2024 Full Year Performance

2024 Full Year Performance

Zanaco recorded 6% revenue growth to K5.58 billion, while profit after tax (PAT) increased by 3% to K1.79 billion, reflecting operational efficiency and disciplined execution. Customer deposits grew by 6% to K36.02 billion, while customer loans expanded by 24% to K19.98 billion, reinforcing our commitment to financing Zambia’s key economic sectors. The Cost-to-Income Ratio (CIR) rose to 50.45%, driven by rising energy transition costs in response to load shedding and higher cost of funds in the market.

Why invest in Zanaco?

A Leader in Zambia’s Financial Growth

Market Leadership

Zanaco stands as a pillar of Zambia’s financial sector, offering stability and a diverse range of banking solutions. With a broad customer base and strong brand recognition, Zanaco continues to lead the market, providing exceptional value to both retail and corporate clients.

Sustainable Growth Strategy

Zanaco’s commitment to innovation and sustainability drives its success. By embracing digital transformation and financial inclusion, the bank is creating long-term value for stakeholders while advancing Zambia’s economic development.

Strong Financial Performance

With steady revenue growth and robust profitability, Zanaco delivers consistent returns for investors. Its focus on operational efficiency and sound risk management ensures a solid foundation for future growth.

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2024 Full Year Performance

Mukwandi Chibesakunda, Chief Executive Officer

Our financial strength and resilience have enabled us to grow and create value for stakeholders. By maintaining disciplined risk management and operational efficiency, we are committed to sustained profitability and reinforcing our leadership in Zambia’s banking sector.

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Performance Highlights

2024 Full Year Performance

  • Total Operating Income

    K 5,594 million

    FY 2023: K 5,294 million

    6%

  • Net Profit

    K 1,805 million

    FY 2023: K 1,769 million

    2%

  • Customer Deposits

    K 36,027 million

    FY 2023: K 33,860 million

    6%

  • Zanaco Integrated Report 2024

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