By MAIMBOLWA MULIKELELA –
STANDARD Chartered Bank has said the continued investment into its banking systems and digital platforms, demonstrates a firm commitment to Zambia.
Visiting chief executive officer for Africa and the Middle East Sunil Kaushal said, Zambia was among the top four markets for Standard Chartered in Africa.
Mr Kaushal said Standard Chartered remains the leading bank in Zambia, supporting various key sectors of the economy which includes mining, agriculture, telecommunications and major service industries.
He said in Lusaka that the bank continued to bring the much needed capital and innovative financing solutions to support growth, diversification and job creation.
Mr Kaushal said Standard Chartered bank had a rich 150-year history in Africa and that Zambia was one of the markets which would receive additional investments to enhance its capabilities.
“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.
“I am delighted that this year, we celebrate 110 years in Zambia. We remain fully committed to our partnership with Zambian private and public institutions and to providing world-class products, services and banking innovation to our clients,” he said.
Mr Kaushal said the bank was currently replacing all its Automated Teller Machines (ATMs) in the country.
He said this demonstrates that the bank was determined to provide 21st century smart banking solutions to meet the changing needs of its valued clients.
Standard Chartered Bank Zambia CEO, Andrew Okai said Mr Kaushal’s visit affirmed that Zambia’s long-term economic prospects were recognised by the Standard Chartered Bank Group.
“Whilst 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,” Mr Okai said.
“It also gives us great pride to celebrate our 110th anniversary of operating in Zambia. Since our first branch opened in Kalomo in 1906, our commitment to being a trusted business partner remains unwavering, as does our brand promise to be here for good,” Mr Okai added.