Zambia National Commercial Bank

Zanaco was founded in 1969 by the Government of Zambia. Prior to 2007, the bank was 100 percent owned by the government. In that year, 49 percent of its shares were sold to the Rabobank Group, a banking company from the Netherlands. In 2008, the shares of Zanaco were listed on the Lusaka Stock Exchange (LUSE), where they trade under the symbol: (ZANACO). According to the bank's quarterly financial statements as of 30 June 2022, net income was ZMW29.42m. The current shareholding in the bank is detailed under ownership.

Location

The bank's headquarters and main branch are located in Zanaco House, at the corner of Cairo Road and Chainda Place, in the central business district of Lusaka, the capital and largest city in Zambia. The address is 2118–2121 Cairo Road, Lusaka, Zambia. The coordinates of the bank's headquarters are: 15°25'25.0"S, 28°17'00.0"E (Latitude:-15.423611; Longitude:28.283333).

Branch Network

Zanaco's main branch is located at the bank's headquarters in Lusaka, Zambia's capital and largest city. As of December 2022, the bank had one of the largest distribution networks in the country with 62 branches and agencies and almost 200 automated teller machines, spread across the entire country. In addition, Zanaco has over 21,000 Zanaco Xpress agents, a partnership which allows Zanaco customers to deposit and withdraw funds from their accounts in both rural and urban locales.

Community service

Zanaco is the sponsor of Zanaco FC, a football club based in Lusaka, the capital city of Zambia.