Zambia National Commercial Bank Plc News powered by SmartWire

ZANACO: Cautionary Update

Wed, 30 May 2012 00:00:00

[Incorporated in the Republic of Zambia] Company registration number: 5387 Share Code: ZANACO ISIN: ZM0000000250 [“ZANACO” or “the Company”] Further to the last cautionary announcement dated 10 May 2012, in compliance with the provisions of the Securities (Registration of Securities) Rules, 1993 of the Securities Act, Cap 354 of the Laws of Zambia and the Listing Rules of the Lusaka Stock Exchange ("LuSE"), which require that this cautionary announcement be...

ZANACO: Capitalisation Issue ("Bonus Share Issue")

Fri, 13 Apr 2012 00:00:00

[Incorporated in the Republic of Zambia] Company registration number: 5387 Share Code: ZANACO ISIN: ZM0000000250 [“ZANACO” or “the Company”] The announcement is made in compliance with the Listing Rules of the Lusaka Stock Exchange ("LuSE"). Bonus Share Issue At the Annual General Meeting of the Company held on 30th March 2012, shareholders approved a Capitalisation Issue (“Bonus Share Issue”) by the Company. This will be an issue of bonus shares to...

ZANACO: Declaration of Final Dividend (FY2011)

Tue, 10 Apr 2012 12:00:00

At the Annual General Meeting of Zambia National Commercial Bank Plc held on Friday, 30th March, 2012, a Final Dividend of K28.00 per share for the period ended 31 December, 2011 was approved by the Members.In accordance with the requirements of the Securities Act (Cap 354 of the Laws of Zambia), and the Listing Rules of the Lusaka Stock Exchange, Notice is hereby given that the dividend shall be payable to shareholders registered in the Company's books at the close of business on 13...

ZANACO | Renewal of cautionary announcemement

Fri, 30 Mar 2012 12:00:00

[Incorporated in the Republic of Zambia] Company registration number: 5387 Share Code: ZANACO ISIN: ZM0000000250 [“ZANACO” or “the Company”] Further to the last cautionary announcement dated 8 March 2012, in compliance with the provisions of the Securities (Registration of Securities) Rules, 1993 of the Securities Act, Cap 354 of the Laws of Zambia and the Listing Rules of the Lusaka Stock Exchange (“LuSE”), which require that this cautionary...

Zanaco presentation to Domestic Institution Investors

Thu, 29 Mar 2012 12:00:00

Zambia National Commercial Bank Plc is pleased to release the presentation by Martyn H. Schouten, Managing Director / Chief Executive Officer to Domestic Institution Investors. Below is an extract from the presentation: Zanaco Overview Largest Bank in Zambia; Top 1-3 positions (19 banks) Strong Retail Bank with good Corporate and Treasury capabilities; full product range in payments, lending and investments/savings Strategy: concentration on Retail Consumers (incl. reaching...

ZANACO releases 2011 annual report

Fri, 9 Mar 2012 12:00:00

The Board of Directors of Zambia National Commercial Bank Plc is pleased to announce the release of the 2011 annual report for the year ended 31 December 2011. Below is an extract from the Chairman's Statement. Chairman's Statement Performance During the year under review, the Bank increased its Profit After Tax from ZMK 113 billion to ZMK 121 billion, which was mainly attributed to a rapid growth in customer numbers, robust growth in the Bank’s loan portfolio and continued...

ZANACO | FY2011 financial results

Fri, 9 Mar 2012 12:00:00

The Directors of Zanaco are pleased to announce the release of the full-year results for the period ended 31 December 2011. Financial Highlights: Total income up by 10% to ZMK 626,042 Deposit growth was up by 31% to ZMK 3,413,565 Return on Shareholders' funds increased by 20% to ZMK 582,671 Total asset growth was 34% to 4,717,621 To download the full 2011 abridged results for the period ended 31 December 2011, visit the...

ZANACO | Notice and Agenda of Annual General Meeting

Fri, 9 Mar 2012 12:00:00

Notice is hereby given that the 42nd Annual General Meeting of the fully paid up members of Zambia National Commercial Bank Plc will be held at the Intercontinental Hotel, Lusaka on Friday 30th March, 2012 commencing at 10.30hrs to transact the following: To consider and adopt the minutes of the forty-first Annual General Meeting held on 31st March, 2011. To receive and adopt the Company's Audited Financial Statements for the financial year ended 31 December, 2011,...

