Barclays Bank of Zambia, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.
Video Barclays Bank of Zambia
Location
The headquarters and main branch of Barclays Bank of Zambia are located at 4643 and 4644 Elunda Office Park, Addis Ababa Round About, in the city of Lusaka, Zambia's capital city. The geographical coordinates of the bank's headquarters are: 15°24'49.0"S, 28°18'11.0"E (Latitude:-15.413611; Longitude:28.303056).
Maps Barclays Bank of Zambia
Overview
The bank is a large financial institution in Zambia. The institution serves the banking needs of large corporations, small and medium sized enterprises, individuals and government departments. As of 31 December 2015, the bank's total assets were valued at ZMW:9.067 billion (US$931.6 million), with shareholders' equity of ZMW:930.4 million (US$95.6 million). As of December 2017, the bank employed 1,204 people in Zambia.
History
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 member of the Absa Group Limited, which was a subsidiary of Barclays Bank Plc., until June 2017, when Barclays Plc decided to sell down its shares in the group. In March 2018, Barclays Africa Group made a decision to re-brand to Absa Group.
Branch network
As of March 2018, the bank maintained a network of over 70 branches.
Governance
The Chairman of the seven person Board of Directors of Barclays Bank Zambia, is Jacob Jones Sikazwe, one of the non-Executive Directors. Saviour Chibiya, serves as the Managing Director of the bank.
See also
References
External links
- Website of Barclays Bank Zambia
- Website of Bank of Zambia
Source of the article : Wikipedia
0 Comments