About
Zambia National Commercial Bank Plc (Zanaco) is Zambia's oldest and most widely distributed commercial bank, established in 1969 to serve the financial needs of the Zambian economy. Listed on the Lusaka Securities Exchange, Zanaco is a full-service bank offering retail, corporate, investment and digital banking services to individuals, SMEs, large corporates and government entities across Zambia. With a nationwide branch and ATM network, Zanaco holds one of the strongest brand recognitions in Zambia's financial sector. The bank is a key financier of Zambia's mining sector, offering project finance, trade finance, commodity hedging, treasury services and working capital solutions to mining companies, contractors and suppliers operating in the Copperbelt and North Western Province. Zanaco recorded profit after tax growth of 24% in its most recent financial year, driven by a 20% increase in operating income and strong growth in digital channels and fee income. Total assets grew 10% with a current market capitalisation of ZMW 14 billion.
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