Barclays Bank of Zambia

Barclays Bank of Zambia
Private
Industry Banking
Founded January 1, 1918 (1918-01-01)
Headquarters Lusaka, Zambia
Key people
 Jacob Jones Sikazwe
Chairman
Saviour Chibiya
Managing Director[1]
Products Loans, credit cards, savings, investments, mortgages
Revenue ZMW:161.2 million (US$16.6 million) (2015)[1]
Total assets ZMW:9.067 billion (US$931.6 million) (2015)[1]
Number of employees
 1,204 (2017)[2]
Website Homepage

Barclays Bank of Zambia, is a commercial bank in Zambia. It is licensed by the Bank of Zambia, the central bank and national banking regulator.[3]

Location

The headquarters and main branch of Barclays Bank of Zambia are located at 4643 and 4644 Elunda Office Park, Addis Ababa Round About, in the city of Lusaka, Zambia's capital city.[1] The geographical coordinates of the bank's headquarters are: 15°24'49.0"S, 28°18'11.0"E (Latitude:-15.413611; Longitude:28.303056).[4]

Overview

The bank is a large financial institution in Zambia. The institution serves the banking needs of large corporations, small and medium sized enterprises, individuals and government departments. As of 31 December 2015, the bank's total assets were valued at ZMW:9.067 billion (US$931.6 million), with shareholders' equity of ZMW:930.4 million (US$95.6 million).[5] As of December 2017, the bank employed 1,204 people in Zambia.[2]

History

According to its website, Barclays Bank has been present in Zambia since 1918. However, the bank was licensed in its present form in 1974. The bank is a member of the Absa Group Limited, which was a subsidiary of Barclays Bank Plc., until June 2017, when Barclays Plc decided to sell down its shares in the group.[6] In March 2018, Barclays Africa Group made a decision to re-brand to Absa Group.[7]

Branch network

As of March 2018, the bank maintained a network of over 70 branches.[8]

Governance

The Chairman of the seven person Board of Directors of Barclays Bank Zambia, is Jacob Jones Sikazwe, one of the non-Executive Directors. Saviour Chibiya, serves as the Managing Director of the bank.[1]

See also

References

  1. 1 2 3 4 5 Barclays Bank Zambia (30 March 2016). "Barclays Bank Zambia: Annual Report for the Year Ended 31 December 2015". Lusaka: Barclays Bank Zambia Limited. Retrieved 30 April 2018.
  2. 1 2 Barclays Bank Zambia (31 December 2017). "Welcome to Barclays Zambia: Get to Know Us: Key Facts". Lusaka: Barclays Bank Zambia Limited. Retrieved 23 April 2018.
  3. ↑ Bank of Zambia (30 April 2018). "Bank of Zambia: List of Licensed Commercial Banks". Lusaka: Bank of Zambia. Retrieved 30 April 2018.
  4. ↑ Google (30 April 2018). "Location of the Headquarters of Barclays Bank Zambia Limited" (Map). Google Maps. Google. Retrieved 30 April 2018.
  5. ↑ Barclays Bank Zambia. "Barclays Bank Zimbabwe Annual Report for the Year Ended 31 December 2015" (PDF). Lusaka: Barclays Bank Zambia Limited. Retrieved 30 April 2018.
  6. ↑ Anjuli Davies, and Tiisetso Motsoeneng (1 June 2017). "Barclays makes early African exit with $2.8 billion share sale". Reuters. Retrieved 30 April 2018.
  7. ↑ Editor06 (2 March 2018). "Barclays Africa Group Rebrands to Absa Group Limited". Lusaka: Tumufweko.com. Retrieved 30 April 2018.
  8. ↑ Chulu, Kabanda (March 13, 2018). "Barclays Bank goes Absa Bank". Lusaka: Zambia Daily Mail. Retrieved 30 April 2018.

Coordinates: 15°24′49″S 28°18′11″E / 15.41361°S 28.30306°E / -15.41361; 28.30306

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