Stanbic Bank Zambia has reaffirmed its commitment to driving local Business and Industry Growth through the provision of Customer-Centric and Innovative banking solutions.
Bank Head of Personal and Business Banking, Mukwandi Chibesakunda made the pledge at the Bank’s annual stakeholders’ event, where he thanked clients and stakeholders for their continued support in 2016.
She assured them of the Bank’s own support for their Businesses in the coming Year as they sought to realise and achieve their Business Goals.
Mrs Chibesakunda said Stanbic seeks to add real value to its clients’ Businesses by supporting them by delivering knowledge-based Banking Solutions as well as Exceptional Client experiences.
Stanbic Board of Directors Chairman Dr Austin Kaputo highlighted some of the accomplishments that the Bank Achieved in 2016 as a result of working Closely with Clients and various partners.
Dr Kaputo said 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, reduced Copper Production and a reduction in World Prices, and the Electricity Rationing Linked to Poor Rainfall.
He said Despite these Pressures, Stanbic continues to be a Leading Bank in Zambia with a Strong Balance Sheet.
He said the Bank has made significant Investments during the Year, Financing Projects in the Local Agriculture, Infrastructure, and Mining and Energy Sectors.
Agriculture and Agri-Business has been one of the Main Focuses for the Bank with 155 Million United States Dollars invested in the Sector.
Dr Kaputo said Over 575 Million United States Dollars has been Sanctioned to Finance Projects Aimed at Alternative Energy Sources such as Solar Power.