here ; for the football club see zanaco fc . for other uses see national commercial bank limited . zambia national commercial bank type public ; luse zanaco industry financial services founded 1969 headquarters lusaka zambia key people charity c lumpa chairman bruce dick managing director products loans checking savings investments debit cards revenue aftertax us 23 million zmk 121 billion 2011 total assets us 900 million zmk 4.72 trillion 2011 number of employees 1 180 2011 slogan big strong reliable website homepage zambia national commercial bank commonly referred to by the name zanaco 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 . 1 contents 1 overview 2 history 3 ownership 4 branch network 5 community service 6 see also 7 external links 8 references overview edit zanaco is a large financial services provider in zambia . as of december 2011 update the bank s total assets were valued at us 900 million zmk 4.72 trillion with shareholders equity of about us 111.2 million zmk 582.7 billion according to the bank s 2011 audited financial statement . 2 history edit zanaco was founded in 1969 by the government of zambia . 3 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 . 4 ownership edit as of december 2011 update the banks s stock is owned by the following corporate entities and individuals 5 zanaco stock ownership rank name of owner percentage ownership 1 rabobank 45.59 2 government of zambia 25.00 3 public 24.68 4 lizara investments limited 3.41 5 employee share ownership programme esop 1.32 total 100.00 lizara investments limited is an investment subsidiary of zambia national farmers union znfu 6 branch network edit zanaco s main branch is located at the bank s headquarters in lusaka zambia s capital and largest city . as of february 2011 update the bank has fifty seven fully functional branches spread across the entire country . 7 in addition zanaco has partnered with the zambian post office known as zampost to allow zanaco customers to deposit and withdraw funds from their accounts at zampost outlets which total about one hundred distributed all over zambia in both rural and urban locales . by july 2012 the number of fully fledged bank branches including agency branches had increased to 62 . 8 community service edit zanaco is the sponsor of zanaco fc a football club based in lusaka the capital city of zambia . see also edit list of banks in zambia economy of zambia external links edit zambia national commercial bank official site zanaco december 2011 annual report zambia national commercial bank at alacrastore zambia national commercial bank at bloomberg references edit list of licensed commercial banks in zambia audited december 2011 annual report history of zanaco zanaco is most profitable bank in zambia during q1 and q2 of 2009 zanaco december 2011 shareholding list of investors in zanaco zanaco with 57 branches in february 2011 zanaco with 62 branches in july 2012 retrieved from https en.wikipedia.org w index.php title zambia national commercial bank & oldid 667632722 categories companies of zambiabanks of zambiacompanies established in 1969lusaka1969 establishments in zambiabankshidden categories articles containing potentially dated statements from december 2011all articles containing potentially dated statementsarticles containing potentially dated statements from february 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 19 june 2015 at 14 07 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view