Access Bank Zambia
Encyclopedia
Access Bank Zambia Limited, commonly referred to as Access Bank Zambia, is a commercial bank
in Zambia
. It is one of the eighteen (18) commercial banks licensed by the Bank of Zambia
, the national banking regulator.
The bank, which was established in 2009, is a subsidiary of Access Bank
, an International bank, that maintains headquarters in Nigeria
and has subsidiaries in over ten countries in Africa
and Europe
. By virtue of its shareholding, Access Bank Zambia is a member of the Access Bank Group
, a financial services conglomerate, whose shares are listed on the Nigerian Stock Exchange and whose total asset valuation exceeded US$6.58 billion (NGN: 1 trillion), as of September 2010.
Access Bank Zambia had assets valued at approximately US$86.4 million (ZMK:400 million).
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Zambia
Zambia
Zambia , officially the Republic of Zambia, is a landlocked country in Southern Africa. The neighbouring countries are the Democratic Republic of the Congo to the north, Tanzania to the north-east, Malawi to the east, Mozambique, Zimbabwe, Botswana and Namibia to the south, and Angola to the west....
. It is one of the eighteen (18) commercial banks licensed by the Bank of Zambia
Bank of Zambia
The Bank of Zambia is the central bank of Zambia. According to its website, the principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country.The bank's offices are located in Lusaka....
, the national banking regulator.
The bank, which was established in 2009, is a subsidiary of Access Bank
Access Bank
Access Bank Plc., commonly known as Access Bank, is a commercial bank in Nigeria. The bank is one of the leading financial services providers in Nigeria, with an asset base in excess of US$4.8 billion, as of May 2009.-Locations:...
, an International bank, that maintains headquarters in Nigeria
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
and has subsidiaries in over ten countries in Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
and Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
. By virtue of its shareholding, Access Bank Zambia is a member of the Access Bank Group
Access Bank Group
Access Bank Group, is a financial services organization in West Africa, Central Africa and East Africa. The Group's headquarters are located on Victoria Island in Lagos, Nigeria, with subsidiaries in Nigeria, Burundi, Côte d'Ivoire, Democratic Republic of the Congo, Ghana, Rwanda, The Gambia,...
, a financial services conglomerate, whose shares are listed on the Nigerian Stock Exchange and whose total asset valuation exceeded US$6.58 billion (NGN: 1 trillion), as of September 2010.
Access Bank Zambia had assets valued at approximately US$86.4 million (ZMK:400 million).
External links
See also
- List of banks in Zambia
- Bank of ZambiaBank of ZambiaThe Bank of Zambia is the central bank of Zambia. According to its website, the principal responsibility of the bank is to create and implement monetary policy that will maintain the economic stability of the country.The bank's offices are located in Lusaka....
- Access BankAccess BankAccess Bank Plc., commonly known as Access Bank, is a commercial bank in Nigeria. The bank is one of the leading financial services providers in Nigeria, with an asset base in excess of US$4.8 billion, as of May 2009.-Locations:...
- Access Bank GroupAccess Bank GroupAccess Bank Group, is a financial services organization in West Africa, Central Africa and East Africa. The Group's headquarters are located on Victoria Island in Lagos, Nigeria, with subsidiaries in Nigeria, Burundi, Côte d'Ivoire, Democratic Republic of the Congo, Ghana, Rwanda, The Gambia,...
- Access Bank RwandaAccess Bank Rwanda-Overview:The bank is one of the ten licensed commercial banks in the Republic of Rwanda. As of January 2009, it was the fourth largest commercial bank in the country, based on assets.-History:...