Industry Financial Services Type of business Private | Website Homepage Founded 2011 Total assets 14.6 million USD (2014) | |
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Products Loans, Checking, Savings, Investments, Debit Cards | ||
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. It is a member and component of the AccessBank Group, a subsidiary of the AccessHolding banking conglomerate.
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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).
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. 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:
Branches
As of April 2016, the bank maintains branches at the following locations:
- 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.
- Kitwe Branch - Kitwe