Banking, ZANACO plcApril 2, 2021

Charity Lumpa exits the Zanaco Boardroom; Mtine takes over
ZANACO Bank Plc has announced the retirement of Charity Lumpa as Chairperson of the Board, according to a statement from the Bank. “Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zanaco Plc (“the Board”) wishes to inform the Bank’s shareholders and the public that Mrs Charity Chanda Lumpa has retired […]

Banking, ZANACO plcFebruary 10, 2021

Zanaco partners with a ‘Hungry Lion’ – Big Red’s move to devour clientele
Retail banking has always been a game of numbers. This is why when Zanaco made the announcement that it would be partnering up with fast-food chain Hungry Lion which boosts of high foot traffic, it was clear that gaining market share was in their strategic playbook. “In this partnership, Zanaco will be providing POS Machines […]

Banking, ZANACO plcFebruary 10, 2021

Hungry Lion banks on Zambia National Commercial Bank (Zanaco) to look after their Banking needs
Official Speech by Busu Mpepo, Hungry Lion Zambia Country Manager in celebration of the partnership announcement. Today marks an exciting event as we officially welcome a new partner to our Pride. Hungry Lion is excited about our partnership with Zanaco and it is with great pleasure that we welcome them on board as our Banking […]

Banking, ZANACO plcJune 29, 2020

(SENS Announcement) ZANACO appoints Mukwandi Chibesakunda as CEO
Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zambia National Commercial Bank PLC (“Zanaco” or “the Board”) advises that Hendrik Gezienus Mulder’s tenure of service as Chief Executive Director will come to an end on 31 December 2020 and he will be retiring as from that date. Furthermore, the Board […]

Banking, ZANACO plcJune 27, 2020

Lady Mukwandi Chibesakunda for the ZANACO top job
Zambia National Commercial Bank (ZANACO) PLC has appointed Mrs. Mukwandi Chibesakunda as its new Chief Executive Officer (CEO), effective October 1st, 2020, according to an announcement issued by the bank’s Board of Directors. Mukwandi is to succeed Mr. Henk Mulder, who has been Managing Director and CEO of ZANACO Bank PLC for the past 4 years. Under Mr. […]

Banking, ZANACO plcJune 25, 2020

ZANACO posts 100% dividend increase
Over the last three years, the Zambian National Commercial Bank (ZANACO) has recorded a continued positive growth. According to the press release and virtual media briefing hosted on June 25th 2020 at the ZANACO innovation lab, ZANACO managed to post a respectable profit because of the measures taken to expand the product offering which resulted in an 11% year on year (YoY) […]

Banking, ZANACO plcJune 21, 2020

New Board member announced at ZANACO
The Board of ZANACO has announced the appointment of a new board member, according to a published statement from the bank. “Pursuant to Section 3.59 of the Listing Requirements the Board of Directors of Zanaco Plc (“the Board”) wishes to inform the Bank’s shareholders and the general public that Mrs. Chearyp Mkandawire – Sokoni was […]

Banking, ZANACO plcOctober 7, 2019

ZANACO forecasts weaker earnings per share at half-year 2019
ZANACO Bank has announced that it expects its earnings per share to be 29% lower at half-year 2019, according to a statement from its Board.   ZANACO becomes the latest LuSE listed company to announce weaker half-year results during a period that has seen inflation rise beyond the central bank’s target range of between 6 […]

Banking, ZANACO plcApril 25, 2019

Weaker PMI signals weaker economic activity: ZANACO Bank
Zambia’s economic activity deteriorated in March 2019 with the PMI dipping below the benchmark of 50 once again; largely due to decreased demand occasioned by tighter spending patterns of economic agents, according to ZANACO’s Treasury Unit March 2019 Monthly Economic Review and Outlook Report. The gains of February 2019 in Purchasing Manager confidence were quickly […]

Banking, ZANACO plcMarch 13, 2019

Zanaco PLC – 2018 Performance Analysis
Corporate Bio and Ownership Structure Zambia National Commercial Bank (Zanaco) Plc was established in 1969 to provide financial services to the Zambian economy and is now a leading Bank nationwide. In 2007, the Zambian Government sold a 49% stake to Rabo Development B.V. a subsidiary of the Cooperative Centrale Raiffeisen-Boerenleen Bank (Rabobank) of the Netherlands.  […]