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Finance
The group continues to position itself for the future,
putting its customers and clients at the center of ev-
erything it does. In line with the realities of risk, regu-
lation, technology, and competition that are shaping
the African landscape, it is investing significantly in
its diversified operations, its people and culture, its
systems and infrastructure, and its brand.
Standard Chartered Bank
Andrew Okai
CEO
Cairo Road
P.O. Box 32238, Lusaka
Tel: +260 211 222 046
Fax: +260 211 225 148
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Standard Chartered has a history of over 150 years in
banking and operates in many of the world’s fastest
growing markets. It has an extensive global network
of over 1,700 branches (including subsidiaries, as-
sociates, and joint ventures) in 70 countries through-
out the Asia Pacific Region, South Asia, the Middle
East, Africa, Europe, and the Americas. As one of the
world’s most international banks, Standard Chartered
employs over 75,000 people, nearly half of whom are
women, representing over 125 nationalities worldwide.
Standard Chartered Zambia was established in 1906.
As of 2010, they were ranked as one of the coun-
try’s top 3 banks and employ over 600 people with
20 branches across the country. Standard Chartered
Bank Zambia Plc. is also listed on the Lusaka Stock
Exchange (LuSE).
The bank serves both retail and corporate custom-
ers. Standard Chartered’s retail banking offers a wide
range of personal banking products and services in-
cluding: SME banking, transactional current accounts,
savings accounts, VISA Electron debit cards, personal
loans, mobile banking, and wealth management prod-
ucts. They stand out as leaders in the market through
their countrywide branch network, expert driven bank-
ing, financial advice, cash management solutions, and
world-class trade services.
Their corporate banking services offer corporate and
institutional clients flexible financial services to meet
their needs. These services include foreign exchange
management, cash management, online banking,
trade services, premium service banking, Global Proj-
ect Plus, and one-stop banking solutions.
These services encompass the full spectrum of re-
quired products available to donor agencies and
suppliers throughout Standard Chartered’s global net-
work. The bank also provides quality advice and infor-
mation on currencies, interest rates, and risk manage-
ment to customers.
The Bank
ers Association of Zambia
Clerggy Mweemba Simatyaba
Chairman
Mukuba Pension House
P.O. Box 34180, Lusaka
Tel: +260 211 234 208
Fax: +260 211 233 046
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The Bankers Association of Zambia (BAZ) is an in-
dustry body representing the 19 registered commer-
cial banks in Zambia. These include both Zambian
and international banks. The Bankers Association of
Zambia is the mandated representative of the com-
mercial banking sector and addresses industry is-
sues such as lobbying, policy influence, and guiding
transformation in the sector. BAZ also acts as a cata-
lyst for constructive and sustainable change in the
sector, research and development, and does engage
with critical stakeholders like the Government of
Zambia, Bank of Zambia, Securities and Exchange
Commission (SEC), Pensions and Insurance Author-
ity (PIA), and the Competition and Consumer Protec-
tion Commission. BAZ works to ensure the banking
industry views are put forward when Government
determines policy or legislation. The association also
ensures the banking system can continue to deliver
the benefits of competition to the Zambian banking
customers.
BAZ’ broad role is to establish and maintain the best
possible platform on which banks can do responsi-
ble, competitive, and profitable banking. The critical
role of BAZ is to work with its members to enable
this broad role within the context of the transforma-
tion challenges the country is addressing—particu-
larly under the Financial Sector Development Plan
(FSDP).
The Bankers Association of Zambia (BAZ) traces
its history back to the late 1980s when a few inter-
national banks operating in Zambia came together
to form a lobbyist team to further the interest of its
members during the period after nationalization
