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Zambia National Commercial Bank Plc, is a commercial bank in Zambia. It is one of the commercial banks in the country, licensed by Bank of Zambia, the national banking regulator.

Zanaco was founded in 1969 by the Government of Zambia. Prior to 2007, the bank was 100% owned by the government. In that year, 49% of its shares were sold to the Rabobank Group, a banking company from the Netherlands. In 2008, the shares of Zanaco were listed on the Lusaka Stock Exchange (LuSE), where they trade under the symbol: ZANACO. The current shareholding in the bank is detailed in the section below. According to the Bank of Zambia, Zanaco was the most profitable commercial bank in Zambia during the first six months of 2009.

Other Details

Type of Organisation / Business:
Private Limited Company
No of Employees:
1,180+ (2011)
Founded By:
Unknown
Key People:
Chairman - Charity C Lumpa
Other info:
Email - Corporate.service@zanaco.co.zm

Office Location