Largest Banks in Zambia

The top largest banks in Zambia include Zanaco, Standard Chartered Bank Zambia, Barclays Zambia, Stanbic Bank, etc.

Zambia National Commercial Bank (Zanaco) is one of the largest banks in the country. It was established by the Government of the Republic of Zambia in 1969. Zanaco partnered with Rabo bank, a highly credible bank with a triple AAA rating (the highest rating) of the Netherlands in April 2007.

Standard Chartered Bank (SCB) Zambia Plc has been operating in Zambia since 1906, consistently providing world-class solutions to its customers. SCB Zambia was the most profitable bank in the country in 2006. It has received Bank of the Year Award 2003, 2004 and 2005 from The Banker Magazine. Other awards include: Best emerging market Bank Award 2004, 2005 and 2006 (from Global Finance magazine); The Best Trade Finance Bank in Sub-Saharan Africa 2005 (from Trade Finance); etc.

Barclays Zambia was established in 1918 and is the largest private bank in the country, with offices, branches and sales centres throughout the country. In 1991 Barclays opened the first business banking centre in the country, in the capital city, Lusaka.

Stanbic Bank in Zambia is part of one of Africa's top leading banking and financial services groups, Standard Bank Group Limited, which is based in South Africa and listed on the Johannesburg Securities Exchange. Standard Bank has the largest presence in Africa of any African bank.

* Next: Stock Brokers in Zambia