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In November 2016, the Bank of Zambia took possession of the Intermarket Banking Corporation Zambia Limited, a commercial bank, which had become insolvent and unable to meet its financial obligations. In February 2017, the central bank announced that it would re-structure Intermarket Bank, to enable it to re-open. [2]
Ecobank Zambia Limited. First Alliance Bank Zambia Limited. First Capital Bank Zambia Limited. First National Bank of Zambia Limited [4] Indo-Zambia Bank Limited. Investrust Bank Zambia Limited. Stanbic Bank Zambia Limited. Standard Chartered Bank Zambia Plc. United Bank for Africa Zambia Limited [5]
Loans, Checking, Savings, Investments, Debit Cards. Website. Homepage. Intermarket Bank was a commercial bank in Zambia. The bank is one of the commercial banks licensed by the Bank of Zambia, the national banking regulator. [1]
On July 1, 1966, the parliament approved the arrangements of the decimal currency system (Act 40 of 1966), changing the main currency unit to Kwacha, with one kwacha being equal to 100 ngwee. The exchange rate was set to one kwacha equivalent to ten Zambian shillings, or one half of a Zambian pound. Thus, by January 16, 1968, all Zambian pound ...
The main branch of Investrust Bank Zambia Limited is located in Investrust House, at 4527 and 4527 Freedom Way, in the city of Lusaka, the largest city and capital of Zambia. [3] The geographical coordinates of the bank's main branch are: 15°25'23.0"S, 28°16'46.0"E (Latitude:-15.423056; Longitude:28.279444). [4]
Stanchart Zambia is a subsidiary of the Standard Chartered Bank, an International financial services conglomerate, headquartered in London in the United Kingdom, with operations in more than sixty countries and a network of over 1,700 branches, employing in excess of 86,000 people. As of December 2017, the shares of stock of Standard Chartered ...
The Governor is the head of the Bank of Zambia. As of August 2022, the Governor serves a six-year term, which will be renewable for further term of six years, after being nominated by the President of Zambia and confirmed by the National Assembly of Zambia following a new legislation – Bank of Zambia (BOZ) Act No. 5 of 2022. [14]
The interbank market is the top-level foreign exchange market where banks exchange different currencies. [1] The banks can either deal with one another directly, or through electronic brokering platforms. The Electronic Broking Services (EBS) and Thomson Reuters Dealing are the two competitors in the electronic brokering platform business and ...
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