Further Cautionary Announcement on Government inquiry into Zanaco partial privatization

Thu, 16 Feb 2012 12:00:00

[Incorporated in the Republic of Zambia] Company registration number: 5387 Share Code: ZANACO ISIN: ZM0000000250 [“ZANACO” or “the Company”] Further to the last cautionary announcement dated 26 January 2012, in compliance with the provisions of the Securities (Registration of Securities) Rules, 1993 of the Securities Act, Cap 354 of the Laws of Zambia and the Listing Rules of the Lusaka Stock Exchange (“LuSE”), shareholders are advised that on December...

First Cautionary Announcement on Government inquiry into Zanaco partial privatization

Fri, 27 Jan 2012 12:00:00

[Incorporated in the Republic of Zambia] Company registration number: 5387 Share Code: ZANACO ISIN: ZM0000000250 [“ZANACO” or “the Company”] In compliance with the provisions of the Securities (Registration of Securities) Rules, 1993 of the Securities Act, Cap 354 of the Laws of Zambia and the Listing Rules of the Lusaka Stock Exchange (“LuSE”), shareholders are advised that on December 20, 2011, the Company received formal notification from the...

ZANACO: Quarterly Prudential Financial Statements to 31 December 2011

Fri, 27 Jan 2012 00:00:00

We have pleasure in releasing the Quarterly Prudential Financial Statements to 31 December 2011, published in accordance with sections 61(3b) of the Banking and Financial Services Act, 1994. The salient data is as follows: Total interest income amounted to ZK123,419 million (Year to date = ZK448,327 million) Total interest expense amounted to ZK17,793 million (Year to date = ZK59,122 million) Total non-interest income amounted to ZK66,791 million (Year to date = ZK228,852...

ZANACO: Quarterly Prudential Financial Statements to 30 September 2011

Wed, 9 Nov 2011 12:00:00

We have pleasure in releasing the Quarterly Prudential Financial Statements to 30 September 2011, published in accordance with sections 61(3b) of the Banking and Financial Services Act, 1994. The salient data is as follows: Total interest income amounted to ZK121,659 million (Year to date = ZK324,908 million) Total interest expense amounted to ZK16,987 million (Year to date = ZK41,329 million) Total non-interest income amounted to ZK64,730 million (Year to date = ZK162,061...

ZANACO: 1H 2011 presentation to Institutional investors

Tue, 11 Oct 2011 12:00:00

The board of Directors of Zambia National Commercial Bank Plc is pleased to announce the release of the Company's presentation to Institutional investors for the 2011 interim results. Below are extracts from the presentation. Largest Bank in Zambia. Over 500,000 customers and largest card base. 57 full branches and 123 Zanaco Xpress (Zanaco/Zampost partnership) covering all 74 districts in the country. Over 150 ATMs by year end and 465 POS country wide. Most...

ZANACO releases 2011 interim results

Thu, 29 Sep 2011 12:00:00

In compliance with requirements of the Securities Act Cap 354 of the Laws of Zambia and Listing Rules of the Lusaka Stock Exchange, the Directors of Zanaco are pleased to announce half-year results for the period ended 30 June 2011. Below are extracts from the financial statements Review of operations The Bank's operational focus in the medium term will continue to be the improvement of customer experience in all our branch network ..... Capital Adequacy The Bank remains well...

ZANACO open up Banking Services at 123 ZAMPOST locations countrywide.

Tue, 20 Sep 2011 12:00:00

ZANACO Bank Plc will this year roll out Zanaco express service to 123 Zampost locations countrywide, a development that will allow new bank customers in rural areas to access its services through the Xapit account. In April this year, Zanaco signed an agreement with Zampost, a facility allowing both the bank and postal services customers to access banking products in Zampost locations countrywide. In an interview, Zanaco managing director Martyn Schouten said customers can deposit and...

