Standard Chartered Bank (Zambia)
Encyclopedia
Standard Chartered Bank Plc., commonly known as Stanchart Zambia, is a commercial bank
in Zambia
. It is one of the eighteen (18) commercial banks licensed by the Bank of Zambia
, the national banking regulator.
of Stanchart Zambia are listed on the Lusaka Stock Exchange
(LuSE), where they trade under the symbol: SCZ.
, an International financial services conglomerate
, headquartered in London
in the United Kingdom
, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.
, a native of Zambia
, who has been with the Standard Chartered Bank Group
since 1994. She is the first Zambian Chief Executive Officer
at the bank, since its founding in 1906 and is the first woman to hold that position. , she is the only female bank chief executive in all the thirteen (13) subsidiaries which Standard Chartered Bank maintains in Sub-Saharan Africa
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
. It is one of the eighteen (18) commercial banks licensed by the Bank of Zambia
Bank of Zambia
The Bank of Zambia is the central bank of Zambia. According to its website, the principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country.The bank's offices are located in Lusaka....
, the national banking regulator.
Overview
Stanchart Zambia is a large bank, serving large corporate clients, upscale retail customers and medium to large business enterprises. As of December 2007, it was one of the largest commercial banks in Zambia, by assets, controlling an estimated 20% of all commercial bank assets in the country.History
The bank was established in 1906. The shares of stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
of Stanchart Zambia are listed on the Lusaka Stock Exchange
Lusaka Stock Exchange
The Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.Background...
(LuSE), where they trade under the symbol: SCZ.
Ownership
Stanchart Zambia is a subsidiary of the Standard Chartered Bank GroupStandard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
, an International financial services conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
, headquartered in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, with operations in more than seventy countries and a network of over 1,700 branches, employing in excess of 73,000 people.
Branch network
As of March 2011, the bank has a network of Eighteen (18) interconnected branches at the following locations:- Head Office - Standard Chartered House, Cairo Road, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Buteko Branch - Buketo Avenue, NdolaNdolaNdola is the third largest city in Zambia, with a population of 495,000 . It is the industrial, commercial, on the Copperbelt, Zambia's copper-mining region, and capital of Copperbelt Province. It is also the commercial capital city of Zambia and has one of the three international airports, others...
- Chililabombwe Branch - ChililabombweChililabombweChililabombwe is a city located in Zambia's Copperbelt Province. The name means 'place of the croaking frog'.The main economic activity is the mining of copper....
- Chingola Branch - ChingolaChingolaChingola is a city in Zambia's Copperbelt Province, the country's copper-mining region, with a population of 157,340 . It is the home of Nchanga Copper Mine, a deep-shaft high-grade content copper mining operation, which subsequently led to the development of two open pit operations, Chingola...
- Choma Branch - ChomaChomaChoma is a market town in the Southern Province of Zambia, lying on the main road and railway from Lusaka to Livingstone. It is home to a small museum dedicated to the cultural heritage of the Tonga people of southern Zambia. The population of Choma is said to be about 40,000 people and it...
- Crossroads Branch - Crossroads, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Fallspark Branch - Fallspark, LivingstoneLivingstone, ZambiaLivingstone or Maramba is a historic colonial city and present capital of the Southern Province of Zambia, a tourism centre for the Victoria Falls lying north of the Zambezi River, and a border town with road and rail connections to Zimbabwe on the other side of the Falls...
- Kabulonga Branch - Kabulonga Shopping Center, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Kasama Branch - KasamaKasama, ZambiaKasama is the capital of the Northern Province of Zambia, situated on the central-southern African plateau at an elevation of about 1400 m. Its population, according to the 2000 census, is approximately 200,000. It grew considerably in the 1970s and 1980s after construction of the TAZARA Railway...
- Kitwe Branch - Zambia Way, KitweKitweKitwe is the second largest city in terms of size and population in Zambia. With a population of 547,700 Kitwe is one of the most developed commercial and industrial areas in the nation, alongside Ndola and Lusaka...
