Stanbic Bank committed to business, industrial growth

Wed, 14 Dec 2016 12:29:16 +0000

STANBIC Bank Zambia will continue with its commitment of driving local business and industry growth through the provision of customer-centric services, says the bank’s head of personal and business banking Mukwandi Chibesakunda.

Ms Chibesakunda said the bank would also drive local businesses through provision of innovative banking solutions.

She made the pledge at the bank’s annual stakeholders’ event, where she thanked clients and stakeholders for their continued support in 2016.

She assured its clients of the bank’s own support for their businesses in the coming year as they sought to realise and achieve their business goals.

“As Stanbic, we seek to add real value to our clients’ businesses by supporting them through the delivery of knowledge-based banking solutions as well as exceptional client experiences,” she said.

And Stanbic board chairman Austin Kaputo highlighted some of the accomplishments the bank achieved in 2016 as a result of working closely with clients and various partners.

Dr Kaputo said Stanbic continued to be a leading bank in Zambia with a strong balance sheet despite these pressures.

“The year has been a challenging one for the country as a whole owing to several internal and external factors: high inflation rates in the first and second quarters, a tightening of liquidity on the market.

“Others are reduced copper production and a reduction in world prices, and the electricity rationing linked to poor rainfall,” he said.

He said the bank with continued support from clients could drive Zambia’s progress.

“We are looking forward to introducing new banking solutions for various industry sectors to support local infrastructure development and economic activities in 2017,” she said.

According to the bank, its support for Zambian businesses, corporates and SMEs alike, was reflected in its investment and loan portfolios.

Its Business Connect Centre now provided services to over 8,000 SMEs.