Zanaco gives positive polls outlook

Wed, 14 Sep 2011 00:00:00

ZANACO Bank Plc has ruled out uncertainty in the banking industry during the next week’s presidential and parliamentary general elections. The bank has also awarded 132 employees under the newly-introduced long service award at a cost of K426 million. Bank managing director Martyn Schouten said the bank expects calm and peace during and after the polls. In an interview in Lusaka on September 9, Mr Schouten said “I don’t see any uncertainties in the future of the bank, our...

Zanaco: ZNFU Congress Speech - MD

Tue, 6 Sep 2011 12:00:00

YOUR Excellency, The President of the Republic of Zambia, Mr. Rupiah Banda, The ZNFU President and Board members present, Senior Government Officials Your Excellencies, Members of the Diplomatic Corps Heads of Representatives of Corporate Business in Zambia and Non-Governmental Organizations Invited Guests, Ladies and Gentlemen It is a great honor for me as the second Managing Director of Zanaco since its privatization in 2007, to be invited to address the members at the occasion...

Zanaco: Malaiti 24/7 on Xapit launch - MD Speech

Tue, 6 Sep 2011 12:00:00

ZANACO MANAGING DIRECTOR MARTYN SCHOUTEN MALAITI 24/7 ON XAPIT LAUNCH TAJ PAMODZI HOTEL FRIDAY, 2ND SEPTEMBER 2011 Recognise presence of: Zesco Managing Director, Senior management and all staff Zanaco Directors, Senior management and staff Press All invited guests It gives me great pleasure to stand before you on this momentous occasion as Zanaco celebrates yet another partnership aimed at making conducting business easier for our customers. The event we...

ZANACO: Quarterly Prudential Financial Statements to 30 June 2011

Thu, 4 Aug 2011 12:00:00

We have pleasure in releasing the Quarterly Prudential Financial Statements to 30 June 2011, published in accordance with sections 61(3b) of the Banking and Financial Services Act, 1994. The salient data is as follows: Total interest income amounted to ZK105,310 million (Year to date = ZK203,249 million) Total interest expense amounted to ZK12,745 million (Year to date = ZK24,342 million) Total non-interest income amounted to ZK51,510 million (Year to date = ZK97,331...

Zanaco named 'Best bank in Zambia' by Euromoney

Mon, 18 Jul 2011 12:00:00

Zanaco has today announced the Bank’s award as the ‘Best Bank in Zambia’. This follows the awards presentation by Euromoney in London on July 7th at the Awards for Excellence Dinner .The award was received by Zanaco Managing Director and CEO Martyn Schouten. Commenting on the award, at a Press Briefing held at Zanaco Head Office, Martyn Schouten said, ‘’We are very proud to be associated with this international award. It would not have been made possible without...

ZANACO: Quarterly Prudential Financial Statements to 31 March 2011

Thu, 28 Apr 2011 12:00:00

We have pleasure in releasing the Quarterly Prudential Financial Statements to 31 March 2011, published in accordance with sections 61(3b) of the Banking and Financial Services Act, 1994. The salient data is as follows: Total interest income amounted to ZK97,939 million (Year to date = ZK97,939 million) Total interest expense amounted to ZK11,597 million (Year to date = ZK11,597 million) Total non-interest income amounted to ZK45,821 million (Year to date = ZK45,821 million)...

ZANACO ups farmers' support

Thu, 7 Apr 2011 00:00:00

ZANACO will this year increase support to small scale farmers under the Lima scheme and emergent farmer programme from last year's 3,000 beneficiaries. Managing director Martyn Schouten said that the bank would continue to invest in the development of Zambia's agriculture sector because of its significance to the economy. Mr Schouten said the bank would increase its lending to the sector and that the agriculture sector represented about 30 per cent of the banks total loan...

Huge profits for Zanaco, K113 billion

Tue, 5 Apr 2011 00:00:00

ZANACO Bank Plc has recorded a K113 billion profit after tax during the year ended March 31, 2010, an increase from the K79 billion made the previous financial year. Zanaco managing director Martyn Schouten said the bank's performance last year was impressive despite market conditions. Mr Schouten attributed the positive performance this year to Zambia's full economic recovery and increased customers for financing. "Although the performance slowed down in the first three months of...

