Standard Chartered Zambia

Standard Chartered Zambia, officially Standard Chartered Bank Zambia Plc, is a commercial bank in Zambia and a subsidiary of Standard Chartered. It is licensed by the Bank of Zambia, the central bank and national banking regulator.[3]

Standard Chartered Bank Zambia
Public: LUSE: SCBL
IndustryFinancial Services
FoundedJanuary 1, 1906 (1906-01-01)
HeadquartersCairo Road, Lusaka, Zambia
Key people
Dr Caleb M Fundanga
Chairman
Herman Kasekende
Managing Director & CEO[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueAftertax:ZMW:284.5 million (US$28.8 million) (2017)[2]
Total assetsZMW:8.851 billion (US$893.8 million) (2017)[2]
Number of employees
706 (2017)[2]
ParentStandard Chartered 
WebsiteHomepage

Location

The headquarters and main branch of the bank are located at Standard Chartered House, along Cairo Road, in the city of Lusaka, the largest city and capital of Zambia.[2]

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. As of 31 December 2017, the total asset valuation of the bank was ZMW:8.851 billion (US$893.8 million), with shareholders' equity of ZMW:873.5 million (US$88.2 million).[2]

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: SCBL.[4]

Ownership

Stanchart Zambia is a subsidiary of the Standard Chartered Bank, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than sixty countries and a network of over 1,700 branches, employing in excess of 86,000 people. The stock of Standard Chartered is listed on London Stock Exchange, Hong Kong Stock Exchange, Bombay Stock Exchange and National Stock Exchange in India.[5]

As of December 2017, the shares of stock of Standard Chartered Bank Zambia Limited was owned by the following entities.[2]

Standard Chartered Zambia stock ownership
RankName of OwnerPercentage Ownership
1Standard Chartered Holdings (Africa) BV190.00
2Others via the Lusaka Stock Exchange10.00
Total100.00

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

Branch network

As of December 2017, the bank maintained a network of branches at the following locations:[2]

  1. Head Office: Standard Chartered House, Cairo Road, Lusaka
  2. Lusaka Main Branch: Lusaka
  3. Crossroads Branch: Crossroads, Lusaka
  4. Kabulonga Branch: Kabulonga Shopping Center, Lusaka
  5. Levy Mall Branch: Levy Mall, Lusaka
  6. Manda Hill Branch: Manda Hill, Lusaka
  7. UNZA Branch: Main Campus, University of Zambia, Lusaka
  8. Northend Branch: North End, Cairo Road, Lusaka
  9. United Nations Agency Branch: United Nations Mission Building, Lusaka
  10. Industrial Branch: Industrial Area, Lusaka
  11. Chililabombwe Branch: Chililabombwe
  12. Chingola Branch: Chingola
  13. Jacaranda Branch: Jacaranda Mall, Ndola>
  14. Luanshya Branch: Luanshya
  15. Kitwe Branch: Zambia Way, Kitwe
  16. Choma Branch: Choma
  17. Livingstone Branch: Livingstone
  18. Mazabuka Branch: Mazabuka
  19. Kasama Branch: Kasama
  20. Mongu Branch: Mongu
  21. Solwezi Branch: Solwezi
  22. Kalumbila Branch: Solwezi.

Management Board

The Chief Executive Officer (CEO) and Managing Director of Standard Chartered Bank (Zambia) is Herman Kizito Kasekende, appointed in February 2017. Kasekende s a native of Uganda, who has been with the Standard Chartered Bank Group since 1998. He previously served as the CEO and Managing Director of Standard Chartered Uganda. He has also worked for Standard Chartered in Kenya and Singapore.[1][2]

See also

References
  1. Mark Keith Muhumuza (20 February 2017). "Kasekende to head Standard Chartered Bank in Zambia". Daily Monitor. Kampala. Retrieved 2 May 2018.
  2. Stanchart Zambia (28 February 2018). "Standard Chartered Zambia Annual Report for the Year Ended 31 December 2017" (PDF). Lusaka: Standard Chartered Zambia Limited. Retrieved 3 May 2018.
  3. Bank of Zambia (2 May 2018). "List of Licensed Commercial Banks in Zambia". Lusaka: Bank of Zambia. Retrieved 2 May 2018.
  4. Lusaka Stock Exchange (3 May 2018). "The Companies Listed on the Lusaka Stock Exchange". Lusaka: Lusaka Stock Exchange. Retrieved 3 May 2018.
  5. Standard Chartered (3 May 2018). "About Standard Chartered Bank". London: Standard Chartered. Retrieved 3 May 2018.

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