Standard Chartered Zambia Business Operations and Structure

Standard Chartered Zambia is a well-established bank with a strong presence in the country. It has a long history dating back to 1914.

The bank's business operations are structured to cater to the diverse needs of its customers. This structure enables it to offer a wide range of financial services.

Standard Chartered Zambia has a network of branches and ATMs across the country, providing easy access to its services. This extensive network helps to reach a large number of customers.

The bank's structure also allows it to provide specialized services such as trade finance, cash management, and securities services. These services are designed to support businesses and individuals in their financial needs.

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Standard Chartered Bank Zambia Plc has reported its earnings results for the fourth quarter and full year ended December 31, 2024. The bank's financial performance is a key indicator of its overall health and stability.

The bank's earnings results are typically reported in January, with the most recent report coming on January 30. This is a crucial time for investors and stakeholders to assess the bank's financial performance.

Standard Chartered Bank Zambia Plc has been in the news recently due to sanctions imposed by the Securities and Exchange Commission (SEC) over the mis-selling of a China property bond. This incident occurred on January 11 and is a significant development for the bank.

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Standard Chartered Bank Zambia Plc has been in the news for some recent developments. Their earnings results for the fourth quarter and full year ended December 31, 2024, were reported on January 30.

The bank has also faced some sanctions from the Zambia Securities and Exchange Commission (SEC) over the mis-selling of a China property bond.

Standard Chartered Bank Zambia Plc is a well-known bank in the region.

The SEC has taken action against the bank, as reported on January 11, due to their involvement in the mis-selling of the China property bond.

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The bank's headquarters and main branch are located at Standard Chartered House, along Cairo Road, in Lusaka, the largest city and capital of Zambia.

You can find the exact location at 15°24′33″S28°16′48″E.

Standard Chartered Zambia is a well-established bank with a long history in the country.

The bank has been operating in Zambia since 1974, making it one of the oldest banks in the country.

Standard Chartered Zambia offers a wide range of financial services to individuals, businesses, and institutions.

Our company is a leading provider of innovative solutions, with a strong presence in the industry since 2010.

We offer a wide range of products and services, including software development, data analytics, and consulting.

Our team of experts has extensive experience in delivering high-quality solutions that meet our clients' needs.

We have a global reach, with offices in key locations around the world, including New York, London, and Tokyo.

Our company culture emphasizes innovation, collaboration, and customer satisfaction, which has earned us a reputation as a trusted partner in the industry.

We have a strong track record of delivering projects on time and within budget, with a high client satisfaction rate.

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Standard Chartered Zambia has a robust management structure in place, with a clear chain of command. The bank's leadership team is headed by the Managing Director, who oversees the overall strategy and direction of the bank.

The bank's organizational structure is divided into several key departments, including Retail Banking, Corporate and Institutional Banking, and Private Banking. Each department has its own dedicated team, led by experienced professionals who are experts in their field.

The bank's management team is responsible for making key decisions and driving growth, with a focus on innovation and customer satisfaction. With a strong leadership team in place, Standard Chartered Zambia is well-positioned to achieve its goals and continue to grow and develop as a major player in the Zambian banking sector.

Stanchart Zambia is a subsidiary of the Standard Chartered Bank, a global financial services company with operations in over sixty countries.

Standard Chartered Bank Zambia Limited has a clear ownership structure, with Standard Chartered Holdings (Africa) BV holding a significant majority stake of 90.00%.

The remaining 10.00% of shares are held by other entities through the Lusaka Stock Exchange.

Standard Chartered Holdings (Africa) BV is the largest shareholder, owning nearly all of the company's shares.

Here's a breakdown of the ownership structure:

The ownership structure of Standard Chartered Bank Zambia Limited is straightforward, with one entity holding the majority of shares.

The management team at Standard Chartered Bank Zambia Plc consists of several key individuals.

Sonny Zulu is the CEO, having taken on the role on June 30, 2022. He's 48 years old.

Kelvin Bwalya serves as the Director of Finance/CFO, a position he's held since March 31, 2020. He's 50 years old.

Audrey Malama is the Chief Tech/Sci/R&D Officer, appointed on June 30, 2021. Her age is not publicly disclosed.

Gladys Daka is the Chief Operating Officer, having started in the role on December 31, 2021. Unfortunately, her age is also not publicly available.

Peter Zulu has been the Compliance Officer since December 31, 2000, making him one of the longest-serving members of the team.

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Standard Chartered Bank Zambia Plc has a number of group companies that operate under its umbrella.

Standard Chartered Zambia Securities Services Nominees Ltd. is one such company, acting as a nominee/trust/depository and based in Lusaka, Zambia.

This company is part of the Standard Chartered Plc group and operates in the Regional Banks sector, specifically in the Finance category.

Here are some key facts about Standard Chartered Zambia Securities Services Nominees Ltd.:

In Zambia, Standard Chartered Bank Plc has seen significant growth in sales over the years.

Their sales in Zambia have increased from 781 million in 2019 to 865 million in 2020.

The bank's sales continued to rise, reaching 1.52 billion in 2021.

However, there was a slight decline in 2022, with sales reaching 1.21 billion.

Fortunately, the bank's sales bounced back in 2023, reaching 1.75 billion.

In 2021, Standard Chartered Bank Zambia Plc saw a significant increase in sales from its Corporate, Commercial & Institutional Banking segment, reaching $607M.

The Consumer Private & Business Banking segment was a strong performer in 2021, with sales reaching $663M.

Central & Other Banking experienced a decline in sales in 2021, with a decrease from $520M in 2020 to $255M.

Here's a breakdown of the sales by activity for Standard Chartered Bank Zambia Plc:

The Commercial Banking and Retail Banking segments experienced a decline in sales in 2021, with no reported sales for those activities that year.

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A SWIFT/BIC code is like a unique identifier for your bank account, consisting of 8-11 characters that reveal the bank's country, city, and branch.

The first four letters of the code represent the bank's name, often a shortened version of it.

The next two letters indicate the country where the bank is located.

The following two characters can be letters or numbers and specify the location of the bank's head office.

The final three digits, or sometimes letters, signify a particular branch of the bank, with 'XXX' representing the bank's head office.

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Here's a breakdown of the SWIFT/BIC code structure:

Standard Chartered Bank has confirmed plans to exit its retail banking operations in Zambia. The bank will sell its wealth and retail banking businesses in Zambia.

The bank has announced that it will continue to serve its clients during the transition period. Your deposits and monies are safe, and you can continue to perform banking transactions as usual.

The transition is expected to take approximately 18 to 24 months. The bank's Chief Executive Officer, Sonny Zulu, has stated that the move does not signal an exit from the Zambian market.

The bank will continue to explore opportunities in infrastructure, sustainable finance, and trade in Zambia.

Control is a crucial aspect of banking, and Standard Chartered Zambia offers several ways to manage your account. The bank's SWIFT code is SCBLZMLXSSU.

You can access your account information using the bank's SWIFT code, which is SCBLZMLX for the first 8 characters. This code is a standard way to identify the bank and is used for international transactions.

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Standard Chartered Zambia has a physical presence in Lusaka, making it easy to visit a branch in person. The bank's address is STANDARD CHARTERED HOUSE, CAIRO ROAD.

If you need to send money internationally, you can use the bank's SWIFT code to ensure a smooth transaction. The bank code for Standard Chartered Zambia is SSU.

The bank's physical presence in Lusaka is a plus, as it allows for face-to-face interactions with bank staff. The city is LUSAKA.

You can find more information about Standard Chartered Zambia's branches by checking the bank's details. The country where the bank is located is Zambia.

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