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BancABC

African Banking Corporation Zambia is a retail bank in Zambia.

BancABC Zambia is a retail bank with more than 50,000 clients. BancABC Zambia is a registered clearing bank and a member of the Bankers Association of Zambia (BAZ). For the past ten years, the focus has been on providing Zambians with affordable, accessible and simplified banking – delivered with fast turn-around and personal service.

The Bank’s underlying philosophy is to use innovative modern technology to drive down costs, to increase accessibility and to simplify client processes. There are currently 19 outlets spread throughout the 9 provinces of Zambia, conveniently placed where people work, shop and commute.

The Bank’s core activities include simplified transacting, savings and short- to medium-term lending facilities and also a wide range of SME and corporate lending products to cater for the needs of Zambia’s emerging businesses.

BancABC is Norfund's first direct investment in Zambia.

Facts

  • Sector: Financial services
  • Investment year: 2011
  • Instrument: Loan
  • Committed amount (MNOK): 18.5