Investor Relations

Performance Highlights

FY – 2022

Total revenue grew by 11% to K3.94 billion following the implementation of various strategic initiatives. The concerted resourcefulness in deal structuring, positive transaction trajectory and optimal cost management translated into the results so far attained.

ZANACO, FY2022 Total Operating Income up 11%
ZANACO, FY2022 net profit up 16%
ZANACO, FY2022 customer deposits up 54%

We continue to create value for our shareholders through a Return on Equity ratio of 40% as at the end of 2022 which is well above the target of 33.4% for the year.

Mukwandi Chibesakunda, Chief Executive Officer

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
Board Chairperson Patrick Wanjelani
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