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Finance
babwe Stock Exchange. The Group’s shareholders
include, Old Mutual, Botswana Insurance Fund, and
the International Finance Corporation. The Man-
agement of BancABC, most of whom have a long-
standing history with the bank, also holds significant
shares within the Group, offering much needed sta-
bility to all stakeholders.
Bank
of China (
Zambia)
Limited
Ben Bella Road
P.O. Box 34550, Lusaka
Tel: +260 211 238 686
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Established in 1997, BOC (Z) Ltd. is the first wholly
owned subsidiary of BOC in Africa, and it is also the
first Chinese financial institution in Africa.
As a fully-licensed bank, BOC (Z) Ltd. is headquar-
tered in Lusaka. The Kitwe branch opened in Janu-
ary 2012.
The bank provides both corporate and personal ser-
vices, including credit facility, account services, in-
ternational settlement, exchange services, Chinese
RMB services, and so on.
As China’s most international and diversified bank,
the bank provides a comprehensive range of finan-
cial services to customers across the Chinese main-
land, Hong Kong, Macau, Taiwan, and 37 countries.
The bank’s core business is commercial banking,
including corporate banking, personal banking,
and financial markets services. BOC International
Holdings Limited, a wholly owned subsidiary, is
the bank’s investment banking arm. Bank of China
Group Insurance Company Limited and Bank of
China Insurance Company Limited, both wholly
owned subsidiaries, run the bank’s insurance busi-
ness. Bank of China Group Investment Limited, a
wholly owned subsidiary, undertakes the bank’s
direct investment and investment management
business. Bank of China Investment Management
Company Ltd., a controlled subsidiary, operates the
bank’s fund management business. BOC Aviation
Pte. Ltd., a wholly owned subsidiary, is in charge of
the bank’s aircraft leasing business.
Bank of China has upheld the spirit of “pursuing
excellence” throughout its hundred-year history.
With adoration of the nation in its soul, integrity
as its backbone, reform and innovation as its path
forward, and “people first” as its guiding principle,
the bank has built up an excellent brand image that
is widely recognized within the industry and by its
customers. Faced with new historic opportunities,
the bank will meet its social responsibilities, strive
for excellence, and make further contributions to
achieving the China Dream and the great rejuvena-
tion of the Chinese nation.
Bank
of Zambia
Dr. Denny Kalyalya
Governor of Bank of Zambia
Square Cairo Road
P.O. Box 10080, Lusaka
Tel: +260 211 228 888
Fax: +260 211 221 722
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The Bank of Zambia is the central bank of the coun-
try.
The Bank of Zambia was established to take over
the Bank of Northern Rhodesia on 7 August 1964.
The Bank of Northern Rhodesia was itself constitut-
ed from the Lusaka branch of the Bank of Rhodesia
and Nyasaland after it broke up with the Federation
of Rhodesia and Nyasaland on 31 December 1963.
The bank started operations with about 100 staff or-
ganized around only two departments, namely the
Chief Cashier’s or General Manager’s department
and the Secretary’s department.
Barcl
ay
s Bank
of Zambia
Saviour Chibiya
Managing Director
Addis Ababa Roundabout
Lusaka
Tel: +260 211 366 159
Fax: +260 211 225 553
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This bank is a large financial institution in Zambia,
accounting for 17 percent of commercial banking
