• Source: AB Bank Zambia

      • AB Bank Zambia is a commercial bank in Zambia, licensed by the Bank of Zambia and by the national banking regulator. 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.


      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).


      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. The bank maintains a facility for small-scale farmers.


      Shareholding


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

      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:

      Cairo Road Branch - Chainda Place, Off Cairo Road, Lusaka Main Branch
      Chilenje Branch - Chilenje Shopping Mall, Muraba Road, Chilenje, Lusaka
      Matero Branch - B & J Building, Commonwealth Road, Matero, Lusaka
      Kalingalinga Branch - Alick Nkhata Road, Kalingalinga
      Chelston Branch - Chelston Bazzar Complex, Chelston
      Garden Branch - Garden Township, Lusaka.
      Kitwe Branch - Kitwe


      See also


      AccessHolding
      List of banks in Zambia


      References



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