Standard Chartered Zambia
Type | Public: LuSE: SCZ |
---|---|
Industry | Financial Services |
Founded | 1906 |
Headquarters | Cairo Road, Lusaka, Zambia |
Key people |
Michael M Mundashi Chairman Managing Director & CEO[1] |
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) |
Employees | 650+ (2011) |
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.[2]
Overview
Stanchart Zambia is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises.[3] 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).[4] 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).[5]
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.[6]
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.[7]
Branch network
As of October 2012, the bank maintains a network of branches at the following locations:[8]
- Head Office - Standard Chartered House, Cairo Road, Lusaka
- Buteko Branch - Buketo Avenue, Ndola
- Chililabombwe Branch - Chililabombwe
- Chingola Branch - Chingola
- Choma Branch - Choma
- Crossroads Branch - Crossroads, Lusaka
- Fallspark Branch - Fallspark, Livingstone
- Jacaranda Branch - Jacaranda Mall, Ndola[9]
- Kabulonga Branch - Kabulonga Shopping Center, Lusaka
- Kasama Branch - Kasama
- Kitwe Branch - Zambia Way, Kitwe
- Livingstone Branch - Livingstone
- Luanshya Branch - Luanshya
- Manda Hill Branch - Manda Hill Shopping Center, Lusaka
- Mazabuka Branch - Mazabuka
- Mongu Branch - Mongu
- Ndola South Branch - Ndola South, Ndola
- North End Branch - North End, Lusaka
- Solwezi Branch - Solwezi
Management Board
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, she is the only female bank chief executive in all the thirteen subsidiaries which Standard Chartered Bank maintains in Sub-Saharan Africa.[10]
See also
- List of banks in Zambia
- Lusaka Stock Exchange
- Mizinga Melu
- 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
References
- ↑ Mizinga Melu Is Managing Director And CEO of Standard Chartered Zambia
- ↑ List of Licensed Commercial Banks In Zambia
- ↑ Scope of Services Offered By Stanchart Zambia
- ↑ Audited December 2011 Annual Report
- ↑ Stanchart Meets Bank of Zambia Benchmarks
- ↑ Listed Companies At Lusaka Stock Exchange
- ↑ Homepage of Standard Chartered Bank Group
- ↑ Branches of Standard Chartered Bank Zambia Plc.
- ↑ Standard Chartered Zambia Opens Jacaranda Branch In Ndola
- ↑ Standard Chartered Bank Appoints First Zambian CEO
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