Standard Chartered Zambia

Standard Chartered Zambia, officially Standard Chartered Bank Zambia Plc, commonly known as is a Stanchart Zambia, 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.[4]

Standard Chartered Bank Zambia
Company typePublic
IndustryFinancial services
FoundedJanuary 1, 1906; 118 years ago (1906-01-01)
Key people
Dr Caleb M Fundanga
Sonny Zulu
Managing Director & CEO[1]
ProductsLoans, Checking, Savings, Investments, Debit Cards
RevenueIncrease ZMW:1,322.3 million (US75.8 million) (2021) [2]
Increase ZMW: 355.9 million (US20.4 million) (2021) [2]
Total assetsDecrease ZMW: 13,272.7 million (US761.6 million) (2021) [2]
Total equityIncrease ZMW: 1,154.0 million (US66.2 million) (2021) [2]
Number of employees
706 (2017)[3]
ParentStandard Chartered Edit this at Wikidata

The bank serves 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).[3]

Stanchart Zambia in partnership with BongoHive runs a programme for female-led and founded businesses called Standard Chartered Women in Technology.[5] This program won the Best Tech-For-Women Initiative award at The Techtrends Zambia Awards 2021.[6]

History edit

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.[7]

Ownership edit

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. As of December 2017, the shares of stock of Standard Chartered Bank Zambia Limited was owned by the following entities.[3]

Standard Chartered Zambia stock ownership
Rank Name of Owner Percentage Ownership
1 Standard Chartered Holdings (Africa) BV1 90.00
2 Others via the Lusaka Stock Exchange 10.00
Total 100.00

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

Location edit

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.[3]

See also edit

References edit

  1. ^ Mark Keith Muhumuza (20 February 2017). "Kasekende to head Standard Chartered Bank in Zambia". Daily Monitor. Kampala. Retrieved 2 May 2018.
  2. ^ a b c d "zm-scz-2021-ab-00". African Financials. 11 March 2022. Retrieved 21 April 2022.
  3. ^ a b c d 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.
  4. ^ Bank of Zambia (2 May 2018). "List of Licensed Commercial Banks in Zambia". Lusaka: Bank of Zambia. Retrieved 2 May 2018.
  5. ^ "Standard Chartered Women in Tech by BongoHive Innovation & Technology Hub". VC4A. Retrieved 2022-05-15.
  6. ^ Sandi (12 May 2022). "The Techtrends Zambia Awards 2021 Winners". Techtrends Zambia. Retrieved 15 May 2022.
  7. ^ Lusaka Stock Exchange (3 May 2018). "The Companies Listed on the Lusaka Stock Exchange". Lusaka: Lusaka Stock Exchange. Retrieved 3 May 2018.

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