2024 Half Year Results

2024 Half Year Results

The performance in the period was adversely impacted by the increase in interest expense cost due to increased borrowings to cushion the effects of the increase in statutory reserve ratio from 11.5% to 26% which materially reduced available cashflows to support operations.

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.

Latest Investor Announcements

Stay informed with the most recent updates.

Kaluba G Kaulung’ombe-Inampasa, Company Secretary

The Group will continue to operate in an agile manner to respond proactively to the changing business, environment and regulatory environment. We will continue to invest in technology and enhancing our customers’ experience in order to remain future-fit with a focus on the customer.

Performance Highlights

2024 Half Year Results

  • Total Operating Income

    K 2.77 billion

    HY 2023: K 2.74 billion

    1%

  • Net Profit

    K 705.94 million

    HY 2023: K 722.61 million

    -2%

  • Customer Deposits

    K 31.76 billion

    HY 2023: K 29.79 billion

    7%

  • Zanaco Integrated Report 2023

Latest downloads