Investor Relations

Performance Highlights

HY – 2024

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.

ZANACO, HY2024 Total Operating Income up 1%
ZANACO, HY2024 Net Profit down 2%
ZANACO, HY2024 Customer Deposits up 7%

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.

Kaluba G Kaulung’ombe-Inampasa, Company Secretary

Simbisa Brands

Values

  • Pride
  • Integrity
  • Teamwork
  • Respect
  • Excellence

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.

Vision

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.

Mission

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 (ZANACO.zm)
ISIN ZM0000000250
Ticker Code ZANACO.zm
Sector Banking
Stock Exchange Lusaka Securities Exchange
Chairperson Prof. Oliver Saasa
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

Leader

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

Innovation

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