Investor Relations

Performance Highlights

FY – 2023

The Group continued on a strong financial trajectory closing the year at K1.7 billion representing a 49% (K571 million) increase in profits. The growth in profitability was driven by increase in total operating income, astute management of costs and impairments.

ZANACO, FY2023 Total Operating Income up 34%
ZANACO, FY2023 Net Profit up 49%
ZANACO, FY2023 Customer Deposits up 14%

The Group will continue to leverage off automation, market-leading digital platforms to deliver cost-effective and innovative transactional propositions to its customers while ensuring that it operates in a sustainable manner and contribute positively to the communities and societies it operates in.

Kaluba G Kaulung’ombe-Inampasa, Company Secretary

Simbisa Brands


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Zambia National Commercial Bank Plc

Zambia National Commercial Bank, commonly known as Zanaco, listed on the Lusaka Securities Exchange, serves retail customers, large corporations, agri-business and public sector clients. 

The bank has evolved into a leading financial institution in Zambia. With the aid of Arise B.V., a leading African Investment Company, Zanaco benefits from technical assistance, international networks and best practices in various areas of banking.


To be Zambia’s leading, admired, preferred and innovative universal top transactional financial institution that provides the best in value solutions to clients while supporting financial inclusion.


To be top universal, top transactional financial institution for all segments, while delivering excellent financial services efficiently, using the right client service model, and supported by an empowered and motivated staff.

Company Information

Registered Name Zambia National Commercial Bank Plc (
ISIN ZM0000000250
Ticker Code
Sector Banking
Stock Exchange Lusaka Securities Exchange
Interim Chairperson Regina Mulenga
Chief Executive Officer Mukwandi Chibesakunda
Company Secretary Kaluba Gloria Kaulung’ombe Inampasa
Transfer Secretary Corpserve Transfer Agents Limited (zm)
Year End December
Year Founded 1969
Year Listed 2008

3 Reasons to Consider Investing in Zambia National Commercial Bank Plc


With one of the widest branch and ATM networks, Zanaco (The ‘People’s Bank’) is a leading retail banking group in Zambia


Through innovation and sustainability, we do things better and smarter; making efficient use of our resources and empowering the customer

Exceeding Expections

Strategic focus centred around improved service delivery; determined and committed to ensuring that we exceed our over 1 million customers’ expectations

Our Share Price in Action