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Finance
ACCESS BANK ZAMBIA LIMITED
AON ZAMBIA LIMITED
• Finalization of the Sovereign Credit Rating for Zambia
• Dissemination of findings of the second FinScope
Consumer Survey.
• Finalization of the proposed modernisation and har-
monisation of financial sector legislation under the law
review exercise.
• A study on reforming the financial sector tax regime
• Development of a framework for channelling long-term
funds through a wholesale or apex financial institution.
Mukwandi Chibesakunda
Managing Director
Plot 682 Cairo Road (North End)
PO Box 35273 Lusaka
Tel: +260-211-227941
Fax: +260-211-227959
mukwandi.chibesakunda@accessbankplc.com
www.accessbankplc.com
Access Bank Zambia Limited was launched in Sep-
tember 2008. Access is positioned to become a leading
force in the Zambian financial services front in line with
the Access Bank Group model.
The Access Bank Group is a Nigerian based bank.
The group serves over two million customers from 130
branches located in all major commercial centres and
cities across Nigeria, eight other African countries (Bu-
rundi, Côte d’Ivoire, Democratic Republic of the Congo,
Ghana, Rwanda, Sierra Leone, The Gambia, Zambia),
the United Kingdom, and three non-banking subsidi-
aries - United Securities Limited, Access Homes and
Mortgages Limited, and Access Investment and Se-
curities. They are currently one of the largest banks in
Nigeria with shareholder’s funds in excess of USD 1.23
billion, Assets and Contingents in excess of USD 5.64
billion and a deposit base in excess of USD 3 billion.
Access Bank Zambia aims to be ranked among the top
5 banks in Zambia by the year 2012 as measured by
profitability and innovation. This includes their deposit
base, exceptional customer service delivery, trade fi-
nance, structured trade and practice of Corporate Gov-
ernance. They intend to increase their branch network
to 5 branches by the year-end of 2011.
Access Bank has been a trailblazer in the market, ini-
tiating many unique innovations to the Zambian finan-
cial services market. They were the first bank to issue
customers electronic statements and they were the first
to offer Credit Cards. Their Access Credit Card and
Visa debit card are equipped with Chip and Pin tech-
nology, which offers the latest safety features available
Vincent Witt
Managing Director
3rd Floor Farmers House
Central Park Cairo Rd.
PO Box 35403 Lusaka
Tel: +260-211- 236685 / 6
Fax: +260-211-236688
vince_witt@aon.co.zm
www.aon.co.zm
Aon is a company that specialises in the brokerage
of insurance services and products as well as the
provision of risk consultancy services. With over
600 offices in more than 125 countries, Aon is a true
leader within its sector.
Aon has demonstrated its commitment to Africa, with
an unrivalled network of subsidiaries in 16 countries
and correspondent offices in a further 12.
worldwide. They also provide mobile banking solutions,
which enable their customers to receive SMS alerts on
all account activity.
Access Bank’s key differentiation strategy lies with their
advanced technological platform. This has provided
them with the capacity to launch certain products very
quickly onto the market and meet their customer’s
needs.
They actively work on creating tailored financial solu-
tions by developing unique structures to accommodate
both SMEs and larger corporate clients. Therefore, they
have positioned themselves as an active institution di-
rectly contributing to the growth and development of the
Zambian economy.
Their vision is to transform Access Bank into a world-
class financial service provider, while upholding their
mission of going beyond the ordinary and delivering the
perceived impossible in the quest for excellence.
“When Access entered the Zambian market, we rec-
ognized that the market was ripe for someone coming
in with a different approach. Access has managed to
achieve this new approach to banking by understand-
ing what their customers required in financial services.
We are now well placed to ascend to where we want to
be and all we need to do is maintain our trajectory and
keep growing.”
Mukwandi Chibesakunda
Managing Director