Stanbic Bank Zambia

Stanbic Bank Zambia Limited has developed a program that places strong emphasis on financial and business education for women.

About Stanbic Bank Zambia

Stanbic Bank Zambia Limited is part of the Standard Bank Group, Africa’s largest bank by footprint, profits and assets. The Standard Bank Group, with strong African roots and leader in emerging markets, has on-the-ground representation in 20 African countries. Standard Bank Group is also part of Industrial and Commercial Bank of China (ICBC), which owns 20 percent of Standard Bank Group. ICBC is the biggest bank in the world by balance sheet, profits, branches and customers.

Stanbic Bank Zambia Limited is the largest bank in Zambia by balance sheet and is well capitalized, with assets of US$464 million. The bank has 60 years’ operating experience and a huge network of branches countrywide, offering a full spectrum of financial services from retail to corporate and investment banking.

The Program

Stanbic launched its Anakazi Women’s Market program in early 2017. The program focuses on both increased access to finance and capacity building activities for women entrepreneurs. These platforms include training, mentorship and networking events to build knowledge in business management and access to markets, as well as assistance in business formalization. The bank also serves women as individual customers, targeting students, civil servants and women professionals in Personal Banking, Corporate and Commercial Banking.

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WOMEN AT STANBIC
BANK ZAMBIA

26 percent of the bank’s
117,694 Personal Banking
clients are women.

42 percent of Stanbic Bank’s
851 employees are female.

50 percent of Stanbic Bank executives are women.

The bank is planning to engage in a staff-wide Gender Intelligence Training program.

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The Opportunity - Zambia

  • 76%

    of women in Zambia participated in the work force as of 2012, according to the ILO.
  • 30%

    of women over age 15 had an account at a formal financial institution in 2014, Findex found.
  • 16%

    of Zambian women age 15 or older saved at a bank in 2014, Findex reported.
  • 4%

    borrowed any money from a formal financial institution, according to Findex.