Zambia National Commercial Bank services cater to all sections of people. People ranging from marginal farmers, share croppers to business men, small depositors and public servants all derive benefits from its services.
As Zambia is one of the poorest countries in Africa, the government in power had recently decided to introduce privatization in commercial sector to rejuvenate the economy there. Accordingly, Zambia National Commercial Bank - the people's Bank as it is fondly called, was privatized recently.
According to the minute signed, Rabobank of Netherlands will have a stake of 49% in Zambia National Commercial Bank while ZNCB will keep 25% share with it.
The key services that Zambia National Commercial Bank caters to its customers are payment services, E-banking services,credit facilities, bill muster facilities ands scheme loans.
Credit facilities: Issuing loans are what one of the key credit facilities that Zambia National Commercial Bank renders to its customers. Loans include SEBA loans, Enterprise development fund (EDF), Bank loans and above all personal loans.
Bank loans: Zambia National Commercial Bank provides bank loans on a short term basis. The loans are issued either for 12 months or for a five years term. Scheme loans are something that Zambia National Commercial bank has recently introduced. Under this scheme, employees from the corporate and the business world will be benefited immensely.
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