Suvarna Garge

AB Bank Zambia

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Industry  Financial Services
Headquarters  Lusaka
Type of business  Private
Website  Homepage
Founded  2011
Total assets  14.6 million USD (2014)
AB Bank Zambia wwwabbankcozmcssimageslogo3gif
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.

Contents

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:

  • 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

    References

    AB Bank Zambia Wikipedia


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