| Type | Public: LuSE: SCZ |
|---|---|
| Industry | Financial Services |
| Founded | 1906 |
| Headquarters | Cairo Road, Lusaka, Zambia |
| Key people | George Sotoka Chairman Mizinga Melu Managing Director & CEO |
| Products | Loans, Checking, Savings, Investments, Debit Cards |
| Employees | 400+ (2008) |
| Website | Homepage |
Standard Chartered Bank (Zambia) Plc., commonly known as Stanchart Zambia, is a commercial bank in Zambia. It is one of the eighteen (18) commercial banks licensed by the Bank of Zambia, the national banking regulator.[1]
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Stanchart Zambia is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. As of December 2007, it was one of the largest commercial banks in Zambia, by assets, controlling an estimated 20% of all commercial bank assets in the country.[2]
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.[3]
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.[4]
As of March 2011, the bank has a network of Eighteen (18) interconnected branches at the following locations:[5]
The Managing Director of Standard Chartered Bank (Zambia), is Mizinga Melu, a native of Zambia, who has been with the Standard Chartered Bank Group since 1994. She is the first Zambian Chief Executive Officer at the bank, since its founding in 1906 and is the first woman to hold that position. As of March 2011[update], she is the only female bank chief executive in all the thirteen (13) subsidiaries which Standard Chartered Bank maintains in Sub-Saharan Africa.[6]