Zanaco projects more growth for banking sector

Tue, 5 Apr 2011 00:00:00

ZANACO Plc says growth in the banking sector is expected to continue this year, spurred by increased productive sector and payroll-based consumer lending. And Zanaco says it has no plans of introducing Islamic banking despite having a good number of Muslim clients on its network. During a press briefing in Lusaka yesterday, Zanaco managing director Martyn Schouten said he was optimistic that the growth in the sector would be achieved and sustained despite experiencing difficulties in the...

ZANACO: 2010 Presentation to Institutional investors

Wed, 30 Mar 2011 12:00:00

The board of Directors of Zambia National Commercial Bank Plc is pleased to announce the release of the Company's presentation to institutional investor for the 2010 abridged results. Below is an extract from the presentation. Overall performance 2010: Execute strategy & continue to target number 1 position in all chosen fields Consistently and sustainably driving P & L in the right direction Keeping NPL's under control and at appropriate...

ZANACO releases 2010 annual report

Mon, 28 Mar 2011 12:00:00

The Directors of Zambia National Commercial Bank Plc (Zanaco) are please to announce the release of the Company's 2010 annual report for the year ended 31 December 2010. Below are a few financial extracts: Financial Highlights:- Net interest income: ZMK 324,195 million Total income: ZMK 533,919 million Profit for the year: ZMK 112,510 million Total assets: ZMK 3,520 billion Cash and cash equivalents at end of year: ZMK 364,887 million Total comprehensive...

ZANACO and ZAMPOST formally launch partnership

Thu, 24 Mar 2011 12:00:00

In order to offer alternative ways of conducting banking business and bringing banking services closer to the people of Zambia, Zambia National Commercial Bank Plc (Zanaco) and the Zambia Postal Services Corporation (ZAMPOST)are pleased to officially announce their partnership. Branded ZANACO XPRESS, this partnership will see Zanaco customers deposit or withdraw money from ZAMPOST outlets. Customers will be able to perform these functions using either the Zanaco or Xapit Visa Electron Debit...

ZANACO weekly share trading results: 18 March 2011

Fri, 18 Mar 2011 12:00:00

Zanaco Plc Weekly share trading stats 18 March 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO releases 2010 abridged results

Thu, 17 Mar 2011 12:00:00

The Directors of Zanaco are pleased to announce full-year results for the period ended 31 December 2010. Financial Highlights: Earnings per share was ZMK 97.41 Dividend per share was ZMK 28.00 Dividend cover was 3.48 times Loans and Advances grew by 48.00% Deposit growth was 14.00% Shareholders' funds increased by 20.00% Total asset growth was 16.00% Total income was ZMK 568 billion Profit before tax...

ZAMBIA: Government has no regrets on ZANACO sale....

Sat, 12 Mar 2011 12:00:00

Government does not regret selling 49 percent shares in Zambia National Commercial Bank (ZANACO) to Rabobank. The benefit of selling the shares has seen improved delivery of service that the bank offers. According to Finance minister Situmbeko Musokotwane, some of the benefits include the access of the bank's services in rural areas. This is contrary to long gone experiences where civil servants trekked distances to the nearest ZANACO branch. The bank has opened a new Branch at...

ZANACO weekly share trading results: 11 March 2011

Fri, 11 Mar 2011 12:00:00

Zanaco Plc Weekly share trading stats 11 March 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO: Notice of Annual General Meeting

Thu, 10 Mar 2011 12:00:00

NOTICE is hereby given that the Annual General Meeting of the fully paid up members of Zambia National Commercial Bank PlC in respect of the period ended 31 December 2010, will be held at Inter-continental Hotel, Lusaka, Zambia on Thursday, 31 March, 2011 at 14:00 hours for the following purposes: To confirm and sign the Minutes of the Annual General Meeting held on 31 March, 2010 To receive and adopt the Financial Statements for the year ended 31st December, 2010 together ...

ZANACO: 2010 Final Dividend Declaration

Thu, 10 Mar 2011 12:00:00

At the Board Meeting held on Thursday, 24th February, 2011, a Final Dividend of K28.00 per share for the period ended 31 December, 2010 was recommended for approval to the Annual General Meeting to be held on 31st March, 2011. In accordance with the requirements of the Securities Act (Act No. 38 of 1993), and the Listing Rules of the Lusaka Stock Exchange, Notice is hereby given that the dividend shall be payable to shareholders registered in the Company's books at the close...

