Zambia among 5 top Barclays Markets

Tue, 28 Feb 2017 11:05:20 +0000

By BUUMBA CHIMBULU

ZAMBIA provides opportunities for business prospects which is why Barclays Group has continued to support key economic sectors, says Barclays Africa chief executive officer Maria Ramos.

Ms Ramos said Barclays Bank Zambia was among the top 5 markets which contributed to the Barclays Group 2016 positive revenue growth of 23 percent, and remained a key contributor to the success of the group.

“Barclays Rest of Africa (ROA) contributed 23 percent of the total group revenue and Zambia is one of the Top 5 markets for the Barclays Africa Group Limited. Barclays Zambia remains a key contributor to the success of the group,” she said.

Ms Ramos said Barclay’s Group continued to support key economic sectors such as mining, energy, agriculture, public sector and manufacturing.

She said the bank’s recent financing arrangements included the 300 Megawatts (MW) Maamba thermal power plant and Zambia Sugar expansion plan.

“We are the second biggest lender in the economy and we continue to provide innovative banking solutions to our customers,” she said.

“We have been in Zambia for close to 100 years and this illustrates our commitment to Zambia and our ability to adapt to changing economic situations,” she said.

Ms Ramos said Barclays was present in all the 10 provinces of Zambia with 51 branches, 135 ATMs and over 2,773 active point of sale terminals.

She said the bank continued investing in innovation banking solutions to expand financial inclusion.

“Banking products such as mobile and online banking allow customers to access banking services from anywhere and at any time. Furthermore, services such as Cash Send enable funds transfer to any mobile phone in Zambia, with the recipient withdrawing the funds from any Barclays ATM countrywide,” she said.