- Livingstone Branch - LivingstoneLivingstone, ZambiaLivingstone or Maramba is a historic colonial city and present capital of the Southern Province of Zambia, a tourism centre for the Victoria Falls lying north of the Zambezi River, and a border town with road and rail connections to Zimbabwe on the other side of the Falls...
- Luanshya Branch - LuanshyaLuanshyaLuanshya is a town in Zambia, in the Copperbelt Province near Ndola. It has a population of 117,579 .Luanshya was founded in the early part of the 20th century after a prospector/explorer, William Collier, shot and killed a Roan Antelope on the banks of the Luanshya River, discovering a copper...
- Manda Hill Branch - Manda Hill Shopping Center, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Mazabuka Branch - MazabukaMazabukaMazabuka is a town in the Southern Province of Zambia, lying south west of Lusaka, on the main road and railway to Livingstone. The town has grown around sugar cane plantations, and currently Zambia Sugar is Zambia's leading sugar producer. It lies near the Mwanachingwala Conservation Area...
- Mongu Branch - MonguMonguMongu is the capital of Western Province in Zambia and was the capital of the formerly-named province and historic state, Barotseland. Its population is 44,310 , and it is also headquarters of Mongu District.-Geography:...
- Ndola South Branch - Ndola South, NdolaNdolaNdola is the third largest city in Zambia, with a population of 495,000 . It is the industrial, commercial, on the Copperbelt, Zambia's copper-mining region, and capital of Copperbelt Province. It is also the commercial capital city of Zambia and has one of the three international airports, others...
- North End Branch - North End, LusakaLusakaLusaka is the capital and largest city of Zambia. It is located in the southern part of the central plateau, at an elevation of about 1,300 metres . It has a population of about 1.7 million . It is a commercial centre as well as the centre of government, and the four main highways of Zambia head...
- Solwezi Branch - SolweziSolweziSolwezi is the capital of the North Western Province of Zambia. Solwezi has approximately 65,000 inhabitants at an elevation of 1235 m above sea level...
Management Board
The Managing Director of Standard Chartered Bank (Zambia), is Mizinga MeluMizinga Melu
Mizinga Melu, is a Zambian businesswoman, accountant, and bank executive. She is the current Managing Director and Chief Executive Officer, of Standard Chartered Bank Zambia Limited. She was appointed to that position in January 2008....
, a native of Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
, who has been with the Standard Chartered Bank Group
Standard Chartered Bank
Standard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
since 1994. She is the first Zambian Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
at the bank, since its founding in 1906 and is the first woman to hold that position. , she is the only female bank chief executive in all the thirteen (13) subsidiaries which Standard Chartered Bank maintains in Sub-Saharan Africa
Sub-Saharan Africa
Sub-Saharan Africa as a geographical term refers to the area of the African continent which lies south of the Sahara. A political definition of Sub-Saharan Africa, instead, covers all African countries which are fully or partially located south of the Sahara...
.
See also
- List of banks in Zambia
- Standard Chartered BankStandard Chartered BankStandard Chartered PLC is a multinational financial services company headquartered in London, United Kingdom with operations in more than seventy countries...
- Mizinga MeluMizinga MeluMizinga Melu, is a Zambian businesswoman, accountant, and bank executive. She is the current Managing Director and Chief Executive Officer, of Standard Chartered Bank Zambia Limited. She was appointed to that position in January 2008....
- Standard Chartered Bank (Uganda)Standard Chartered Bank (Uganda)Standard Chartered Bank Limited, commonly known as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the national banking regulator.-Overview:...
- Lusaka Stock ExchangeLusaka Stock ExchangeThe Lusaka Stock Exchange is the principal stock exchange of Zambia. Founded in 1993, it is located in Lusaka. The LuSE is a member of the African Stock Exchanges Association.Background...