ZANACO AND ZICA sign the Bill Muster Memorandum of Understanding

Fri, 25 Feb 2011 12:00:00

Zambia National Commercial Bank Plc (Zanaco) and the Zambia Institute of Chartered Accountants (ZICA) are proud to announce the signing of a Memorandum of Understanding (MOU) on the usage of Zanaco's Bill Muster, a bills payment product by ZICA students and members. This will see ZICA students and members pay all their fees, except for the purchase of books through Zanaco's network of Branches across the country. Zanaco Director of Corporate Banking Mr Ignatius Mwanza said, "Zanaco...

ZANACO weekly share trading results: 25 February 2011

Fri, 25 Feb 2011 12:00:00

Zanaco Plc Weekly share trading stats 25 February 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 18 February 2011

Fri, 18 Feb 2011 00:00:00

Zanaco Plc Weekly share trading stats 18 February 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 11 February 2011

Fri, 11 Feb 2011 12:00:00

Zanaco Plc Weekly share trading stats 11 February 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO: Quarterly Prudential Financial Statements to 31 December 2010

Fri, 4 Feb 2011 00:00:00

We have pleasure in releasing the Quarterly Prudential Financial Statements to 31 December 2010, published in accordance with sections 61(3b) of the Banking and Financial Services Act, 1994. The salient data is as follows: Total interest income amounted to ZK97,433 million (Year to date = ZK345,034 million) Total interest expense amounted to ZK10,211 million (Year to date = ZK42,396 million) Total non-interest income amounted to ZK76,146 million (Year to date = ZK242,428 million) Total...

ZANACO weekly share trading results: 4 February 2011

Fri, 4 Feb 2011 00:00:00

Zanaco Plc Weekly share trading stats 4 February 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 28 January 2011

Fri, 28 Jan 2011 12:00:00

Zanaco Plc Weekly share trading stats 28 January 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 21 January 2011

Fri, 21 Jan 2011 12:00:00

Zanaco Plc Weekly share trading stats 21 January 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 14 January 2011

Fri, 14 Jan 2011 12:00:00

Zanaco Plc Weekly share trading stats 14 January 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 7 January 2011

Fri, 7 Jan 2011 12:00:00

Zanaco Plc Weekly share trading stats 7 January 2011 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO yearly share trading results: 2010

Tue, 4 Jan 2011 12:00:00

Zanaco Plc yearly share trading stats 2010 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

Zanaco reaches 4,000 small-scale farmers

Mon, 3 Jan 2011 12:00:00

Zambia National Commercial Bank (ZANACO) has reached 4,000 small-scale farmers at the end of 2010 covering more than 5,000 hectares under the Lima Scheme facility. Zanaco head-customer service and brand management Chana Musakanya said the Zanaco Lima Scheme had grown from 230 farmers two years ago to close to 1,800 farmers covering 2,200 hectares. Ms Musakanya said in Lusaka that the bank takes pride in not only lending to established commercial farmers, but had developed lending and support...

Zanaco launches ACCA students' visa cards

Thu, 23 Dec 2010 12:00:00

ZANACO has launched visa cards to be used by Association of Chartered Certified Accountants (ACCA) students in Zambia under the names professional.web and student.web. Speaking during the launch of the product in Lusaka at Southern Sun Ridgeway Hotel, Zanaco director of corporate banking Ignatius Mwanza said the introduction of the student visa cards opened an unprecedented electronic platform which would allow easy payment for ACCA membership and student fees in Zambia. In June 2010, Zanaco...

ZANACO weekly share trading results: 17 December 2010

Fri, 17 Dec 2010 00:00:00

Zanaco Plc weekly share trading stats 17 December 2010 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 10 December 2010

Fri, 10 Dec 2010 00:00:00

Zanaco Plc weekly share trading stats 10 December 2010 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 03 December 2010

Fri, 3 Dec 2010 12:00:00

Zanaco Plc weekly share trading stats 03 December 2010 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...

ZANACO weekly share trading results: 26 November 2010

Fri, 26 Nov 2010 00:00:00

Zanaco Plc weekly share trading stats 26 November 2010 Listing exchange LuSE Sector Banks Listing date 27 November 2008 ISIN code ZM0000000250 Year end 31 December LuSE code ...