Atlas Mara Bank Zambia Limited in Zambia

Atlas Mara Bank Zambia Limited has a significant presence in Zambia, with a strong focus on financial inclusion. The bank offers a range of banking services to individuals, businesses, and the public sector.

The bank's commitment to financial inclusion is evident in its efforts to expand access to banking services to rural and underserved areas. Atlas Mara Bank Zambia Limited has a network of branches and agents across the country.

One of the bank's key initiatives is its mobile banking service, which allows customers to conduct financial transactions using their mobile phones. This service has been particularly popular among rural customers who may not have access to traditional banking services.

Atlas Mara Bank Zambia Limited has a strong reputation in Zambia, with a focus on delivering excellent customer service and supporting the country's economic growth.

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Atlas Mara Bank Zambia Limited has a rich history that spans over two decades. The bank was formed through the acquisition of BancABC Zambia Limited in 2015.

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BancABC Zambia Limited was established in the early 2000s as part of the BancABC conglomerate. It was later acquired by Atlas Mara in August 2015.

Finance Bank Zambia Limited, on the other hand, was established in 1986 and acquired a banking license from the Bank of Zambia. Its main branch was located in Ndola, Zambia.

In November 2015, Atlas Mara declared its intention to acquire 100 percent shareholding in Finance Bank Zambia via stock and cash. The acquisition required regulatory approval.

Atlas Mara completed the acquisition of Finance Bank Zambia Limited on July 1, 2016, for $61 million in cash and 3.3 million shares of Atlas Mara stock. The bank also agreed to pay up to 1.3 million shares as deferred contingent consideration.

The merged entity, Atlas Mara Bank Zambia Limited, adopted its current name after the integration of BancABC Zambia and Finance Bank Zambia on December 1, 2016.

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Atlas Mara Bank Zambia Limited is a bank with a unique ownership structure. As of 1 December 2016, the stock of the bank was 100 percent owned by Atlas Mara, a financial services conglomerate.

Atlas Mara is headquartered in Tortola, British Virgin Islands, and its shares are traded on the London Stock Exchange.

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Atlas Mara, a financial services conglomerate, owned the bank 100 percent as of 1 December 2016. Its headquarters are located in Tortola, British Virgin Islands.

The bank's stock was traded on the London Stock Exchange.

Atlas Mara Bank Zambia Limited has a robust branch network across the country, with a total of 32 branches. The bank's extensive reach allows it to cater to a diverse range of customers.

The bank's services are designed to meet the needs of individuals, businesses, and organizations, with a focus on providing convenient and accessible banking solutions.

The bank's headquarters are located in Atlas Mara House, at the corner of Church Road and Nasser Road, in Lusaka, the capital and largest city of Zambia.

The exact coordinates of the bank's headquarters are 15°25'08.0"S, 28°18'02.0"E, which can also be represented as Latitude:-15.418889; Longitude:28.300556.

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Atlas Mara Bank Zambia has a significant presence in the country, with a main office and a network of branches and agencies.

They maintained a total of 89 branches and agencies as of December 2016.

These branches are strategically located in all major metropolitan areas of Zambia.

This extensive network allows the bank to provide convenient access to its services for customers across the country.

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Koni Bambani, the CEO of Atlas Mara Bank Zambia Limited, expressed optimism about the bank's performance in 2016, stating that they had made significant progress in improving their financial health.

The bank's non-performing loans decreased by 5.1% in 2016, a notable improvement from the 4.3% increase in 2015.

Atlas Mara Bank Zambia Limited's revenue increased by 31% in 2016, driven by a 27% growth in interest income.

The bank's cost-to-income ratio improved significantly, dropping from 76.4% in 2015 to 73.5% in 2016.

Koni highlighted the bank's efforts to improve its risk management and governance practices as key factors contributing to its improved performance.

The bank's loan book grew by 21% in 2016, with a focus on lending to the retail and corporate sectors.

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