AB Bank Zambia

AB Bank Zambia is a commercial bank in Zambia, licensed by the Bank of Zambia and by the national banking regulator.[1] It is a member of AccessHolding, a banking group which operates a network of commercial banks and microfinance institutions in developing and transition countries with a target group focus on micro, small and medium-sized enterprises.[2]

Main Location

The headquarters of AB Bank Zambia are located on Chainda Place, in Lusaka, the capital and largest city in the country. The coordinates of the bank's headquarters are: 15°25'23.0"S, 28°17'01.0"E (Latitude:-15.423053; Longitude:28.283612).[3]

Overview

The bank began operations on 18 October 2011, following the issuance of a commercial banking license by the Bank of Zambia. The bank's shareholders are five international development institutions. The target clientele of the bank are Zambian micro, small and medium-sized businesses, who have been left out of the formal economy by the traditional commercial banks. The bank also targets low income earners in the country.[4] The bank maintains a facility for small-scale farmers.[5]

Shareholding

The shareholding in the stock of the bank, is as illustrated in the table below:[6]

• Note: Incofin is an international development fund that invests in microfinance institutions that serve under-served populations, especially those serving agricultural communities.

Branches

As of April 2016, the bank maintains branches at the following locations:[9]

• 1) Cairo Road Branch - Chainda Place, Off Cairo Road, Lusaka Main Branch
• 2) Chilenje Branch - Chilenje Shopping Mall, Muraba Road, Chilenje, Lusaka
• 3) Matero Branch - B & J Building, Commonwealth Road, Matero, Lusaka
• 4) Kalingalinga Branch - Alick Nkhata Road, Kalingalinga
• 5) Chelston Branch - Chelston Bazzar Complex, Chelston
• 6) Garden Branch - Garden Township, Lusaka.[10]
• 7) Kitwe Branch - Kitwe[10]

See also

• AccessHolding
• List of banks in Zambia