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Standard Chartered Zambia

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A Zambia-based commercial bank and Standard Chartered subsidiary serving corporate, business and retail customers.

Last updated August 26, 2026

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Overview

Standard Chartered Zambia, formally Standard Chartered Bank Zambia Plc, is a commercial banking institution operating in Zambia under the Standard Chartered brand. The bank is a subsidiary of Standard Chartered Bank and is licensed by the Bank of Zambia, the country's central bank and banking regulator. Its principal headquarters and main branch are in Lusaka. The institution traces its establishment in Zambia to 1906, giving it one of the country's longest-established presences among internationally affiliated banks. Over time, it developed as part of the wider Standard Chartered network, whose historical focus has included markets across Africa, Asia and the Middle East. In Zambia, the bank operates as a locally incorporated and regulated entity while remaining connected to Standard Chartered's international group structure. The bank's stated customer focus includes large corporate clients, medium-to-large enterprises and higher-income retail customers. This gives Standard Chartered Zambia a positioning that combines corporate and institutional banking capabilities with selected affluent and personal banking services, rather than presenting itself solely as a mass-market retail bank. Its banking activities are therefore associated with business banking, corporate finance and transaction services alongside personal financial products. The available reference material does not provide a complete current product catalogue, branch count or digital-channel inventory, so those details are not specified here. Standard Chartered Zambia is also a publicly traded local banking company. Its shares trade on the Lusaka Securities Exchange under the symbol SCBL. The controlling group relationship is through Standard Chartered Holdings (Africa) B.V., which is identified as a wholly owned subsidiary of Standard Chartered plc. This structure combines local listing and regulatory accountability with ownership by a multinational banking group. A publicly reported financial snapshot placed the bank's total assets at ZMW 8.851 billion and shareholders' equity at ZMW 873.5 million as of 31 December 2017. These figures are historical and should not be treated as current financial information. The bank has also participated in entrepreneurship and inclusion initiatives. In partnership with BongoHive, it ran Standard Chartered Women in Technology, a programme for women-led and women-founded businesses. The initiative received the Best Tech-For-Women Initiative award at the Techtrends Zambia Awards in 2021. In brand terms, Standard Chartered Zambia represents the local expression of a global banking group, with emphasis on established institutional credibility, corporate relationships and financial services for selected retail and business segments. Its historical presence, local stock-market listing, Bank of Zambia licence and international parentage are central elements of its identity. Current leadership, current financial results, product-level details and the bank's present branch or channel footprint are not established by the supplied reference material.

History

Standard Chartered Zambia is the local banking business formally known as Standard Chartered Bank Zambia Plc. Its Zambian history begins in 1906, when the institution was established in the country. The bank subsequently became part of the Standard Chartered group, an international financial-services organization headquartered in London. The local entity operates under Zambian banking supervision and is licensed by the Bank of Zambia. The bank's development has been tied to the role of international commercial banks in serving companies, entrepreneurs and higher-income individuals. Its customer base is described as including large corporate clients, medium-to-large businesses and upscale retail customers. This mix has shaped the bank as a relationship-oriented commercial bank with both business and personal banking activities. The supplied material does not document each historical product launch, branch opening or ownership transition, so those events are not added as separate milestones. Standard Chartered Zambia has a local corporate and ownership structure distinct from the broader parent group. The shares of the Zambian bank are listed on the Lusaka Securities Exchange under the symbol SCBL. The identified shareholder is Standard Chartered Holdings (Africa) B.V., a Netherlands-incorporated company wholly owned by Standard Chartered plc. This arrangement places the bank within Standard Chartered's wider African and international network while retaining a Zambian legal entity and local regulatory obligations. The bank's headquarters and main branch are located in Lusaka, Zambia's capital and largest city, at the junction of Mwaimwena Road and Addis Ababa Drive. Its historical scale is illustrated by financial information reported for 31 December 2017: total assets were stated as ZMW 8.851 billion and shareholders' equity as ZMW 873.5 million. The figures are included only as a dated historical reference and do not describe the bank's current balance sheet. Beyond conventional banking, Standard Chartered Zambia has supported entrepreneurship and technology inclusion. In partnership with BongoHive, it operated Standard Chartered Women in Technology, a programme aimed at women-led and women-founded businesses. The programme was recognized at the Techtrends Zambia Awards in 2021, receiving the Best Tech-For-Women Initiative award. This initiative provides evidence of a community and enterprise-development dimension to the brand, although the available material does not establish its full duration, funding, participant numbers or current status. The documented record presents Standard Chartered Zambia as an active, locally regulated and publicly listed bank with a long presence in the country. It combines the credibility and international connections of the Standard Chartered group with a market role centered on Zambian corporate, business and affluent retail customers. Information about current executives, recent results, exact product architecture and present operating footprint requires additional current sources.

  • 2021

    Women in Technology programme receives industry award

    [1]

    The Standard Chartered Women in Technology initiative, run with BongoHive for female-led and female-founded businesses, won the Best Tech-For-Women Initiative award at the Techtrends Zambia Awards.

  • 2017

    Reported historical financial position

    [1]

    As of 31 December 2017, the bank was reported to have total assets of ZMW 8.851 billion and shareholders' equity of ZMW 873.5 million.

  • 1906

    Establishment in Zambia

    [1]

    The bank was established in Zambia, marking the beginning of its documented local presence.

Products and positioning

An established, internationally affiliated Zambian commercial bank focused on corporate clients, medium-to-large enterprises and upscale retail customers.

  • Retail banking

    Personal banking

    Standard Chartered Zambia serves retail customers, with particular emphasis in the available description on upscale customers. The reference material does not identify specific current account, card, mortgage or wealth products, so this entry describes the documented customer segment rather than a detailed product range.

  • Commercial banking

    Business banking

    The bank serves medium-to-large business enterprises through commercial banking relationships. The supplied sources do not specify individual lending, cash-management or trade-finance products, but the segment is part of the bank's documented market scope.

  • Corporate banking

    Corporate banking

    Large corporate customers are a central documented customer group for Standard Chartered Zambia. The bank's corporate role is consistent with its position within an international banking group, although the available references do not provide a detailed list of corporate finance or transaction-banking offerings.

Marketing campaigns

  • 2021Standard Chartered Women in Technology

    Zambia

    A programme operated by Standard Chartered Zambia in partnership with BongoHive to support businesses led or founded by women.

    Outcome. The programme won the Best Tech-For-Women Initiative award at the Techtrends Zambia Awards 2021.

Sources1 sources

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