Zambia National Commercial Bank

Zambia National Commercial Bank
Company typePublic
LUSE:ZANACO
Industry
FoundedJanuary 1, 1969; 55 years ago (1969-01-01)
HeadquartersLusaka, Zambia
Key people
Patrick Wanjelani
Chairman[1]
Mukwandi Chibesakunda
Chief Executive Officer[2]
ProductsCorporate and Investment Banking, Business Banking, Retail Banking, Digital Banking, Private Banking
Increase ZMW3.902 billion (US$213.60 million) (2022)[3]
Increase ZMW:1.204 billion (US$65.907 million) (2022)[3]
Total assetsIncrease ZMW:35.97 billion (US$1.97 billion) (2022)[3]
Total equityIncrease ZMW2.980 billion (US$163.12 million) (2022)[3]
Number of employees
1,216 (2022)[3]
WebsiteHomepage

Zambia National Commercial Bank, commonly referred to by the name "Zanaco", is a commercial bank in Zambia. It is licensed by Bank of Zambia, the central bank and national banking regulator.[4] In 2021, Zanaco became the first bank in Zambia to register ZMW1bn in profit after tax.[3][5]

  1. ^ "Notice of change in Directorate". Zanaco Investor. Zambia National Commercial Bank Plc. Retrieved 10 July 2022.
  2. ^ "(SENS Announcement) ZANACO appoints Mukwandi Chibesakunda as CEO". Financial Insight. Financial Insights of Zambia. Retrieved 10 July 2022.
  3. ^ a b c d e f "Zambia National Commercial Bank Plc (Zanaco.zm) 2022 Annual Report". Zanaco. Zambia National Commercial Bank Plc. Retrieved 14 June 2023.
  4. ^ Bank of Zambia (3 May 2018). "List of Licensed Commercial Banks in Zambia". Lusaka: Bank of Zambia. Retrieved 3 May 2018.
  5. ^ "FY21, What No Eye Has Seen Nor Ear Heard, Zanaco Plc is Zambia's First K1bn PAT Bank". The Business Telegraph. Retrieved 2 October 2022.