AB Bank Zambia explained

AB Bank Zambia
Foundation:2011
Assets:US$14.6 million (2014)

AB Bank Zambia is a commercial bank in Zambia, licensed by the Bank of Zambia and by the national banking regulator.[1] 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.[2]

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:-15.423053; Longitude:28.283612).

Overview

The bank began operations on 18 October 2011, following the issuance of a commercial banking license by the Bank of Zambia. The bank's shareholders are five international development institutions. The target clientele of the bank are Zambian 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.[3] The bank maintains a facility for small-scale farmers.[4]

Shareholding

The shareholding in the stock of the bank, is as illustrated in the table below:[5]

AB Bank Zambia Stock Ownership! Rank !!Name of Owner!!Percentage Ownership
1 51.0
2 12.5
3 IFC[6] 12.5
4 Incofin[7] 12.5
5 KfW12.5
Total100.00

Branches

As of April 2016, the bank maintains branches at the following locations:[8]

  1. Cairo Road Branch - Chainda Place, Off Cairo Road, Lusaka Main Branch
  2. Chilenje Branch - Chilenje Shopping Mall, Muraba Road, Chilenje, Lusaka
  3. Matero Branch - B & J Building, Commonwealth Road, Matero, Lusaka
  4. Kalingalinga Branch - Alick Nkhata Road, Kalingalinga
  5. Chelston Branch - Chelston Bazzar Complex, Chelston
  6. Garden Branch - Garden Township, Lusaka.[9]
  7. Kitwe Branch - Kitwe[9]

See also

References

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Notes and References

  1. Web site: 15 April 2016. BOZ. Bank of Zambia: Registered Commercial Banks. 15 April 2016. Bank of Zambia (BOZ). Lusaka. https://web.archive.org/web/20160105012703/http://www.boz.zm/(S(a4uixa2w50l4jb553vdmox45))/RegisteredComBanks.aspx. 5 January 2016. dead.
  2. Web site: 15 April 2016. AHC. Our Network: AccessBank Zambia . 15 April 2015 . AccessHolding (AHC). Berlin.
  3. Web site: 3 November 2011. Launch of AB Bank Zambia. Brussels. 16 April 2016. Incofin. Incofin. https://web.archive.org/web/20160505073219/https://www.incofin.com/en/news/launch-ab-bank-zambia. 5 May 2016. dead.
  4. Web site: AB Bank launches loan scheme for smallholders. 16 November 2015. 16 April 2016. Lusaka. Zambia Daily Nation (ZDN). ZDN Reporter.
  5. Web site: AB Bank Zambia: Shareholders . 15 April 2016 . ABBZ . 15 April 2016 . AB Bank Zambia (ABBZ) . Lusaka . dead . https://web.archive.org/web/20160323234100/http://abbank.co.zm/share_holders.html . 23 March 2016 .
  6. Web site: AB Bank Zambia Limited: Summary of Proposed Investment . IFC . 16 April 2016. 5 January 2011. International Finance Corporation (IFC). Washington, DC.
  7. Web site: About Incofin IM | Incofin . 2016-04-16 . https://web.archive.org/web/20160505073352/https://www.incofin.com/en/content/about-incofin-im . 2016-05-05 . dead .
  8. Web site: AB Bank Zambia: Branch Network . 15 April 2016 . 15 April 2016 . ABBZ . AB Bank Zambia (ABBZ) . Lusaka . dead . https://web.archive.org/web/20160125003010/http://www.abbank.co.zm/branches.html . 25 January 2016 .
  9. Web site: AB Bank boosts deposits . 16 April 2016. 4 November 2015 . Nancy . Siame . Lusaka . Zambia Daily Mail.

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