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AB Bank Zambia

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AB Bank Zambia
Company typePrivate
IndustryFinancial services
Founded2011
HeadquartersLusaka, Zambia
ProductsLoans, Checking, Savings, Investments, Debit Cards
Total assetsUS$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. 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:-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. 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:

AB Bank Zambia Stock Ownership
Rank Name of Owner Percentage Ownership
1 AccessBank Group 51.0
2 FMO 12.5
3 IFC 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:

  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.
  7. Kitwe Branch - Kitwe

See also

References

  1. BOZ (15 April 2016). "Bank of Zambia: Registered Commercial Banks". Lusaka: Bank of Zambia (BOZ). Archived from the original on 5 January 2016. Retrieved 15 April 2016.
  2. AHC (15 April 2015). "Our Network: AccessBank Zambia". Berlin: AccessHolding (AHC). Retrieved 15 April 2016.
  3. "Location of the Headquarters of AB Bank Zambia" (Map). Google Maps. Retrieved 15 April 2016.
  4. Incofin (3 November 2011). "Launch of AB Bank Zambia". Brussels: Incofin. Archived from the original on 5 May 2016. Retrieved 16 April 2016.
  5. ZDN Reporter (16 November 2015). "AB Bank launches loan scheme for smallholders". Zambia Daily Nation (ZDN). Lusaka. Archived from the original on April 23, 2016. Retrieved 16 April 2016.
  6. ABBZ (15 April 2016). "AB Bank Zambia: Shareholders". Lusaka: AB Bank Zambia (ABBZ). Archived from the original on 23 March 2016. Retrieved 15 April 2016.
  7. IFC (5 January 2011). "AB Bank Zambia Limited: Summary of Proposed Investment". Washington, DC: International Finance Corporation (IFC). Retrieved 16 April 2016.
  8. "About Incofin IM | Incofin". Archived from the original on 2016-05-05. Retrieved 2016-04-16.
  9. ABBZ (15 April 2016). "AB Bank Zambia: Branch Network". Lusaka: AB Bank Zambia (ABBZ). Archived from the original on 25 January 2016. Retrieved 15 April 2016.
  10. ^ Siame, Nancy (4 November 2015). "AB Bank boosts deposits". Lusaka: Zambia Daily Mail. Retrieved 16 April 2016.

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15°25′23″S 28°17′01″E / 15.42306°S 28.28361°E / -15.42306; 28.28361

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