STANDARD Chartered Bank has rated Zambia as being among the top four markets whose long-term economic prospects have remained positive.
Visiting Standard Chartered Bank chief executive officer for Africa and the Middle East, Sunil Kaushal said the bank will continue to demonstrate its firm commitment to Zambia through investment in its banking systems and digital platforms.
“Investing in Africa, and indeed Zambia, to make it a regional powerhouse is a key priority in the bank’s new strategy. As such, Standard Chartered is set to enhance its digital capabilities, technology platforms and wealth management solutions in Zambia over the next few years,” Mr Kaushal said in a statement issued in Lusaka yesterday.
Standard Chartered, which has a rich 150-year history in Africa, is set to enhance its digital capabilities, technology platforms and wealth management solutions in Zambia over the next few years.
“We celebrate 110 years in Zambia; we remain fully committed to our partnership with the Zambian private and public institutions and to providing world-class products, services and banking innovation to our clients. This country is one of the markets which will receive additional investments to enhance our capabilities,” Mr Kaushal said.
He cited the current replacing of its automated teller machines as demonstrating the bank’s determination to provide 21st century smart banking solutions to meet the changing needs of its clients.
The bank pledges to remain the leading bank in Zambia, supporting key sectors of the economy, including mining, agriculture, telecommunications and major service industries and bringing in the continued much-needed capital and innovative financing solutions to support growth, diversification and job creation.
The bank is also enhancing its wealth management proposition, including Bancassurance products offered through the partnership with African Life Assurance.
Commenting on the visit, Standard Chartered Bank Zambia chief executive officer Andrew Okai said: “Mr Kaushal’s visit affirms that Zambia’s long-term economic prospects are recognised by the Standard Chartered Bank Group. While 2015 was a challenging year, we remain positive about the country’s long-term economic prospects. We will continue to support our valued clients through the changing economic landscape.”