Standard Chartered Zambia

Standard Chartered Bank Zambia

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Type	Public: LuSE: SCZ
Industry	Financial Services
Founded	1906
Headquarters	Cairo Road, Lusaka, Zambia
Key people	Michael M Mundashi Chairman Andrew Okai Managing Director & CEO
Products	Loans, Checking, Savings, Investments, Debit Cards
Revenue	Aftertax:US$25.8 million (ZMK:132.5 billion) (2011)
Total assets	US$893 million (ZMK:4.586 billion) (2011)
Number of employees	800+ (2014
Website	www.sc.com/zm

Standard Chartered Zambia, officially Standard Chartered Bank Zambia Plc, is a commercial bank in Zambia and a subsidiary of Standard Chartered. It is one of the 18 commercial banks licensed by the Bank of Zambia, the national banking regulator.

Overview

Stanchart Zambia is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. It is one of the largest commercial banks in Zambia, by assets, controlling an estimated 20% of all commercial bank assets in the country, as of December 2007. In December 2011, the total asset valuaion of the bank was about US$893 million (ZMK:4.586 billion), with shareholder's equity valued at US$72 million (ZMK:373 billion). In June 2012, Zambian press reports indicated that the bank's total assets had increased to US$902 million (ZMK:4,632 billion), with shareholders' equity of about US$78 million (ZMK:400 million).

History

The bank was established in 1906. The shares of stock of Stanchart Zambia are listed on the Lusaka Stock Exchange (LuSE), where they trade under the symbol: SCZ.

Ownership

Stanchart Zambia is a subsidiary of the Standard Chartered Bank Group, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.

Stock Ownership as at December 31, 2013 was as follows:

Standard Chartered Zambia stock ownership

Rank	Name of Owner	Percentage Ownership
1	Standard Chartered Holdings (Africa) BV1	90.00
2	Others via the Lusaka Stock Exchange	10.00
	Total	100.00

^{1 → Standard Chartered Holdings (Africa) BV (incorporated in The Netherlands) is a wholly owned subsidiary of Standard Chartered Plc.}

Branch network

As of October 2012, the bank maintains a network of branches at the following locations:

1. Head Office - Standard Chartered House, Cairo Road, Lusaka
2. Buteko Branch - Buketo Avenue, Ndola
3. Chililabombwe Branch - Chililabombwe
4. Chingola Branch - Chingola
5. Choma Branch - Choma
6. Crossroads Branch - Crossroads, Lusaka
7. Fallspark Branch - Fallspark, Livingstone
8. Jacaranda Branch - Jacaranda Mall, Ndola
9. Kabulonga Branch - Kabulonga Shopping Center, Lusaka
10. Kasama Branch - Kasama
11. Kitwe Branch - Zambia Way, Kitwe
12. Livingstone Branch - Livingstone
13. Luanshya Branch - Luanshya
14. Manda Hill Branch - Manda Hill Shopping Center, Lusaka
15. Mazabuka Branch - Mazabuka
16. Mongu Branch - Mongu
17. Ndola South Branch - Ndola South, Ndola
18. North End Branch - North End, Lusaka
19. Solwezi Branch - Solwezi

Management Board

The Chief Executive Officer (CEO) and Managing Director of Standard Chartered Bank (Zambia) is Andrew Okai appointed in September 2013. Andrew is a native of Ghana and has been with the Standard Chartered Bank Group since 1997. Andrew previously served as Executive Director of Consumer Banking at Standard Chartered Bank in Ghana. He has also worked for Standard Chartered in South Africa and Hong Kong.

See also

• List of banks in Zambia
• Lusaka Stock Exchange
• Standard Chartered Bank Plc
• Standard Chartered Kenya
• Standard Chartered Tanzania
• Standard Chartered Uganda
• Standard Chartered Zimbabwe
• Economy of Zambia

External links

• Standard Chartered Bank Zambia Homepage
• Company Profile At Google Finance
• Total Assets Nearly US$1 Billion In 2012
• Website of Bank of Zambia