www.standardchartered.com. Retrieved 2017-08-16.
  8. ^ Standard Chartered Zambia Opens Jacaranda Branch In Ndola
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