Banking, ZANACO plcMarch 8, 2017

ZANACO – 2016 Half Year Review
In their summarized and unaudited results published for the period ended 30 June 2016, Zanaco faced a challenging first half of the year with net profit margin down from 19% a year ago to 14%. A positive though was the bank being well capitalized above the minimum ratio of 10% requirement. Earnings and EBIT were […]

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Banking, Cavmont, FinanceJuly 22, 2016

It’s tough for the smaller players in the banking industry in Zambia
It’s tough for the smaller players in the banking industry in Zambia. Cavmont Bank has bared the brunt of competitive forces in the industry. In the 2014 to 2015 period, the customer lost 15% of its customer accounts in a zero sum that saw its competitors scoop them up. However, at the same time, it […]

Banking, ZANACO plcJuly 1, 2016

Understanding How Banking in Zambia Is Impacted by the 6 Force in Porter’s Model
In his famous 1979 article for the Harvard Business Review (HBR), Michael Porter introduced the world to what was known then as the Five Forces Framework. Later on, in 2008, prior to global financial crisis (as if it was a premonition of things to come), he extended the 5 forces framework to 6. This 6th force […]

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Banking, Investrust Bank PlcJuly 1, 2016

When Trust is Tested: InvestTrust in Transition
In 2015, there was a change of leadership in the midst of a very difficult year for Investrust Bank Plc. Dr Jacob Mwanza (Chairman) said farewell to Friday Ndhlovu who retired as MD and was replaced by Dr. Chembe who unfortunately was taken ill on Christmas day 2015 leaving the board to appoint Mr Isaiah […]

Banking, Finance, StandchartJune 1, 2016

Why They Are Top of the Heap. Standard Chartered Bank Storms with Excellence
It is always refreshing to hear titans of the banking industry reassure stakeholders that “we are here for good”. This statement is attributed to Michael Mundashi, chairman of the global bank that has been resident in Zambia for the past 110 years – Standard Chartered Bank. Investing and innovating was their strategy going into 2015 […]