Barclays Bank (Zambia)

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Barclays Bank Zambia Plc
Private
Industry Banking
Founded 1918
Headquarters Lusaka, Zambia
Key people
Saviour Chibiya
Managing Director
Products Loans, credit cards, savings, investments, mortgages
Number of employees
1,1,00 (2012)
Website Homepage

Barclays Bank Zambia Plc, also known as Barclays Bank of Zambia, is a commercial bank in Zambia. It is one of the commercial banks licensed by the Bank of Zambia, the national banking regulator.[1]

Overview[edit]

The bank is a large financial institution in Zambia, accounting for 17% of commercial banking assets and about 16% of commercial banking deposits in the country in 2012. At that time, Barclays Bank of Zambia was one of the largest private bank in Zambia, by assets.[2] The institution serves the banking needs of large and small business customers as well as individuals, employing over 1,100 people in Zambia.[3] The bank has widest network of Point of Sale terminals which facilitate the use of debit and credit card transactions in Zambia. The bank has also invested in state of the art electronic banking and mobile banking platforms for its customers.

History[edit]

According to its website, Barclays Bank has been present in Zambia since 1918. However, the bank was licensed in its present form in 1974. The bank is a subsidiary of Barclays Bank Plc., an International financial services conglomerate, whose shares of stock are listed on the London Stock Exchange under the symbol: BARC and on the New York Stock Exchange (NYSE) under the symbol: BCS.

Branch network[edit]

As of May 2012, the bank maintains a network of more than 55 branches and 170 ATMs in all provinces of Zambia.

Governance[edit]

The Chairman of the ten (10) person Board of Directors of Barclays Bank (Zambia), is Jacob Sikazwe, one of the non-Executive Directors. Saviour Chibiya, serves as the Managing Director of the bank.[4]

See also[edit]

References[edit]

External links[edit]